Address: 604 Fernwood Street, Panama City Beach, FL 32407
Description
Unlock the potential of this versatile income producing property located just off Middle Beach Road in the heart of Panama City Beach. Formerly operated as a motel, this property offers flexible use options for multi family residential, short term rental, workforce housing, or commercial conversion (buyer to verify zoning and intended use).
The property features 7 bedrooms and 6 bathrooms across approximately 2,556 square feet, providing multiple rental configurations and value add possibilities. Guests and tenants will enjoy the on site swimming pool, creating an attractive amenity for vacation or long term occupancy.
Positioned in a highly desirable central beach corridor, the location offers quick access to shopping, dining, attractions, and entertainment, along with convenient proximity to both Front Beach Road and Back Beach Road.
Whether you're looking to reposition a former hospitality asset, expand your rental portfolio, or explore redevelopment potential, this property presents a rare opportunity in one of Panama City Beach's most active growth areas.
Unlock the potential of this versatile income producing property located just off Middle Beach Road in the heart of Panama City Beach. Formerly operated as a motel, this property offers flexible use options for multi family residential, short term rental, workforce housing, or commercial conversion (buyer to verify zoning and intended use).
The property features 7 bedrooms and 6 bathrooms across approximately 2,556 square feet, providing multiple rental configurations and value add possibilities. Guests and tenants will enjoy the on site swimming pool, creating an attractive amenity for vacation or long term occupancy.
Positioned in a highly desirable central beach corridor, the location offers quick access to shopping, dining, attractions, and entertainment, along with convenient proximity to both Front Beach Road and Back Beach Road.
Whether you're looking to reposition a former hospitality asset, expand your rental portfolio, or explore redevelopment potential, this property presents a rare opportunity in one of Panama City Beach's most active growth areas.
Features
Building and Construction
Covered Spaces: 0.00
Living Area: 0.00
Land Information
Lot Features: Paved
School Information
High School: Arnold
Middle School: Surfside
School Elementary: Hutchison Beach
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Parking Features: Unpaved
Eco-Communities
Pool Features: InGround, Private
Utilities
Carport Spaces: 0.00
Cooling: CeilingFans, WindowUnits
Heating: VariesByUnit
Road Frontage Type: CityStreet
Sewer: PublicSewer
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Pet Deposit: 0.00
Security Deposit: 0.00
Tax Year: 2025
Trash Expense: 0.00
Other Features
Legal Description: HUTCHISON'S 1ST ADD LOTS 2 & 3 BLK 4 DAUGETTE ADDITION LOT 19 BLK B ORB 2090 P 521
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