1000 THOMAS Drive, Panama City Beach, FL 32408 (MLS# 655318)

1000 THOMAS Drive, Panama City Beach, FL 32408

$1,750,000

Property Type: Residential Land Lot Size (sq. ft.): 1,759,824 Status: Sold

Current Price: $1,750,000 List Date: 1/16/2018 Last Modified: 10/01/2024

Overview

Description

BANK FORECLOSURE OPPORTUNITY: 40.4 Acre of land in an incredible location with a multitude of possibilities. Approved density is R-5 (multi-family 15 units per acre) with a maximum height of 10 stories along with Approximately 8 acres of C-3 commercial zoning of. High traffic area. Class A Retail fronts most of this property with several national chains anchoring it. LaQunita, UPS, SAKE Sushi House, and many other major restaurants and retailers provide an additional value add to this property. Click on additional pictures for architectural appeal and layout of front retail development. Close proximity to Bay Point, Preserve, St. Andrews State Park, Nationally recognized golf courses (Jack Nicklaus design course)

Supplements: Nationally recognized restaurants (Captain Andersons), and the worlds most beautiful beaches. Directly across Thomas Drive is the Naval Surface Warfare Center Panama City Division which employs in excess of 2,000 civilian and military personnel WITH $117 MILLION IN DIRECT PAYROLL. All information estimated and should be verified by seller if import … (Read more)

Listing Details MLS# 655318

Contract Info

List Price/Acre: 48267.33

Location

Street #: 1000
Street Name: THOMAS
Street Suffix: Drive
Area: 03 – Bay County – Beach
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0319 – Beach – East
Subdivision: No Named Subdivision
Community/Resort: None
Waterfront: No
Parcel ID: 30157-000-0000
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: Take Hwy 98 W to Intersection of Thomas Drive and Hwy 98. Head S on Thomas Drive to Coastal Palms. Property located on W side of Coastal Palms, behind LaQuinita and other out parcels.
Legal Description: 4/5 4S 15W -6- 69B BEG AT SELY COR OF LOT 8 IN SEC 5 TH W 1320' N 1320' E TO W LINE OF (OLD SHELL RD) THOMAS DR TH SLY ALG R/W TO S LINE LOT 7 SEC 4 TH W TO POB LESS PRCLS LESS -6.8- SUBJ TO CONS ESMT OR 2908 P125 ORB 3186 P 2362

General Property Info

Sub-Type: Vacant Land
Lot Dimensions: multiple
Acreage: 40.4

Status Change Info

Under Contract Date: 2018-01-30
Sold Date: 2018-04-30
Sold Price/Acre: 43316.83

Listing Info, Tax & Legal

HOA Fee: No
Last Taxes: 19945
Last Tax Year: 2016
As Is: Yes

Remarks & Misc

Remarks: BANK FORECLOSURE OPPORTUNITY: 40.4 Acre of land in an incredible location with a multitude of possibilities. Approved density is R-5 (multi-family 15 units per acre) with a maximum height of 10 stories along with Approximately 8 acres of C-3 commercial zoning of. High traffic area. Class A Retail fronts most of this property with several national chains anchoring it. LaQunita, UPS, SAKE Sushi House, and many other major restaurants and retailers provide an additional value add to this property. Click on additional pictures for architectural appeal and layout of front retail development. Close proximity to Bay Point, Preserve, St. Andrews State Park, Nationally recognized golf courses (Jack Nicklaus design course)

More Information

Financing

Cash: Yes
Conventional: Yes

Lot Access

Paved Road: Yes

Present Zoning

Resid Multi-Family: Yes

Utilities

Electric – On-Site: Yes
Public Sewer Available: Yes
Water Connected: Yes

Sale Type

REO: Yes
REO/Foreclosed: Yes

Property Features

Financing: Cash; Conventional Lot Access: Paved Road Sale Type: REO; REO/Foreclosed Utilities: Electric – On-Site; Public Sewer Available; Water Connected Present Zoning: Resid Multi-Family

Listing Office: Hitchcock Real Estate LLC

Last Updated: October – 01 – 2024

Information deemed reliable but not guaranteed.