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Remodeled End-Unit Mixed-Use Condo
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8700 S Thomas Dr, Panama City Beach, FL 32408

Leased commercial condominium with office-oriented rooms, customer reception areas, and a plaza setting beside multiple businesses.

Property SizeContact for details
Days on Market143

Property Features for 8700 S Thomas Dr

General Information

Standard status Active
Property subtype Mixed Use, Office, Retail, Special Purpose
Listing Agency: Coldwell Banker Realty - Naples Central
Listed By: Mihail Stoyanov · License #FL BK3525922
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 5:22AM

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 Coldwell Banker Realty - Naples Central

Investment Insights

Based on property information with market context.

This 2,485-square-foot commercial condominium is an end unit with extensive windows and natural light. The remodeled interior includes an oversized reception desk, waiting area, four large offices, a conference room, laundry room with washer and dryer, storage areas, kitchen or breakroom, and bathrooms. The waiting area can be divided to create another office, while rear storage may provide additional workspace.

The property is positioned within a commercial plaza that includes a restaurant, liquor store, coffee shop, dental office, hair studio, and grocery store. The condominium is currently leased with 3 years remaining on the lease and an option for an additional 3-year extension.

Key Highlights

  • 2,485‑square‑foot commercial condominium in an end‑unit position
  • Four large offices, conference room, reception area, kitchen or breakroom, and bathrooms
  • Waiting area can be separated to create an additional office

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Dental Office Pharmacy Grocery & Convenience Store Law Firm Daycare Center Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

395
Businesses Nearby

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

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Leased commercial condominium with office-oriented rooms, customer reception areas, and a plaza setting beside multiple businesses.
Where is this mixed-use property located?
The property is located at 8700 S Thomas Dr Panama City Beach, FL.
What are key features of this property?
This property features: 2,485‑square‑foot commercial condominium in an end‑unit position; Four large offices, conference room, reception area, kitchen or breakroom, and bathrooms; Waiting area can be separated to create an additional office
More about this property
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