1711 Thomas Dr Panama City Beach, FL 32408

Property Details for 1711 Thomas Dr

Year built

1981

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.46 lot acres

Property size

2,700 SF

Zone code

BC05

Property type

Outlet malls

APN

30161-015-000

APU

30161015000

Description

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.

Location Insight

City

Panama City Beach

County

Bay

State

Florida

Longitude

-85.7569

Latitude

30.1679

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments