1114-1120 THOMAS DR Active

Panama City Beach,FL 32408

$ 2200000

- Bed

- Bath

- SqFt


Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Subdivision Coastal Palms Commercial

MLS Listing ID 666940

Year Built 2008

Lot Size 1.000 Acres

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

Exterior

Waterfront No

Schools

Elementary Schools Patronis

Middle Schools Surfside

High Schools Arnold

Others

Acceptable Financing Cash,Conventional,Owner May Carry

Listing Terms Cash,Conventional,Owner May Carry

View More
Favorite Go Tour