163 E Gulf Beach Drive, ST GEORGE ISLAN, FL 32328 (MLS # 369630)

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PRICE $1,872,000 dsIDX morgage calculator
SIZE 4,140 sqft
LOT SIZE 6,534 sqft

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 large residence also with 2070 sq. ft, for a building total of 4140 sq. ft. 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 alone 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 portion has 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.

DAYS ON MARKET 41 LAST UPDATED 3/13/2024
TRACT St. George Island YEAR BUILT 0
COMMUNITY Franklin COUNTY Franklin
STATUS Active PROPERTY TYPE(S) Commercial


ADDITIONAL DETAILS
AREA Franklin
BUYER'S BROKERAGE COMPENSATION 1.0
LOT 6534 sq ft
SUBDIVISION St. George Island
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TOTAL MONTHLY PAYMENT

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Listing provided by Bruce A Campbell, Xcellence Realty

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