9860 S Thomas Drive R-7, Panama City Beach, FL 32408 (MLS# 745607)

9860 S Thomas Drive R-7, Panama City Beach, FL 32408

$1,250,000

Property Type: Commercial for Sale Square Footage: 3,584 Status: Sold

Current Price: $1,250,000 List Date: 8/23/2023 Last Modified: 10/04/2024

Overview

Description

Rare opportunity this parcel is one of multiple commercial parcels for sale in one of the largest condominiums in Panama City Beach, Laketown Wharf. The commercial property is within walking distance of over 2000 condos with an average of 6 guests per unit giving potential daily walk up traffic of 12,000. Located on one of the busiest areas in Panama City Beach by the intersections of Front Beach Rd, Middle Beach Rd. and S. Thomas Drive. Currently there is a commercial laundry in this unit while the other parcels house various businesses and some vacant. Approximately 30,000 sq. ft of retail space of various sizes can be purchased individually or together. All information believed to be correct but should be verified by the buyer..

Listing Details MLS# 745607

Contract Info

List Price/SqFt: 363.77
Sub-Type: Retail

Location

Area: 03 – Bay County – Beach
Street #: 9860
Street Direction: S
Street Name: Thomas
Street Suffix: Drive
Unit #: R-7
State: FL
Zip Code: 32408
County: Bay
Sub Area: 0323 – Beach – South of Grand Lagoon
Subdivision: Laketown Wharf
Community/Resort: None
Waterfront: No
Parcel ID: 40001-000-772
Elementary School: Breakfast Point
Middle School: Breakfast Point
High School: Arnold
Directions: Located at the corner of Front Beach Rd. and S. Thomas Drive across from Pineapple Willy.
Legal Description: LAKETOWN WHARF RETAIL UNIT #7 ORB 2994 P 1890 3584 TOTAL SF ORB 4411 P 2266

General Property Info

List Class: Commercial Condominium
Construction Status: Construction Complete
SqFt Tot Bldg: 3584
Year Built: 2007
Acreage: 0

Status Change Info

Under Contract Date: 2023-10-20
Sold Date: 2023-11-13
Sold Price/SqFt: 348.77

Listing Info, Tax and Legal

HOA Fee: Yes
HOA Amount: 7955.01
HOA Frequency: Quarterly

Remarks & Misc

Remarks: Rare opportunity this parcel is one of multiple commercial parcels for sale in one of the largest condominiums in Panama City Beach, Laketown Wharf. The commercial property is within walking distance of over 2000 condos with an average of 6 guests per unit giving potential daily walk up traffic of 12,000. Located on one of the busiest areas in Panama City Beach by the intersections of Front Beach Rd, Middle Beach Rd. and S. Thomas Drive. Currently there is a commercial laundry in this unit while the other parcels house various businesses and some vacant. Approximately 30,000 sq. ft of retail space of various sizes can be purchased individually or together. All information believed to be correct but should be verified by the buyer..

More Information

Association Fees Include

Insurance: Yes
Sewer: Yes
Trash Disposal: Yes
TV Cable: Yes
Water: Yes

Floors in Unit/Home

One: Yes

Listing Office: EMERALD VIEW REAL ESTATE

Last Updated: October – 04 – 2024

Information deemed reliable but not guaranteed.