Acres1
Year2008
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Status:
Active
Property Type:Commercial
MLS #:666940
On Site:798 Days
Lot Size:1 Acres
County:Bay
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
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Community Information
Address:1114-1120 Thomas Dr, Panama City Beach, FL 32408
County:Bay
City:Panama City Beach
Subdivision/Condo:Coastal Palms Commercial
Zip Code:32408
SubArea:0319 - Beach - East
Property Features
Lot Size:
1 Acres
Directions:FROM HATHAWAY BRIDGE, SOUTH ON THOMAS DRIVE, PROPERTY LOCATED ACROSS FROM NAVAL COASTAL SYSTEMS CENTER ENTRY GATE.
Tax and Financial Info
Terms: Cash, Conventional, OwnerMayCarry
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1114-1120 Thomas Dr Panama City Beach, FL 32408
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Listing Information Last Updated 3/28/2024
Listing provided courtesy of Varnes Realty.
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The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.