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MLS# 783178

Status: Active
1114-1120 Thomas Drive
Panama City Beach, FL 32408
$2200000.00

County: Bay
Year Built: 2008
Area: 03 - Bay County - Beach
SqFt Tot Bldg: 7487.00
Acreage: 1.00
Subdivision: Coastal Palms Commercial
Waterfront: No
(850) 896-0910


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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.
Parcel ID:30159-400-114
Community/Resort:None
Sub Area:0319 - Beach - East
Cumulative DOM:5823
Days On Market:64
Active Development Order:No