3123 Thomas Drive, Panama City Beach, FL 32408
$1,500,000
Property Type:
Commercial for Sale
Square Footage:
7,600
Lot Size (sq. ft.):
33,541
Status:
Sold
Current Price:
$1,500,000
List Date:
2/19/2020
Last Modified:
10/04/2024
Overview
Description
Listing Details MLS# 681545
Contract Info
- List Price/SqFt
- 220.39
- Sub-Type
- Income Producing
Location
- Area
- 03 – Bay County – Beach
- Street #
- 3123
- Street Name
- Thomas
- Street Suffix
- Drive
- State
- FL
- Zip Code
- 32408
- County
- Bay
- Sub Area
- 0319 – Beach – East
- Business Name
- LAGOON PLAZA
- Subdivision
- No Named Subdivision
- Community/Resort
- None
- Waterfront
- No
- Parcel ID
- 30933-035-000
- Section
- 9
- Township
- 4S
- Range
- 15W
- Elementary School
- Patronis
- Middle School
- Surfside
- High School
- Arnold
- Directions
- From the Hathaway Bridge, travel south on Thomas Drive towards the beach. Lagoon Plaza is located on the east-side of Thomas Drive just before the signalized intersection of North Lagoon at Captain Anderson's Restaurant.
- Legal Description
- BAY POINT UNIT 1 (3.035) 69C4 TRACT G ORB 1915 P 1409 ORB 2256 P 1080 MAP 69C4 ORB 2323 P 968 ORB 2460 P 383
General Property Info
- List Class
- Commercial
- Immediate Occupancy
- No
- Construction Status
- Construction Complete
- # of Units
- 6
- Acreage
- 0.77
- Frontage Ft
- 231
- Lot Depth
- 140
- Lot SqFt
- 33541
- SqFt HVAC
- 7600
- SqFt Retail
- 7600
- SqFt Tot Bldg
- 7600
- Year Built
- 2004
Status Change Info
- Under Contract Date
- 2021-04-18
- Sold Date
- 2021-06-08
- Sold Price/SqFt
- 197.37
- Sold Price/Acre
- 1948051.95
Income Producing
- Year Built
- 2004
- Building SqFt
- 7600
- Net Operating Income
- 129986
- Cap Rate
- 8
Listing Info, Tax and Legal
- HOA Fee
- No
More Information
Remarks & Misc
- Remarks
- Fantastic investment opportunity in Panama City Beach. Lagoon Plaza is located on south Thomas Drive at the west entry gate to Bay Point and just north of Captain Anderson's and the signalized intersection of North Lagoon Drive. Call for detailed financials and lease information. Please do not disturb the tenants. The building had minor damage from Hurricane Michael, and the repairs are now complete. The seller has also installed a new roof. Call for detailed financials and lease information. Please do not disturb the tenant
Construction/Siding
- Floor – Concrete
- Yes
- Floor – Tile
- Yes
- Floor – W/W Carpet
- Yes
- Foundation – Slab on Grade
- Yes
- Wood/Frame
- Yes
- Roof – Dimensional Shg
- Yes
- Roof – Membrane
- Yes
- Roof – Metal
- Yes
- Siding – Stucco
- Yes
Energy
- AC – 2 or More
- Yes
Financing
- Conventional
- Yes
Present Zoning
- Commercial
- Yes
- County
- Yes
Utilities
- All Utilities
- Yes
- TV Cable
- Yes
- Electric 220/240
- Yes
- Electricity – Availabile
- Yes
- Natural Gas – Available
- Yes
- Phone – Connected
- Yes
- Public Sewer – Connected
- Yes
- Water Connected
- Yes
Accessibility Features
- Accessible Approach with Ramp
- Yes
- Accessible Entrance
- Yes
- Accessible Hallway(s)
- Yes
Floors in Unit/Home
- One
- Yes
Heating/Cooling
- AC – Entire
- Yes
Offering Type
- Sale with Lease
- Yes
Pricing Type
- Sale Price
- Yes
Site Description
- Corner Location
- Yes
Transport. Access
- 2-Lane
- Yes
- 5 or More Lanes
- Yes
- Center Turn Lane
- Yes
Property Features
Accessibility Features:
Accessible Approach with Ramp; Accessible Entrance; Accessible Hallway(s)
Energy:
AC – 2 or More
Financing:
Conventional
Offering Type:
Sale with Lease
Pricing Type:
Sale Price
Present Zoning:
Commercial; County
Site Description:
Corner Location
Utilities:
All Utilities; Electric 220/240; Electricity – Availabile; Natural Gas – Available; Phone – Connected; Public Sewer – Connected; Water Connected; TV Cable
Listing Office:
Counts Real Estate Group Inc
Last Updated: October – 04 – 2024
Information deemed reliable but not guaranteed.