163 Gulf Beach Dr Active Save Request In-Person Tour Request Virtual Tour
St. George Island,FL 32328
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,140 sqft
Price per Sqft $313
Subdivision No Named Subdivision
MLS Listing ID 321557
Year Built 2001
Lot Size 6,782 Sqft
Property Description
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 $5000/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. Original list price of $1,299,000 is much less than the Zillow Estimate of $1,612,000 (Zillow Estimate of 1st floor = $990,000 and 2nd floor = $622,000).
Location
State FL
Zoning Business,Mixed Use,Residential Single Family
Interior
Heating Ceiling Electric,HVAC
Cooling Central Electric,Ceiling Fan(s),Heat Pump,HVAC,Multi Units
Flooring Tile
Exterior
Community Features Restaurant
Utilities Available Electricity Connected,Internet Available,Water Connected
Roof Type Asphalt,Shingle
Building
Sewer Aerobic Septic
Others
Special Listing Condition Agent Owned