163 Gulf Beach Dr ,
$1,872,000
MLS#: 316872
Address: 163 Gulf Beach Dr
City / Zip: , FL 32328
Neighborhood: St George Bay
Heated Sq Ft: 4,140
Acres: 0.1557
Year Built: 2001
Interior Features
- Furnishings Available: No
- Water: Public
External Features
- Lot Description: UNIT 1 BL 5E Lots 1 2 OR/111/126 601/34-47 610/465 708/7 824/607 1226/174
- Sewer/Septic: See Remarks
Additional Features
- Status Date: 2024-05-01
- Year Built: 2001
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Agent's Comments
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 $4000/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. Price represents the Zillow Estimates for value of the first floor ($1,004,000) and the second floor ($868,000).
*Listing provided courtesy of the MLS.