Active
1114-1120 THOMAS Drive
Panama City Beach FL, 32408
$2,100,000
$280.49 per sqft
Active
7,487 sqft
Commercial
Built in 2008
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
666940
MLSⓇ ID
January 17, 2018
Listed
February 16, 2024
Updated
Map
1114-1120 THOMAS Drive
Panama City Beach FL, 32408
Interior Features
Total Stories
1
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
1 Acre
School Information
High School
Arnold
Elementary School
Patronis
Other Property Details
Area Name
03 - Bay County - Beach
Days on Market
2128
Garage
No
View
No
County
Bay
Pool
No
Buyer Agency Compensation
3%
Courtesy of Varnes Realty, Ken J Varnes,
Listing Contact: (850) 896-0910
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Salty Marlin Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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