$2,200,000
Panama City Beach, FL 32408
MLS# 783178
7487 sqft
1 / 1
Property Description
The structure is a Class A, Retail/Office, 6,901 square feet building with tremendous upside. It is constructed of concrete poured block and steel beam supported ceilings. The roof is tile and one-piece member of rubber. It is equipped with a complete fire sprinkler system and is monitored on a 24/7 basis. The complex also has ample parking and excellent signage on Thomas Drive. The building consists of 2 units with one at 4985 square feet and the other at 1916 square feet. Taylor's Restaurant (previously Egg & I Restaurant) currently occupies the 4985 square feet unit. They are currently in their 3rd 5-year lease term. Realty One Group of the Emerald Coast occupies the remaining 1916 square feet of the building. They have a 2-year lease which ends Sept 2025.
Details
Maps
Contract Info
List Price/SqFt: 293.84
List Date: 2026-01-01
List Price: $2,200,000
Current Price: $2,200,000
Sub-Type: Other
Location
Sub Area: 0319 - Beach - East
Community/Resort: None
Waterfront: No
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: FROM HATHAWAY BRIDGE SOUTH ON THOMAS DRIVE. PROPERTY LOCATED ACROSS FROM THE NAVAL COASTAL CENTER.
Area: 03 - Bay County - Beach
Street #: 1114-1120
Street Name: Thomas
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Subdivision: Coastal Palms Commercial
Parcel ID: 30159-400-114
Legal Description: COASTAL PALMS COMMERCIAL LOT 7 ORB 3126 P 287
General Property Info
List Class: Bar/Restaurant
Acreage: 1
Construction Status: Construction Complete
SqFt Tot Bldg: 7487
Year Built: 2008
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: The structure is a Class A, Retail/Office, 6,901 square feet building with tremendous upside. It is constructed of concrete poured block and steel beam supported ceilings. The roof is tile and one-piece member of rubber. It is equipped with a complete fire sprinkler system and is monitored on a 24/7 basis. The complex also has ample parking and excellent signage on Thomas Drive. The building consists of 2 units with one at 4985 square feet and the other at 1916 square feet. Taylor's Restaurant (previously Egg & I Restaurant) currently occupies the 4985 square feet unit. They are currently in their 3rd 5-year lease term. Realty One Group of the Emerald Coast occupies the remaining 1916 square feet of the building. They have a 2-year lease which ends Sept 2025.
Office/Member Info
Seller Concessioins: No
Financing
Cash: 1
Conventional: 1
Seller Financing: 1
Floors in Unit/Home
One: 1
Transport. Access
4-Lane: 1
Status Change Info
Status: Active
Property Features
Financing: Cash; Conventional; Seller Financing
Listing Office: Varnes Realty
Last Updated: January - 04 - 2026
Information deemed reliable but not guaranteed.