About 163 E Gulf Beach Dr
Looking for a proven investment opportunity? This well-maintained mixed-use property features a stable, long-term commercial tenant. The ground floor has been home to SUBWAY since 2005, with a current lease of $5,000/month. The lease is triple net (NNN), so the tenant covers property taxes, insurance, and maintenance—offering minimal responsibility for the owner. The commercial space totals approximately 2,070 square feet and has been consistently cared for, including a new roof installed and permitted in 2023 by Lloyd's Roofing of Tallahassee, a new HVAC system around 2021, and regular upkeep of the building and septic system. This listing is for the lower level only. However, the owner will also consider selling the upstairs condo, which is an additional income-producing property. See MLS # 324166 for the entire property.
Features of 163 E Gulf Beach Dr
| MLS® # | 323922 |
|---|---|
| Price | $940,000 |
| Square Footage | 2,070 |
| Acres | 0.15 |
| Year Built | 2001 |
| Type | Commercial |
| Sub-Type | Improved Commercial |
| Status | Active |
Community Information
| Address | 163 E Gulf Beach Dr |
|---|---|
| Area | St. George Island |
| Subdivision | GULF BEACHES UNITS 1-5 |
| City | St. George Island |
| State | FL |
| Zip Code | 32328 |
Amenities
| Utilities | Electricity Connected, Internet Available, Water Connected, Phone Connected |
|---|---|
| Is Waterfront | No |
Exterior
| Construction | Frame, Vinyl Siding |
|---|
Additional Information
| Date Listed | August 29th, 2025 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
Listing Details
| Office | St George Island Realty, LLC |
|---|