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  • Price$2,100,000
  • SQ. Feet7,487
  • Built2008

1114-1120 Thomas Drive, Panama City Beach

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

Essential Information

  • MLS® #666940
  • Price$2,100,000
  • Square Footage7,487
  • Acres0.00
  • Year Built2008
  • TypeCommercial Sales
  • Sub-TypeOther
  • StyleBar/Restaurant
  • StatusActive

School Information

  • ElementaryPatronis
  • MiddleSurfside
  • HighArnold

Listing Details

  • Listing OfficeVarnes Realty

Community Information

  • Address1114-1120 Thomas Drive
  • Area03 - Bay County - Beach
  • SubdivisionCoastal Palms Commercial
  • CityPanama City Beach
  • CountyBay
  • StateFL
  • Zip Code32408

Additional Information

  • Date ListedJanuary 17th, 2018
  • Days on Market811
  • HOA$0
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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