1312 Thomas Drive, Panama City Beach, FL 32408 (MLS# 747064)

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: $867,925 List Date: 9/25/2023 Last Modified: 10/04/2024

Overview

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.

Listing Details MLS# 747064

Contract Info

List Price/SqFt: 162.4
Sub-Type: Income Producing

Location

Area: 03 – Bay County – Beach
Street #: 1312
Street Name: Thomas
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0319 – Beach – East
Subdivision: No Named Subdivision
Community/Resort: None
Waterfront: No
Parcel ID: 30158-020-000
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.
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
Immediate Occupancy: No
Construction Status: Construction Complete
Acreage: 0.59
Frontage Ft: 170
Lot Depth: 190
SqFt – Office: 3216
SqFt – Warehouse: 2880
SqFt Tot Bldg: 6096
Year Built: 1972

Status Change Info

Under Contract Date: 2024-02-12
Sold Date: 2024-03-05
Sold Price/SqFt: 142.38
Sold Price/Acre: 1471059.32

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.

More Information

Floors in Unit/Home

One: Yes

Listing Office: NAI TALCOR

Last Updated: October – 04 – 2024

Information deemed reliable but not guaranteed.