8042 HWY 98 W
Port St. Joe, FL

Real Estate & Business

Reduced! $3,900,000

$3,499,000

15 completely remodeled units PLUS the adjacent vacant lot total a combined 2.7 acres right on HWY 98. Step across the beach right into the gulf waters! The development possibilities are endless! The Forgotten Coast Inn is a St. Joe Beach landmark. Annual gross income averages between $425,000-$450,000 annually. Hotel was completely renovated from the foundation to the studs and up! Everything is new. All rooms are newly furnished, and there is a 1300 square ft 1bd, 2ba, owners/managers living quarters with a full kitchen and large pantry, plus a nice back patio. Lobby has a managers office, full laundry room, soda vending machine/ice machine. As of list date it is the ONLY active hotel on HWY 98 in the area. Guaranteed money maker...hurry before it's gone!! All information is approximate and should be verified by buyers if important

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Property Details
MLS Number307324
StatusActive
List DateMar 26, 2021
Listing UpdatedJun 11, 2021
Acreage2.73 Acres
H/C SqFt6,100 SqFt
Total SqFt6,100 SqFt
Lot Size370X322
Construction Details
Year Built1966
Construction MaterialBlock,Frame
Energy, Heat/CoolDouble Paned Window(s),Insulated Window(s),Storm W
UtilitiesElectricity Available,Sewer Available,Electricity
AvailabilityAs Is
Ceiling Height0.00
Front Footage0.00
Area Information
AreaMexico/St. Joe Beach
Sub AreaSt. Joe Beach
SubdivisionNO NAMED SUBDIVISION
Community FacilitiesCable TV,Pets Allowed,Dumpster,Laundry
Legal Infos 5 t 7 r 11 370 ft us 98 front; 332 depth orb 660/937 fr bhakta map 17 a AND s 5 t 7 r 11 1.62 ac m/l being jayesh m bhakta minor replat orb 549/3211 orb 660/937 fr bhakta map 17a
Map Location

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Property information provided by the REALTOR’S® Association of Franklin and Gulf Counties, Inc.. IDX information is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS.