About 163 Gulf Beach Dr
Want to have a money making investment and a residence on a beautiful island? The SUBWAY has been here since 2005 and wants to stay indefinitely. Income is very stable. The SUBWAY has approx. 2070 square feet. The second floor is a residence of equal size. Zoning allows for both business and residence. Residence has two large living areas, including a beautiful GREAT room, three large bedrooms and two full bathrooms. This appears to be one of the largest condos on the island. The SUBWAY rent is $4000/month. A SUBWAY national lease will be used. The building has been grandfathered for flood insurance, so the price is only $2600. The Subway building had a new HVAC installed approx. 2021. Regular maintenance has been done on the building and the septic system. A new roof was installed and permitted in 2023 by Lloyd's Roofing of Tallahassee. Price represents the Zillow Estimates for value of the first floor ($1,004,000) and the second floor ($868,000).
Features of 163 Gulf Beach Dr
| MLS® # | 316872 |
|---|---|
| Price | $1,872,000 |
| Square Footage | 4,140 |
| Acres | 0.15 |
| Year Built | 2001 |
| Type | Commercial |
| Sub-Type | Real Estate & Business |
| Status | Active |
Community Information
| Address | 163 Gulf Beach Dr |
|---|---|
| Area | St. George Island |
| Subdivision | ST GEORGE BAY |
| City | St. George Island |
| State | FL |
| Zip Code | 32328 |
Amenities
| Utilities | Electricity Connected, Water Connected |
|---|---|
| Is Waterfront | No |
Exterior
| Construction | Frame, Clearance Height 18+ Ft, Vinyl Siding |
|---|
Additional Information
| Date Listed | March 13th, 2024 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
Listing Details
| Office | RECIPROCAL OFFICE |
|---|