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1114-1120 Thomas Drive
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PRICED AT ONLY: $2,200,000

Address: 1114-1120 Thomas Drive, Panama City Beach, FL 32408

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.

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  • MLS#: 666940 ( CommercialSale )
  • Street Address: 1114-1120 Thomas Drive
  • Viewed: 12
  • Price: $2,200,000
  • Price sqft: $294
  • Waterfront: No
  • Year Built: 2008
  • Bldg sqft: 7487
  • Acreage: 1.00 acres

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.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
School Information
  • High School: Arnold
  • Middle School: Surfside
  • School Elementary: Patronis
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Utilities
  • Carport Spaces: 0.00
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Trash Expense: 0.00
Other Features
  • Legal Description: COASTAL PALMS COMMERCIAL LOT 7 ORB 3126 P 287
  • Levels: One
  • Area Major: 03 - Bay County - Beach
  • Occupant Type: Occupied
  • Parcel Number: 30159-400-114
  • The Range: 0.00
  • Views: 12
Nearby Subdivisions
Bel Air   Coastal Palms Commercial   Crescent Beach Unit 1   Greentree Unit-1   Holiday Beach Unit 10   Holiday Beach Unit 4   Laketown Wharf   No Named Subdivision  
Similar Properties

Details for 6908 Thomas Drive, Panama City Beach, FL 32408
$2,300,000.00 ($329.28 / sqft )

6908 Thomas Drive More Like This

Attention INVESTORS, BUILDERS, AND ENTREPRENEUR'S, Look no further, this property is for YOU! Zoned C1 Neighborhood Commercial, this .95 acre parcel, with a beautiful GULF VIEW, Includes 7 lots total

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  1. Approx. 6985 sqft
  1. MLSID: 742839
  2. Provided by Own It Real Estate LLC
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