6126 Thomas Drive, Panama City Beach, FL 32408

$1,220,000
Property Type: Commercial for Sale Square Footage: 10,612 Lot Size (sq. ft.): 33,106 Status: Sold
Current Price: $1,499,000 List Date: 11/11/2024 Last Modified: 3/31/2025

Description

Zoned C1 Bay County. Practically Brand New Commercial Investment situated in the bustling heart of Panama City Beach right across from the worlds most beautiful beaches now boasts 111 BRAND NEW Storage Units meticulously constructed with Spray Foam insulation. Commercial Space 100% Occupied at 54k in Gross Income, and Storage Units 100% Vacant awaiting a New Owner to fill them up. Expected Income on Storage Units at 100% Occupancy 90k a Year. Offering a blend of Indoor Climate Controlled Units, alongside Outdoor units, these spaces are primed for immediate rental, enabling you to tap into a lucrative stream of passive income. Nestled on Thomas Drive, a central location in Panama City Beach, this property includes two recently renovated Offices, ideal for accommodating your next tenant or for owner occupancy. With a suite of upgrades including a New Roof, Fresh Siding, Vibrant Paint, Secure Gates, state-of-the-art Storage Units featuring Spray Foam insulation, and a revitalized Landscape complete with a sprinkler system, this property stands as a Turn Key investment opportunity. This exceptional property seamlessly integrates practical design with operational efficiency. With ample parking space for 11 vehicles and a flexible layout housing 111 storage units alongside two fully functional commercial offices, this property caters to individuals with a discerning business acumen. Moreover, the potential of this commercial complex extends beyond its current offerings. Envision tailoring the property’s features to suit your specific needs, whether it entails reconfiguring office spaces to align with your business model or capitalizing on the rental potential of the available storage units.

More Information MLS# 754973

Contract Info

List Price/SqFt: 141.26 List Date: 2024-03-29 List Price: $1,499,000 Current Price: $1,220,000 Sub-Type: Other

Location

Sub Area: 0323 – Beach – South of Grand Lagoon Community/Resort: None Waterfront: No Elementary School: Patronis Middle School: Surfside High School: Arnold Directions: Traveling South on Thomas Dr from 98. continue over the bridge after North lagoon intersection, at the next light make a right to stay on Thomas Dr in 1.1 Miles the property will be on the right. Area: 03 – Bay County – Beach Street #: 6126 Street Name: Thomas Street Suffix: Drive State: FL Zip Code: 32408 County: Bay Subdivision: Crescent Beach Unit 1 Parcel ID: 30875-000-000 Legal Description: CRESCENT BEACH UNIT #1 LOTS 3, 4, 5, 16, 17 & 18 BLK 15 ORB 4346 P 1185

General Property Info

List Class: Commercial Acreage: 0.76 Construction Status: Construction Complete SqFt Tot Bldg: 10612 Year Built: 1997

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: Zoned C1 Bay County. Practically Brand New Commercial Investment situated in the bustling heart of Panama City Beach right across from the worlds most beautiful beaches now boasts 111 BRAND NEW Storage Units meticulously constructed with Spray Foam insulation. Commercial Space 100% Occupied at 54k in Gross Income, and Storage Units 100% Vacant awaiting a New Owner to fill them up. Expected Income on Storage Units at 100% Occupancy 90k a Year. Offering a blend of Indoor Climate Controlled Units, alongside Outdoor units, these spaces are primed for immediate rental, enabling you to tap into a lucrative stream of passive income. Nestled on Thomas Drive, a central location in Panama City Beach, this property includes two recently renovated Offices, ideal for accommodating your next tenant or for owner occupancy. With a suite of upgrades including a New Roof, Fresh Siding, Vibrant Paint, Secure Gates, state-of-the-art Storage Units featuring Spray Foam insulation, and a revitalized Landscape complete with a sprinkler system, this property stands as a Turn Key investment opportunity. This exceptional property seamlessly integrates practical design with operational efficiency. With ample parking space for 11 vehicles and a flexible layout housing 111 storage units alongside two fully functional commercial offices, this property caters to individuals with a discerning business acumen. Moreover, the potential of this commercial complex extends beyond its current offerings. Envision tailoring the property’s features to suit your specific needs, whether it entails reconfiguring office spaces to align with your business model or capitalizing on the rental potential of the available storage units.

Office/Member Info

Seller Concessioins: No

Status Change Info

Sold Price/SqFt: 114.96 Sold Price/Acre: 1605263.16 Status: Sold Under Contract Date: 2025-02-27 Sold Date: 2025-03-31 Sold Price: $1,220,000

Construction/Siding

Roof – Metal: 1 Siding – Stucco: 1

Energy

AC – Central Elect: 1

Other Structures

Storage: 1

Present Zoning

Commercial: 1

Utilities

Public Sewer – Connected: 1 Water Connected: 1

Floors in Unit/Home

One: 1

Heating/Cooling

AC – Central: 1 Heat – Central Electric: 1

Transport. Access

4-Lane: 1 City Road: 1 Paved: 1

Property Features

Energy: AC – Central Elect Other Structures: Storage Present Zoning: Commercial Utilities: Public Sewer – Connected; Water Connected
Listing Office: Think Real Estate
Last Updated: March – 31 – 2025
Information deemed reliable but not guaranteed.