About This Home

This 0-bedroom, 0-bathroom commercial at 5711 E Highway 98 in Panama City, FL is listed for $10,000,000 ($309 per sqft). Built in 2025, the home offers 32,400 sqft of living space on a 1.88 acres lot.

Key Features

  • Built in 2025
  • 1.88 acre lot
  • 2 stories

Property Details

2 stories
2025
Listing Description

Property has been re-built from the ground up; so everything is brand new even the parking lot. This opportunity is about 95% complete. The asking price is about half of the true value. 90 rooms and another 6 or so comprising of the Lobby, Electrical, Washer and Dryer area etc. All of the furniture is in and the TV's are hung. It was formerly known as The Labrisa Inn. It is located just down the street from the new Tyndall Air Force Base. More pics and drone footage coming soon...

Monthly Cost Estimate

$53,482/mo

20% down · 6.5% · 30 years

Principal$7,232
Interest$43,333
Insurance$2,917

Estimates only. Actual payments may vary.

Location

5711 E Highway 98

Panama City, FL 32404

[No Recorded Subdiv]

Property Details

Flooring

Concrete

Construction

Block Concrete VinylSiding

Cooling

Window Unit(s)

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 5711 E Highway 98 is listed at $10,000,000 ($309/sqft). The estimated monthly payment is $53,482 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2025, 1.88 acre lot, 2 stories.

This property is listed by J3/Jim H Hodges.

JH

J3/Jim H Hodges

License 0583553

Agent at Counts Real Estate Group Inc

Listed by Counts Real Estate Group Inc · Broker phone: (850) 249-3615 · Broker website

MLS# 788472· Source: Central Panhandle Association of REALTORS· 197 days on PropertySimple

Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5711 E Highway 98, Panama City, FL 32404

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