Panama City Beach, FL 32408,1114-1120 THOMAS DR
Panama City Beach, FL 32408,1114-1120 THOMAS DR
Panama City Beach, FL 32408,1114-1120 THOMAS DR
Panama City Beach, FL 32408,1114-1120 THOMAS DR
Panama City Beach, FL 32408,1114-1120 THOMAS DR
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$ 2,200,000
Est. payment | /mo

1 Acres Lot


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$ 2,200,000
Est. payment | /mo
Save

1 Acres Lot

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

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

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Scarlett Napolitano

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1114-1120 THOMAS DR