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    9860 Thomas Dr, Unit 1 Panama City Beach, FL 32408-1200
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    Property profile & analytics

    9860 Thomas Dr, Unit 1 Panama City Beach, FL 32408-1200


    • Investment properties
    • 568 SF
    Off-Market
    Last Sale May 26, 2021
    $820,000
    Property ID
    US18-1827490
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $780,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 9860 Thomas Dr

    Year built
    2007
    Property size
    568 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    40001-000-766
    APU
    40001000766

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $725,000
      ML approach
      $765,000

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Panama City Beach
    County
    Bay
    State
    Florida
    Longitude
    -85.8043
    Latitude
    30.1772
    CBSA code
    37460
    CBSA name
    PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $378
    $0.00
    $14,200
    $14,200
    -
    $0.00
    $14,200
    $14,200
    More about this property
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