8426 Thomas Dr Panama City, FL 32408
- Retail space
- 2,796 SF
- 0.17 lot acres
Current Use by Public Records
- Retail space
Property Details for 8426 Thomas Dr
- Year built
- 1983
- Construction
- STEEL FRAME
- Lot size
- 0.17 lot acres
- Property size
- 2,796 SF
- Zone code
- BC03
- Property type
- Retail space
- APN
- 30328-080-000
- APU
- 30328080000
Description
This prime commercial property, located at 8426 Thomas Drive in Panama City Beach, Florida, 32408, presents a unique investment opportunity. The 7,405.2 square foot lot features a 36x60 metal building with a prominent double-faced billboard, ensuring high visibility in a high-traffic area. The property boasts excellent ingress and egress via Thomas Drive and Tarpon Street, offering convenient access for both customers and employees. Zoned for neighborhood commercial use, this versatile space is suitable for a wide range of businesses catering to both tourists and locals. The building itself includes a large roll-up garage door at the rear, providing ample access for loading and unloading. Extensive paved parking is available both in front and at the rear of the building. Its location offers exceptional proximity to beaches, gulf-front condos, entertainment venues, restaurants, and vacation rentals, capitalizing on the area's thriving tourism industry. Recent improvements include a new roof (December 2018), new metal siding on the mansard, east, and west sides (2014), and a new air conditioning system (2020). This property is priced at $1,050,000 and represents a compelling investment in a dynamic and desirable location within Bay County's tourist corridor. Please consult Bay County Planning and Zoning for a complete list of allowable uses.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Panama City Beach
- County
- Bay
- State
- Florida
- Longitude
- -85.7859
- Latitude
- 30.166
- CBSA code
- 37460
- CBSA name
- PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
