Listing photo for 1114-1120 Thomas Drive, Panama City Beach, FL
Listing photo for 1114-1120 Thomas Drive, Panama City Beach, FL
Listing photo for 1114-1120 Thomas Drive, Panama City Beach, FL
Listing photo for 1114-1120 Thomas Drive, Panama City Beach, FL
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1114-1120 Thomas Drive,

Panama City Beach, FL

$2,100,000

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

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Facts & Features
MLS® # 666940
Price $2,100,000
Bathrooms 0.00
Acres 1.00
Year Built 2008
Type Commercial Sale
Sub-Type Other
Status Active
Listing Office Varnes Realty
Community Information
Address 1114-1120 Thomas Drive
Area 03 - Bay County - Beach
Subdivision Coastal Palms Commercial
City Panama City Beach
County Bay
State FL
Zip Code 32408
Amenities
Is Waterfront No
Has Pool No
Interior
Has Basement No
Fireplace No
Stories 1
School Information
Elementary Patronis
Middle Surfside
High Arnold
Additional Information
Date Listed January 17th, 2018
Foreclosure No
Short Sale No
RE / Bank Owned No
Listing Details
Office Varnes Realty
Photo of Scott Gordon

Scott Gordon

Office: 850-898-1205
Cell: 850-532-4142

DISCLAIMER: IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Source: Bay County Association Of REALTORS® Multiple Listing Service