1312 Thomas Drive, Panama City Beach, FL 32408
$867,925
Property Type:
Commercial for Sale
Square Footage:
6,096
Lot Size (sq. ft.):
25,700
Status:
Sold
Current Price:
$990,000
List Date:
9/25/2023
Last Modified:
10/04/2024
Description
Income Producing Property, 100% leased with recently signed 5-year NNN lease, NOI $87,000. Property has 3 freestanding buildings comprised of office and warehouse. Building A is +/-2,400SF, with open concept workspace with multiple entries and a single fixture restroom. Building B is +/-816SF office space that has a reception/waiting room, two private offices. Building C is +/-2,880SF climate-controlled warehouse built in 2008 with 19′ peak, 12′ eaves, with a 14′ roll up door, sprayed in insulation, foundation plumbed for a restroom.
More Information MLS# 747064
Contract Info
List Price/SqFt: 162.4
List Date: 2023-09-25
List Price: $990,000
Current Price: $867,925
Sub-Type: Income Producing
Location
Sub Area: 0319 – Beach – East
Community/Resort: None
Waterfront: No
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: The subject is located on the west side of Thomas Drive, north of Patronis Drive and south of Laird Street. More generally, the property is located south of Highway 98, north of Lagoon Drive. Located directly across the street from the Naval Surface Warfare Center.
Area: 03 – Bay County – Beach
Street #: 1312
Street Name: Thomas
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Subdivision: No Named Subdivision
Parcel ID: 30158-020-000
Legal Description: 4 4S 15W -7.1A- 69B BEG 660′ N & 644.7′ E OF SW COR OF SW1/4 OF NW1/4 SELY 184.02′ TO POB TH SW 84.15′ SELY 67.4′ NELY 64.83′ SELY 47.72’TO THOMAS DR NWLY 106′ TO POB ORB 4616 P 1842
General Property Info
List Class: Commercial
Acreage: 0.59
Immediate Occupancy: No
Construction Status: Construction Complete
SqFt – Office: 3216
SqFt – Warehouse: 2880
Frontage Ft: 170
SqFt Tot Bldg: 6096
Lot Depth: 190
Year Built: 1972
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: Income Producing Property, 100% leased with recently signed 5-year NNN lease, NOI $87,000. Property has 3 freestanding buildings comprised of office and warehouse. Building A is +/-2,400SF, with open concept workspace with multiple entries and a single fixture restroom. Building B is +/-816SF office space that has a reception/waiting room, two private offices. Building C is +/-2,880SF climate-controlled warehouse built in 2008 with 19′ peak, 12′ eaves, with a 14′ roll up door, sprayed in insulation, foundation plumbed for a restroom.
Status Change Info
Sold Price/SqFt: 142.38
Sold Price/Acre: 1471059.32
Status: Sold
Under Contract Date: 2024-02-12
Sold Date: 2024-03-05
Sold Price: $867,925
Floors in Unit/Home
One: 1
Listing Office:
NAI TALCOR
Last Updated: October – 04 – 2024
Information deemed reliable but not guaranteed.