$ 2,200,000
1114-1120 THOMAS DR Panama City Beach, FL 32408
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$ 2,200,000
Est. payment /mo
Price Dropped by $200K
1114-1120 THOMAS DR Panama City Beach, FL 32408
1 Acres Lot
UPDATED:
10/04/2024 02:50 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Coastal Palms Commercial
MLS Listing ID 666940
HOA Y/N No
Year Built 2008
Lot Size 1.000 Acres
Acres 1.0
Property 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.
Location
State FL
County Bay
Area 03 - Bay County - Beach
Interior
Fireplace No
Exterior
Waterfront No
Building
Entry Level One
Level or Stories One
Schools
Elementary Schools Patronis
Middle Schools Surfside
High Schools Arnold
Others
Tax ID 30159-400-114
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
Listed by Varnes Realty