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

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$1,299,000

bedrooms

bathrooms

square feet

4,140

Acreage

0.15

Open Houses

year built

2001

Full Baths

Half Baths

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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).

Location
Subdivision	No Named Subdivision
County	-
Elementary School	-
Middle School	-
High School	-

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None scheduled.

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MLS number: 321557

Listing agent: Bruce Campbell

Listing broker: Reciprocal Office

Copyright © 2025 Realtor® Association of Franklin & Gulf Counties. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Wednesday, April 30 2025 at 8:08 a.m. EDT

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