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: $999,900 List Date: 10/19/2023 Last Modified: 10/04/2024

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!

More Information MLS# 748071

Contract Info

List Price/SqFt: 205.74 List Date: 2023-10-17 List Price: $999,900 Current Price: $1,000,000 Sub-Type: Office

Location

Sub Area: 0323 – Beach – South of Grand Lagoon Community/Resort: None Waterfront: No 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. Area: 03 – Bay County – Beach Street #: 3702 Street Name: Thomas Street Suffix: Drive State: FL Zip Code: 32408 County: Bay Subdivision: Treasure Island Parcel ID: 31562-000-000 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 Acreage: 0.54 Immediate Occupancy: No Construction Status: Construction Complete # of Units: 4 SqFt Unit: 1000 SqFt HVAC: 4000 # of Stories in Building: 2 SqFt Tot Bldg: 4860 Year Built: 1984

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!

Status Change Info

Sold Price/SqFt: 205.76 Sold Price/Acre: 1851851.85 Status: Sold Under Contract Date: 2023-10-24 Sold Date: 2023-11-15 Sold Price: $1,000,000

Office

Year Built: 1984 Building SqFt: 4000 Property Type: Low Rise Unit SqFt: 1000 # of Units: 4

Other

Year Built: 1984 Unit SqFt: 1000

Construction/Siding

Foundation – Slab on Grade: 1 Roof – Pitched: 1 Roof – Tile/Slate: 1 Siding – Stucco: 1

Energy

AC – Central Elect: 1 Heat – Central Electric: 1

Financing

Cash: 1 Conventional: 1

Present Zoning

Commercial: 1 County: 1

Utilities

All Utilities: 1

Waterview

Lagoon: 1

Sale Type

As Is: 1

Business Only

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

Business/Property

Freestanding Building: 1 Furnished – None: 1 Office Area: 1 Restrooms – Private: 1 Sign: 1

Floors in Unit/Home

Two: 1

Heating/Cooling

AC – Central: 1 Heat – Central Electric: 1

Income Producing

Year Built: 1984 Building SqFt: 4000 Property Type: Office

Offering Type

Sale Only: 1

Pricing Type

Sale Price: 1

Transport. Access

5 or More Lanes: 1 County Road: 1 Paved: 1

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.