5501 Thomas Drive, Panama City Beach, FL 32408 (MLS# 684137)

5501 Thomas Drive, Panama City Beach, FL 32408

$927,000

Property Type: Commercial for Sale Square Footage: 5,680 Lot Size (sq. ft.): 23,087 Status: Sold

Current Price: $927,000 List Date: 5/28/2019 Last Modified: 10/04/2024

Overview

Description

Appraisal Purposes Only. Needed lots of work.

Listing Details MLS# 684137

Contract Info

List Price/SqFt: 163.2
Sub-Type: Hotel/Motel

Location

Area: 03 – Bay County – Beach
Street #: 5501
Street Name: Thomas
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 – Beach – South of Grand Lagoon
Subdivision: Gulf Lagoon Beach
Community/Resort: None
Waterfront: No
Parcel ID: 32292-000-000
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: Thomas Dr. just east of Regency Towers.
Legal Description: GULF LAGOON BEACH LOTS 5, 6, 7 & 18 BLK 7 ORB 4118 P 972

General Property Info

List Class: Motel/Hotel
Construction Status: Construction Complete
# of Units: 11
Acreage: 0.53
SqFt Tot Bldg: 5680
Year Built: 1957

Status Change Info

Under Contract Date: 2019-04-15
Sold Date: 2019-04-30
Sold Price/SqFt: 163.2
Sold Price/Acre: 1749056.6

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: Appraisal Purposes Only. Needed lots of work.

More Information

Construction/Siding

Floor – Terazzo: Yes

Energy

AC – Central Elect: Yes

Financing

Cash: Yes

Present Zoning

Commercial: Yes

Utilities

Electricity – Connected: Yes
Public Sewer – Connected: Yes
Water Connected: Yes

Waterview

Gulf: Yes

Accessibility Features

Accessible Common Area: Yes

Sale Type

As Is: Yes

Floors in Unit/Home

Two: Yes

Heating/Cooling

AC – Window Unit(s): Yes

Hotel/Motel

Year Built: 1957
# of Rooms: 11

Transport. Access

4-Lane: Yes

Property Features

Accessibility Features: Accessible Common Area Energy: AC – Central Elect Financing: Cash Present Zoning: Commercial Sale Type: As Is Utilities: Electricity – Connected; Public Sewer – Connected; Water Connected Waterview: Gulf

Listing Office: Premier Coastal, Inc.

Last Updated: October – 04 – 2024

Information deemed reliable but not guaranteed.