Skip To Content

1114-1120 Thomas Drive

Panama City Beach, FL 32408
  • $2,100,000
  • STATUS: Active
  • ON SITE: 1586 Days
  • MLS #: 666940
UPDATED: 28 min ago
$2,100,000
  • 0
    BEDS
  • 1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2008
County:
Bay

School Information

Elementary School:
Middle School:
High School:

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 currently occupies the 4985 square feet unit. They are currently in their 2nd 5-year lease term. Annual rent plus CAM is $103,611. Realty One Group Emerald Coast occupies the remaining 1916 square feet of the building. They have a 2-year lease which started Sept 2021. Current rental income is

Monthly Payment Calculator



© 2022 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Blue Swell Realty. Data last updated: 2022-05-23T20:04:01.507.
www.blueswellrealty.com/homes/80046125
Print Image

1114-1120 Thomas Drive Panama City Beach, FL 32408

  • Price: $2,100,000
  • Status: Active
  • On Site: 1586 Days
  • Updated: 28 min ago
  • MLS #: 666940
0
Beds
0
Baths
0
½ Baths
1
Acres
2008
Built
Neighborhood:
Coastal Palms Commercial
County:
Bay
Area:
Bay County-Beach
Elementary School:
Patronis
Middle School:
Surfside
High School:
Arnold
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 currently occupies the 4985 square feet unit. They are currently in their 2nd 5-year lease term. Annual rent plus CAM is $103,611. Realty One Group Emerald Coast occupies the remaining 1916 square feet of the building. They have a 2-year lease which started Sept 2021. Current rental income is
Exterior Features

Levels One Stories 1

Property Features

Association YN No Building Area Total 7487 Listing Agreement Exclusive Right To Sell Listing Terms CashConventionalOwner May Carry Occupant Type Occupied Possible Use Restaurant Property Sub Type Other Property Sub Type Additional Other Waterfront YN No

Listing provided courtesy of Varnes Realty. Listing information © 2022 Central Panhandle Association of Realtors MLS.


© 2022 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Blue Swell Realty. Data last updated: 2022-05-23T20:04:01.507.
 
https://bt-photos.global.ssl.fastly.net/panamacity/1280_boomver_1_666940-2.jpg https://bt-photos.global.ssl.fastly.net/panamacity/1280_boomver_1_666940-2.jpg https://bt-photos.global.ssl.fastly.net/panamacity/1280_boomver_1_666940-2.jpg
Logo
Blue Swell Realty
17633 Ashley Drive, Building 2
Panama City Beach FL, 32413