$1,000,000
Panama City Beach, FL 32408
MLS# 748071
Status: Sold
4860 sqft
1 / 59
Property 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!
Details
Maps
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.