3702 Thomas Drive, Panama City Beach, FL 32408 (MLS# 748071)

3702 Thomas Drive, Panama City Beach, FL 32408

$1,000,000

Property Type: Commercial for Sale Square Footage: 4,860 Lot Size (sq. ft.): 23,522 Status: Sold

Current Price: $1,000,000 List Date: 10/19/2023 Last Modified: 10/04/2024

Overview

Description

>>>UNDER CONTRACT! ACCEPTING BACK-UP OFFERS<<< Presenting an exceptional commercial opportunity situated on the vibrant and in-demand Thomas Drive in Panama City Beach! This may not be waterfront, but the views will have you feeling like it is!! This commercial building offers a unique proposition with four individual office spaces, each thoughtfully designed and equipped with its own bathroom and mini kitchen space, providing the utmost in convenience and privacy for businesses. With 1000 square feet of office space per unit and separate entrances for each, this property is tailored to accommodate various enterprises. Strategically located on a corner lot, this property boasts endless possibilities. The second floor not only provides stunning views of the lagoon across the street but also offers the advantage of visible signage, maximizing your business exposure in this bustling area. As a bonus, this property includes two vacant lots located just behind it, offering additional potential for expansion or future development, making it a truly valuable investment opportunity. All of these incredible features come at an unbeatable offer, priced under $1 million. Don't miss this chance to acquire a commercial building in such a prime location in Panama City Beach. Seize the opportunity now and make your mark in this thriving business district!

Listing Details MLS# 748071

Contract Info

List Price/SqFt: 205.74
Sub-Type: Office

Location

Area: 03 – Bay County – Beach
Street #: 3702
Street Name: Thomas
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 – Beach – South of Grand Lagoon
Subdivision: Treasure Island
Community/Resort: None
Waterfront: No
Parcel ID: 31562-000-000
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: Drive South on Thomas Dr. from Hathaway Bridge. Pass over the Lagoon Bridge just after Capt Andersons. Just over the bridge to the right, you will see the two story building. The two vacant lots included are directly behind that building.
Legal Description: TREASURE ISLAND LOTS 1 & 2 BLK 9 ORB 950 P 545 ORB 3597 P 1106 (main) / See all 3: (31562-000-000) 3702 Thomas Dr., Panama City Beach, FL 32408, (31573-000-000) Treasure Circle, and (31574-000-000) Treasure Circle. Legal Description: Treasure Island Lots 1 & 2 BLK 9 ORB 950 P 545 ORB 3597 P 1106 & Treasure Island LOT 15 BLK 9 ORB 1173 P 1290 & Treasure Island LOT 16 BLK 9 ORB 1173 P 1291

General Property Info

List Class: Business Only
Immediate Occupancy: No
Construction Status: Construction Complete
# of Units: 4
SqFt Unit: 1000
# of Stories in Building: 2
Acreage: 0.54
SqFt HVAC: 4000
SqFt Tot Bldg: 4860
Year Built: 1984

Status Change Info

Under Contract Date: 2023-10-24
Sold Date: 2023-11-15
Sold Price/SqFt: 205.76
Sold Price/Acre: 1851851.85

Business Only

Year Built: 1984
Building SqFt: 4000
Unit SqFt: 1000
Actual Gross Income: 72000
Real Estate Option: Real Estate Conveys

Income Producing

Year Built: 1984
Building SqFt: 4000

More Information

Office

Year Built: 1984
Building SqFt: 4000
Unit SqFt: 1000
# of Units: 4

Other

Year Built: 1984
Unit SqFt: 1000

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: >>>UNDER CONTRACT! ACCEPTING BACK-UP OFFERS<<< Presenting an exceptional commercial opportunity situated on the vibrant and in-demand Thomas Drive in Panama City Beach! This may not be waterfront, but the views will have you feeling like it is!! This commercial building offers a unique proposition with four individual office spaces, each thoughtfully designed and equipped with its own bathroom and mini kitchen space, providing the utmost in convenience and privacy for businesses. With 1000 square feet of office space per unit and separate entrances for each, this property is tailored to accommodate various enterprises. Strategically located on a corner lot, this property boasts endless possibilities. The second floor not only provides stunning views of the lagoon across the street but also offers the advantage of visible signage, maximizing your business exposure in this bustling area. As a bonus, this property includes two vacant lots located just behind it, offering additional potential for expansion or future development, making it a truly valuable investment opportunity. All of these incredible features come at an unbeatable offer, priced under $1 million. Don't miss this chance to acquire a commercial building in such a prime location in Panama City Beach. Seize the opportunity now and make your mark in this thriving business district!

Construction/Siding

Foundation – Slab on Grade: Yes
Roof – Pitched: Yes
Roof – Tile/Slate: Yes
Siding – Stucco: Yes

Energy

AC – Central Elect: Yes
Heat – Central Electric: Yes

Financing

Cash: Yes
Conventional: Yes

Present Zoning

Commercial: Yes
County: Yes

Utilities

All Utilities: Yes

Waterview

Lagoon: Yes

Sale Type

As Is: Yes

Business/Property

Freestanding Building: Yes
Furnished – None: Yes
Office Area: Yes
Restrooms – Private: Yes
Sign: Yes

Floors in Unit/Home

Two: Yes

Heating/Cooling

AC – Central: Yes
Heat – Central Electric: Yes

Offering Type

Sale Only: Yes

Pricing Type

Sale Price: Yes

Transport. Access

5 or More Lanes: Yes
County Road: Yes
Paved: Yes

Property Features

Energy: AC – Central Elect; Heat – Central Electric Financing: Cash; Conventional Offering Type: Sale Only Pricing Type: Sale Price Present Zoning: Commercial; County Sale Type: As Is Utilities: All Utilities Waterview: Lagoon

Listing Office: World Impact Real Estate

Last Updated: October – 04 – 2024

Information deemed reliable but not guaranteed.