1114-1120 Thomas Drive

    Panama City Beach, FL 32408
    • $2,100,000
    • STATUS: Active
    • ON SITE: 334 days
    • MLS #: 666940
    UPDATED: 72 min ago
    $2,100,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2008
    County:
    Bay

    School Ratings & Info

    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. Egg and I Restaurant currently occupies the 4985 square feet unit. Legacy Cabinets currently occupies the 1916 square feet unit. This Class A Structure is located on Thomas Drive directly across from the Naval Support System. Thomas Drive is the main tourist artery that serves the beaches. Other retail in thearea include Dunkin Donuts, Burger King, Rose's Nails, Rupert's Cleaners, 4M Engineering, Nephrology Associates, and Fatty Patty Restaurant and Bakery. Also included is the LaQuinta Hotel. All Leases are Triple Net Leases. Tremendous Upside!. SELLER IS OFFERING FINANCING WITH 25% DOWN, PAYMENTS BASED ON A 30 YEAR TERM WITH A 10 YEAR CALL. INTEREST RATE AT MARKET RATE. Additional Property available in the same Complex. SEE MLS 666930 and 666936,

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    © 2018 Central Panhandle Association of Realtors MLS. All rights reserved. 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 is deemed reliable but is not guaranteed accurate by the MLS or Scenic Sotheby's International Realty. Data last updated: 2018-12-18T17:09:10.837.
    www.scenicsir.com/homes/80046125

    1114-1120 Thomas Drive Panama City Beach, FL 32408

    • Price: $2,100,000
    • Status: Active
    • Updated: 72 min ago
    • MLS #: 666940
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2008
    Built
    Neighborhood:
    Coastal Palms Commercial
    County:
    Bay
    Area:
    Bay County-Beach
    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. Egg and I Restaurant currently occupies the 4985 square feet unit. Legacy Cabinets currently occupies the 1916 square feet unit. This Class A Structure is located on Thomas Drive directly across from the Naval Support System. Thomas Drive is the main tourist artery that serves the beaches. Other retail in thearea include Dunkin Donuts, Burger King, Rose's Nails, Rupert's Cleaners, 4M Engineering, Nephrology Associates, and Fatty Patty Restaurant and Bakery. Also included is the LaQuinta Hotel. All Leases are Triple Net Leases. Tremendous Upside!. SELLER IS OFFERING FINANCING WITH 25% DOWN, PAYMENTS BASED ON A 30 YEAR TERM WITH A 10 YEAR CALL. INTEREST RATE AT MARKET RATE. Additional Property available in the same Complex. SEE MLS 666930 and 666936,
    Exterior Features

    Construction Status Construction Complete Transport Access 4-Lane

    Interior Features

    Sq Ft Total Building 7487.00

    Property Features

    Commercial Sale Sub Type Other Community Resort None Financing CashConventionalOwner Hoa Fee No List Class Bar/Restaurant Occupancy Status Occupied

    Listing provided courtesy of Varnes Realty. Listing information © 2018 Central Panhandle Association of Realtors MLS.


    © 2018 Central Panhandle Association of Realtors MLS. All rights reserved. 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 is deemed reliable but is not guaranteed accurate by the MLS or Scenic Sotheby's International Realty. Data last updated: 2018-12-18T17:09:10.837.
     
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