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  • Price$2,100,000
  • SQ. Feet6,749
  • Acres0.75
  • Built2008

1136 Thomas Drive, Panama City Beach

THE PROPERTY CONSISTS OF 5422 SQUARE FEET OF RENTABLE SPACE CURRENTLY OCCUPIED BY DICK'S WINGS WITH A TRIPLE NET LEASE. THE BUILDING CONSISTS OF BOTH INSIDE AND OUTSIDE DINING, PLUS AMPLE PARKING AND EXCELLENT SIGNAGE ON THOMAS DRIVE. THE PROPERTY IS LOCATED DIRECTLY ACROSS THE NAVAL COASTAL SYSTEMS CENTER. THOMAS DRIVE IS THE MAIN TOURIST ARTERY THAT SERVES THE EAST END OF THE BEACH. OTHER RETAIL IN THE AREA INCLUDE EGG & I RESTAURANT, PC BEACH YOGA, DUNKIN DONUTS, BURGER KING, RUPERT'S CLEANERS, BRUSTER'S ICE CREAM, ROSE'S NAILS, AND ALSO LAQUINTA HOTEL. CURRENT CAP RATE IS 4.4 WITH AN INCREASE TO 5.7 IN JULY 2018.

Essential Information

  • MLS® #666830
  • Price$2,100,000
  • Square Footage6,749
  • Acres0.75
  • Year Built2008
  • TypeCommercial Sales
  • Sub-TypeIncome Producing
  • StyleBar/Restaurant
  • StatusActive

Amenities

  • UtilitiesElectric, Internet - Broadband Available, Public Sewer, Public Water, TV Cable, Gas - Natural

Exterior

  • Lot DescriptionCleared, Landscaped, Interior Location, Level, Survey
  • ConstructionFoundation - Slab on Grade, Roof - Metal, Siding - Hardie Board, Siding - Stucco, Trim - Aluminum

Additional Information

  • Date ListedJanuary 15th, 2018
  • Days on Market580
  • HOA$0

Community Information

  • Address1136 Thomas Drive
  • Area03 - Bay County - Beach
  • SubdivisionCoastal Palms Commercial
  • CityPanama City Beach
  • CountyBay
  • StateFL
  • Zip Code32408

Interior

  • HeatingAC - Central, AC - HVAC, Heat - Central Electric, Heat - HVAC
  • # of Stories1

School Information

  • ElementaryPatronis
  • MiddleSurfside
  • HighArnold

Listing Details

  • Listing OfficeVarnes Realty
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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