3123 Thomas Drive

    Panama City Beach, FL 32408
    • $1,675,000
    • STATUS: Active Under Contract
    • ON SITE: 259 days
    • MLS #: 681545
    Under Contract
    UPDATED: 44 min ago
    $1,675,000
    • 0
      BEDS
    • 0.77
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,600
      SQFT
    • $220
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2004
    County:
    Bay

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Fantastic investment opportunity in Panama City Beach. Lagoon Plaza stays 100% occupied and market rental rates are increasing rapidly. The estimated net operating income is $129,986. Located on south Thomas Drive at the west entry gate to Bay Point and just north of Captain Anderson's and the signalized intersection of North Lagoon Drive. The building had minor damage from Hurricane Michael, and the repairs are now complete. The seller has also installed a new roof. Call for detailed financials and lease information. Please do not disturb the tenants.

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    © 2019 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Counts Real Estate Group. Data last updated: 2019-12-05T11:04:14.323.
    www.countsbeachhomes.com/homes/92881610

    3123 Thomas Drive Panama City Beach, FL 32408

    • Price: $1,675,000
    • Status: Active Under Contract
    • Updated: 44 min ago
    • MLS #: 681545
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.77
    Acres
    7,600
    SQFT
    $220
    $/SQFT
    2004
    Built
    Neighborhood:
    No Named Subdivision
    County:
    Bay
    Area:
    Bay County-Beach
    Elementary School:
    Patronis
    Middle School:
    Surfside
    High School:
    Income Producing
    Property Description
    Fantastic investment opportunity in Panama City Beach. Lagoon Plaza stays 100% occupied and market rental rates are increasing rapidly. The estimated net operating income is $129,986. Located on south Thomas Drive at the west entry gate to Bay Point and just north of Captain Anderson's and the signalized intersection of North Lagoon Drive. The building had minor damage from Hurricane Michael, and the repairs are now complete. The seller has also installed a new roof. Call for detailed financials and lease information. Please do not disturb the tenants.
    Exterior Features

    Construction Siding Floor - ConcreteFloor - TileFloor - W/W CarpetFoundation - Slab On GradeRoof - Dimensional ShgRoof - MembraneRoof - MetalSiding - StuccoWood/Frame Construction Status Construction Complete Frontage Ft 231.00 Lot Depth 140.00 Lot Sq Ft 33541.00 Site Description Corner Location Transport Access 2-Lane5 Or More LanesCenter Turn Lane

    Interior Features

    Accessibility Features Accessible Approach With RampAccessible EntranceAccessible Hallway(S) Heating Cooling Ac - Entire Sq Ft Retail 7600.00 Sq Ft Total Building 7600.00

    Property Features

    Business Name Lagoon Plaza Commercial Sale Sub Type Arnold Community Resort None Energy Ac - 2 Or More Financing Conventional Hoa Fee No Immediate Occupancy No List Class Commercial Occupancy Status Occupied Offering Type Sale With Lease Present Zoning CommercialCounty Pricing Type Sale Price Range 15W Section 9 Township 4S Utilities All UtilitiesElectric 220/240Electric On SiteGas - AvailablePhonePublic SewerPublic WaterTv Cable

    Listing provided courtesy of Counts Real Estate Group, Inc. Listing information © 2019 Central Panhandle Association of Realtors MLS.


    © 2019 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Counts Real Estate Group. Data last updated: 2019-12-05T11:04:14.323.
     
    Counts Real Estate Group
    2104 Thomas Drive
    Panama City Beach FL, 32408