163 Gulf Beach Dr, St. George Island, FL 32328

Description: 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 $5000/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. Original list price of $1,299,000 is much less than the Zillow Estimate of $1,612,000 (Zillow Estimate of 1st floor = $990,000 and 2nd floor = $622,000).

0.1500 Acres

4140 Sq.Ft

Forgotten Coast Realtor Association Listing Number: 321557