163 Gulf Beach Dr, St. George Island, FL

$1,872,000

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4,140

Square feet

0.15

Acres

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 Clearance Height 18+ Ft, Frame, Vinyl Siding

Additional Information

Date Listed March 13th, 2024
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

OfficeRECIPROCAL OFFICE

Listing Map

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