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

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).