1114-1120 Thomas Drive, Panama City Beach, FL 32408 (MLS# 783178)

1114-1120 Thomas Drive, Panama City Beach, FL 32408

$2,200,000

Property Type: Commercial for Sale Square Footage: 7,487 Lot Size (sq. ft.): 43,560 Status: Active

Current Price: $2,200,000 List Date: 1/04/2026 Last Modified: 1/04/2026

Overview

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. Taylor’s Restaurant (previously Egg & I Restaurant) currently occupies the 4985 square feet unit. They are currently in their 3rd 5-year lease term. Realty One Group of the Emerald Coast occupies the remaining 1916 square feet of the building. They have a 2-year lease which ends Sept 2025.

Listing Details MLS# 783178

Contract Info

List Price/SqFt: 293.84
Sub-Type: Other

Location

Area: 03 – Bay County – Beach
Street #: 1114-1120
Street Name: Thomas
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0319 – Beach – East
Subdivision: Coastal Palms Commercial
Community/Resort: None
Waterfront: No
Parcel ID: 30159-400-114
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: FROM HATHAWAY BRIDGE SOUTH ON THOMAS DRIVE. PROPERTY LOCATED ACROSS FROM THE NAVAL COASTAL CENTER.
Legal Description: COASTAL PALMS COMMERCIAL LOT 7 ORB 3126 P 287

General Property Info

List Class: Bar/Restaurant
Construction Status: Construction Complete
Acreage: Yes
SqFt Tot Bldg: 7487
Year Built: 2008

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: 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. Taylor's Restaurant (previously Egg & I Restaurant) currently occupies the 4985 square feet unit. They are currently in their 3rd 5-year lease term. Realty One Group of the Emerald Coast occupies the remaining 1916 square feet of the building. They have a 2-year lease which ends Sept 2025.

More Information

Office/Member Info

Seller Concessioins: No

Financing

Cash: Yes
Conventional: Yes
Seller Financing: Yes

Floors in Unit/Home

One: Yes

Transport. Access

4-Lane: Yes

Property Features

Financing: Cash; Conventional; Seller Financing

Listing Office: Varnes Realty

Last Updated: January – 04 – 2026

Information deemed reliable but not guaranteed.