Property profile

9860 Thomas Dr 1 Panama City Beach, FL 32408

OFF-MARKET
Investment properties
Property ID
US18-1827490
568 SF Built 2007
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents Lulu's Bar and Resto, a thriving restaurant and full-service bar located in the desirable Lake Town Wharf area of Panama City Beach, Florida. Built in 2007, this meticulously designed establishment boasts a contemporary aesthetic and a diverse menu, catering to a wide range of clientele. The fully equipped bar features a sophisticated design, complemented by floor-to-ceiling windows offering scenic views. Both indoor and outdoor seating options provide versatility for various events, from casual dining to private functions and corporate gatherings. Lulu's is a turnkey operation, including all fixtures, equipment, and necessary licenses. Financial details and growth projections are available to qualified buyers. The property's strategic location within Lake Town Wharf ensures continued success. This is a rare chance to acquire a well-established business with a proven track record, poised for continued growth. An option to purchase the restaurant only is also available. The asking price is $1,350,000. The address is 9860 S Thomas Drive, Panama City Beach, FL 32408.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 2007
Total area 568 SF
APN 40001-000-766
UPID US18-1827490

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

9860 Thomas Dr, Unit 1 Panama City Beach, FL 32408-1200
Panama City Beach metro Census 2713 PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$765k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$725k

Owner & transaction history

since 2021
Last sale
$820,000
2 recorded transactions
2021
Price N/A
2015
$820,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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