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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