5711 E Highway 98, Panama City, FL 32404
$11,000,000
Property Type:
Commercial for Sale
Square Footage:
32,400
Lot Size (sq. ft.):
81,893
Status:
Active
Current Price:
$11,000,000
List Date:
4/16/2026
Last Modified:
4/21/2026
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...
More Information MLS# 788472
Contract Info
List Price/SqFt: 339.51
List Date: 2026-04-15
List Price: $11,000,000
Current Price: $11,000,000
Sub-Type: Hotel/Motel
Location
Sub Area: 0202 - Bay - Central SE
Community/Resort: None
Waterfront: No
Business Name: Quality Inn
Elementary School: Tyndall
Middle School: Everitt
High School: Rutherford
Directions: 3 miles West of Tyndall Air Force Base on your right off of Tyndall Pkwy / Hwy 98 E.
Area: 02 - Bay County - Central
Street #: 5711
Street Direction: E
Street Name: Highway 98
State: FL
Zip Code: 32404
County: Bay
Subdivision: [No Recorded Subdiv]
Parcel ID: 25818-040-000
Legal Description: 24 4S 14W -67.4- 119D4 BEG WLY COR LOT 7 BAY FRONT U-5 TH NELY 411.42' NWLY 199.89' SWLY 409.42' SELY 200.02' TO POB ORB 3686 P 1089
General Property Info
List Class: Motel/Hotel
Site Dimensions: 410x200
Acreage: 1.88
Construction Status: Under Construction
# of Units: 90
SqFt Unit: 324
# of Stories in Building: 2
Frontage Ft: 410
SqFt Tot Bldg: 32400
Lot Depth: 200
Lot SqFt: 82000
Ceiling Height: 8
Year Built: 2025
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: 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...
Construction/Siding
Block: 1
Concrete: 1
Floor - Concrete: 1
Floor - Vinyl: 1
Roof - Shingle/Shake: 1
Roof - Sloping: 1
Energy
AC - Window/Wall: 1
Heat - Wall/Window: 1
Water Heater - Electric: 1
Financing
Cash: 1
Conventional: 1
Present Zoning
General Commercial: 1
Utilities
All Maintenance: 1
All Utilities: 1
TV Cable: 1
Internet - Broadband Available: 1
Public Sewer - Connected: 1
Water Connected: 1
Sale Type
As Is: 1
Business/Property
Freestanding Building: 1
Furnished - All: 1
Handicapped Access: 1
Laundry Facilities: 1
Office Area: 1
Floors in Unit/Home
One: 1
Heating/Cooling
AC - Window Unit(s): 1
Offering Type
Business Name: 1
Good Will: 1
Inventory: 1
Sale Only: 1
Pricing Type
Sale Price: 1
Site Description
Cleared: 1
Transport. Access
4-Lane: 1
Access - Intracoastal: 1
Divided Highway: 1
Paved: 1
Status Change Info
Status: Active
Property Features
Energy: AC - Window/Wall; Heat - Wall/Window; Water Heater - Electric
Financing: Cash; Conventional
Offering Type: Business Name; Good Will; Inventory; Sale Only
Pricing Type: Sale Price
Present Zoning: General Commercial
Sale Type: As Is
Site Description: Cleared
Utilities: All Maintenance; All Utilities; Internet - Broadband Available; Public Sewer - Connected; Water Connected; TV Cable
Listing Office:
Counts Real Estate Group Inc
Last Updated: April - 21 - 2026
Information deemed reliable but not guaranteed.