1545 Coastal Highway # 1

Panacea, FL
$ 193,000 Beds 0 Baths 0 Sq 4,576
Monthly Estimate* How much can I afford?

Commercial investment opportunity. Restore this local Motel back to its glory or utilize the 5 commercial lots for future endeavors! Property very close to the Bay, local restaurants and fresh seafood! Property has not been up and running since Hurricane Michael but looking for new owners to get it back on track. Cottage adjacent to motel included. Parcel ID number 24-5S-02W-057-03082-000

Contingent

  • Price
  • $ 193,000
  • Lot Size
  • 0.82 Acres
  • Bedrooms
  • 0
  • Sqr Footage
  • 4,576
  • Full Bathrooms
  • 0
  • Half Bathrooms
  • 0
  • City, Zip
  • Panacea
  • County
  • WAKULLA
  • Style
  • Hotel/Motel
  • Area
  • Wakulla
  • MLS#
  • 329930
  • Zip
  • 32346
Listing Provided by: Coastwise Realty
Data Source: Tallahassee Board of REALTORS

Features

General

Business Type Hotel/Motel
Construction Materials Other
Cooling Ceiling Fan(s), Wall/Window Unit(s)
Current Use Hotel/Motel
Electric 3 Phase
Flooring Concrete
MLS Area Wakulla-4
Parking Features Parking Space(s), Unpaved
Property SubType Hotel/Motel
Property Type Commercial Sale
Security Features Security Lights
Subdivision Name Panacea Mineral Springs
Terms Cash
Total Units 15
Utilities Electricity Available, Sewer Available, Water Available

Interior Features

Air Conditioning Y/N Yes

Exterior Features

Lot Features Flood Zone
Lot Size Acres 0.82
Road Frontage Type Main Thoroughfare, State Road
Road Surface Type Paved
Total Parking 25
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Tallahassee, FL office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

3/22/2021 Listed $146,000

Property vs Zip Code Average in 32346

Price
AVG $180K
$190K
Visits
AVG 40
8

Map

Areas That We Cover

1545 Coastal Highway # 1 Panacea, FL is a Single Family Home for sale at $193000 with 4576 sqft and a lot size of 0.82 Acres Acre(s). 1545 Coastal Highway # 1 Panacea has 0 bedrooms, 0 baths . The property's zip code is 32346 which is in Panacea, FL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.