PROPERTY 1114-1120 Thomas Drive, Panama City Beach, FL 32408, MLS#783178

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PRICED AT ONLY: $2,200,000

Address: 1114-1120 Thomas Drive, Panama City Beach, FL 32408

Description

The structure is a Class A, Retail/Office, 6,901 square feet building with tremendous upside. It is constructed of concrete poured block and steel beam supported ceilings. The roof is tile and one piece member of rubber. It is equipped with a complete fire sprinkler system and is monitored on a 24/7 basis. The complex also has ample parking and excellent signage on Thomas Drive. The building consists of 2 units with one at 4985 square feet and the other at 1916 square feet. Taylor's Restaurant (previously Egg & I Restaurant) currently occupies the 4985 square feet unit. They are currently in their 3rd 5 year lease term. Realty One Group of the Emerald Coast occupies the remaining 1916 square feet of the building. They have a 2 year lease which ends Sept 2025.

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MLS#: 783178 ( CommercialSale )
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Street Address: 1114-1120 Thomas Drive
Viewed: 49
Price: $2,200,000
Price sqft: $294
Waterfront: No
Year Built: 2008
Bldg sqft: 7487
Days On Market: 125
Acreage: 1.00 acres

Additional Information
Geolocation: 30.1742 / -85.7605
County: BAY
City: Panama City Beach
Zipcode: 32408
Subdivision: Coastal Palms Commercial
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Provided by: Varnes Realty
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Features

Building and Construction

Covered Spaces: 0.00

Living Area: 0.00

School Information

High School: Arnold

Middle School: Surfside

School Elementary: Patronis

Garage and Parking

Garage Spaces: 0.00

Open Parking Spaces: 0.00

Utilities

Carport Spaces: 0.00

Finance and Tax Information

Home Owners Association Fee: 0.00

Insurance Expense: 0.00

Net Operating Income: 0.00

Other Expense: 0.00

Pet Deposit: 0.00

Security Deposit: 0.00

Trash Expense: 0.00

Other Features

Legal Description: COASTAL PALMS COMMERCIAL LOT 7 ORB 3126 P 287

Area Major: 03 - Bay County - Beach

Occupant Type: Occupied

Parcel Number: 30159-400-114

Possible Use: Restaurant

The Range: 0.00

Views: 49

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Details for 2532 Joan Avenue, Panama City, FL 32408

$2,500,000.00 ($277.78 / sqft )

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Future proof pcb asset: 9,000 sf 2022 build with 10 story vertical potential seize a premier 0. 998 acre commercial footprint on joan avenue, positioned directly in a high growth corridor evidenced

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Approx. 9000 sqft
Approx. 1.00 acres

MLSID: 785853
Provided by CENTURY 21 Ryan Realty Inc
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