Investment Property with Redevelopment
For Sale
Contact for pricing
1711 S Thomas Drive, Panama City, FL 32408
Retail and residential income property with redevelopment opportunities.
Property Size2,700 SF
Price / SF$648.15
Days on Market713
Property Features for 1711 S Thomas Drive
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Retail
Building Details
Year Built
1981
Stories
2
Listing Agency:
Counts Real Estate
Listed By:
Andy Gonsalves · License #Bk409063
(850) 231-1483
Source:
Crexi
Added: Oct 1, 2024
Changed: Aug 13
Last Checked: Sep 13 at 8:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Counts Real Estate
Investment Insights
Based on property information with market context.
This investment property features a premier location with a road front building currently occupied by a long-term retail tenant, as well as multiple residential rental units in two rear buildings. The property offers a strong, long-term rental income stream from the front retail building, presenting an opportunity to redevelop the rear apartments to increase future income. The property is located immediately south of the Navy Base and Coast Guard Training station, benefiting from a very high daily traffic count. The property size is 2700 square feet. Seller financing may be possible with acceptable price and terms.
Key Highlights
- Premier location immediately south of the Navy Base and Coast Guard Training station with very high traffic count.
- Strong long‑term rental income from the front retail building.
- Opportunity to redevelop rear apartments to increase future income stream.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
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Business Placement
Demographics for 32408, FL
17,479
Population
17,018
Households
1
Avg Household Size
48
Median Age
39%
College-Educated
96%
High-School Grad
8.6 sq mi
ZIP Area
2,032
Density / Sq Mi
$72,322
Median Household Income
$42,749
Median Earnings
$1,453
Median Rent
$352,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Retail and residential income property with redevelopment opportunities.
Where is this retail space located?
The property is located at 1711 S Thomas Drive Panama City, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Premier location immediately south of the Navy Base and Coast Guard Training station with very high traffic count.; Strong long‑term rental income from the front retail building.; Opportunity to redevelop rear apartments to increase future income stream.
