1030 E 23rd St - Hospitality FOR SALE
Panama City, FL 32405 |
305-373-6650
1030 E 23rd St
Panama City, FL 32405
HIGHLIGHTS
- Property underwent a nearly $10.0M comprehensive renovation in 2019/2020 following Hurricane Michael
- The Hotel is being offered at a significant discount to replacement cost
- Highly favorable corporate PIP not due until 2028 that is limited to $5,000 per key
- Stable in-place cash flow with revenues of over $3.0M in 2024
- Located within 15 miles of all the major demand generators in Panama City
- Unencumbered by management creates significant operating upside for an owner-operator
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
La Quinta by Wyndham Panama City
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
6
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1998
PARKING SPACES
104
LAND DETAILS
LAND ACRES
2.24 AC
LAND SF
97,487 SF
ZONING
GC 1
APN/PARCEL ID
14406-000-000
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305-373-6650
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305-373-6650
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