Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1711 Thomas Dr Panama City Beach, FL 32408

    For Sale
    $1,750,000

    High-traffic retail & residential income property.

    Property size:
    2,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a 2-story, 2,700 square foot retail building situated on a substantial 19,602 square foot lot at 1711 S Thomas Drive in Panama City Beach, Florida (zip code 32408). Constructed in 1981, the property boasts a strong, long-term retail tenant occupying the road-front building, generating consistent rental income. In addition to the main retail space, the property includes multiple residential rental units in two rear buildings, providing further income streams. The current rental income from the retail and residential units offers a solid foundation for investment, with potential for significant future growth. The rear apartment units present a redevelopment opportunity to further increase the property's income potential. Showings require 24-hour notice due to current occupancy. This prime location is immediately south of the Navy Base and Coast Guard Training station, ensuring high daily traffic counts. The asking price is $1,750,000, and seller financing may be available, subject to terms and conditions. This property represents a rare chance to acquire a well-established, income-producing asset in a high-demand area with substantial upside potential.

    Property Features for 1711 Thomas Dr

    General Information

    Property type
    Retail properties
    Square Feet
    2,700 SF

    Building Details

    Year Built
    1981
    Stories
    2

    HighLights

    • Exceptional investment opportunity: 2,700 SF retail building on a 19,602 SF lot in Panama City Beach, FL (32408).
    • Strong, long‑term retail tenant provides consistent income.
    • Multiple residential rental units offer additional income streams.
    • High‑traffic location near Navy Base and Coast Guard station.
    • Asking price: $1,750,000; seller financing may be available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Panama City Beach
    County
    Bay
    State
    Florida
    Longitude
    -85.8004761
    Latitude
    30.173846

    Nearby Similar for Sale

    • $750,000
      Pending

      Furnished Triplex Near Panama City Beach

      Rental-ready triplex near beaches, restaurants, and attractions.
      3903 Raven St Unit, Panama City Beach, FL 32408
      View Details
    • $1,595,000
      4,735 SF

      New Duplex Near Beach

      New construction duplex near the beach with high rental potential.
      232 San Vincente St, Panama City Beach, FL 32413
      View Details
    • $849,900
      2,465 SF

      Coastal Duplex Near Panama City Beach

      Fully furnished duplex near the beach, ideal for investors.
      129 Malaga Pl, Panama City Beach, FL 32413
      View Details
    • $2,700,000

      Furnished Duplex Near Panama City Beach

      Newer construction, fully furnished duplex near the beach. Turnkey opportunity.
      6006 Thomas Dr, Panama City Beach, FL 32408
      View Details
    • $464,999

      Renovated Duplex Near Beach

      Tastefully renovated duplex, steps from the beach and local amenities.
      219 Palmetto Pl, Panama City Beach, FL 32413
      View Details
    • $545,000
      1,664 SF

      Remodeled Duplex Near Panama City Beach

      Updated duplex near the beach with income potential.
      116 Lakeside Cir, Panama City Beach, FL 32413
      View Details

    FAQs

    What type of property is this?
    Retail property - High-traffic retail & residential income property.
    Where is this retail property located?
    The property is located at 1711 Thomas Dr Panama City Beach, 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: Exceptional investment opportunity: 2,700 SF retail building on a 19,602 SF lot in Panama City Beach, FL (32408).; Strong, long-term retail tenant provides consistent income.; Multiple residential rental units offer additional income streams.
    Request Owner's contact information
    1711 Thomas Dr Panama City Beach, FL 32408
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1711 Thomas Dr
    Panama City Beach, FL 32408
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1711 Thomas Dr Panama City Beach, FL 32408
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.