$2,800,000
Panama City Beach, FL 32408
MLS# 720337
Status: Sold
15204 sqft
1 / 6
Property Description
Excellent Commercial investment opportunity. Fully leased Commercial building with 5 total tenants. The leases are under the early stage of 5 year leases. The only unit not currently under a long term lease has been there for over 10 years and are not planning on leaving antime soon. PRIME PRIME location in a very busy section of Thomas Drives busiest stretch of restaurants,shops and high end residential neighbourhoods. The strategic location sides on two main corridors as well as a third street. This intersection is the first and only thoroughfare to take you from the most Eastern boundary of Thomas Dr all the way west to the most Western boundary of the Thomas Drive in one straight access. Very busy corner with strong daily traffic counts. Excellent tax exchange opportunity.
Details
Maps
Contract Info
List Price/SqFt: 194.03
List Date: 2021-12-16
List Price: $2,950,000
Current Price: $2,800,000
Sub-Type: Income Producing
Location
Unit #: 2908
Sub Area: 0319 - Beach - East
Community/Resort: None
Waterfront: Yes
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: Traveling south on Thomas Drive from Hwy 98, continue south until you pass Magnolia drive and the property is another 1/2 mile on the right. The property abutts the 3 corner of Thomas Drive Daniel St and North Lagoon Drive.
Area: 03 - Bay County - Beach
Street #: 2900
Street Name: Thomas
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Subdivision: Port Lagoon
Parcel ID: 31144-010-010
Legal Description: PORT LAGOON (1.04) 69C4 LOTS 1, 2, 12, 13 & PART OF LOTS 14 & 22 BLK 3 DESC AS: COM AT MOST SELY COR LOT 1 ALSO BEING INTERSECT OF NWLY R/W OF DANIEL ST & WLY R/W THOMAS DR FOR POB TH SWLY ALG DANIEL ST 191.22' TO INTER SECT WITH N R/W N LAGOON DR TH NWLY 205.36' NELY 141.28' TO NELY BNDRY LOT 14 SELY 5.17 NELY 205.88' SELY 179.26' TO POB ORB 1154 P 1777 ORB 4181 P 636
General Property Info
List Class: Commercial
Acreage: 1.45
Construction Status: Construction Complete
SqFt Unit: 15204
SqFt HVAC: 15204
# of Stories in Building: 1
SqFt Tot Bldg: 15204
CAM Area Fee: 3.5
CAM Per: Monthly
Year Built: 1999
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: Excellent Commercial investment opportunity. Fully leased Commercial building with 5 total tenants. The leases are under the early stage of 5 year leases. The only unit not currently under a long term lease has been there for over 10 years and are not planning on leaving antime soon. PRIME PRIME location in a very busy section of Thomas Drives busiest stretch of restaurants,shops and high end residential neighbourhoods. The strategic location sides on two main corridors as well as a third street. This intersection is the first and only thoroughfare to take you from the most Eastern boundary of Thomas Dr all the way west to the most Western boundary of the Thomas Drive in one straight access. Very busy corner with strong daily traffic counts.
Excellent tax exchange opportunity.
Status Change Info
Sold Price/SqFt: 184.16
Sold Price/Acre: 1931034.48
Status: Sold
Under Contract Date: 2022-01-10
Sold Date: 2022-05-17
Sold Price: $2,800,000
Construction/Siding
Floor - Tile: 1
Foundation - Slab on Grade: 1
Roof - Flat: 1
Financing
Cash: 1
Conventional: 1
Present Zoning
Commercial: 1
Association Amenities
Dumpster: 1
Utilities
All Utilities: 1
Public Sewer - Connected: 1
Water Connected: 1
Waterfront Type
See Remarks: 1
Floors in Unit/Home
One: 1
Offering Type
Sale with Lease: 1
Pricing Type
Sale Price: 1
Transport. Access
2-Lane: 1
4-Lane: 1
County Road: 1
Property Features
Financing: Cash; Conventional
Offering Type: Sale with Lease
Pricing Type: Sale Price
Present Zoning: Commercial
Utilities: All Utilities; Public Sewer - Connected; Water Connected
Waterfront Type: See Remarks
Listing Office: Counts Real Estate Group Inc
Last Updated: October - 04 - 2024
Information deemed reliable but not guaranteed.