3123 Thomas Drive, Panama City Beach, FL 32408
$1,500,000
Property Type:
Commercial for Sale
Square Footage:
7,600
Lot Size (sq. ft.):
33,541
Status:
Sold
Current Price:
$1,675,000
List Date:
2/19/2020
Last Modified:
10/04/2024
Description
Fantastic investment opportunity in Panama City Beach. Lagoon Plaza is located on south Thomas Drive at the west entry gate to Bay Point and just north of Captain Anderson's and the signalized intersection of North Lagoon Drive. Call for detailed financials and lease information. Please do not disturb the tenants. The building had minor damage from Hurricane Michael, and the repairs are now complete. The seller has also installed a new roof. Call for detailed financials and lease information. Please do not disturb the tenant
More Information MLS# 681545
Contract Info
List Price/SqFt: 220.39
List Date: 2018-11-03
List Price: $1,675,000
Current Price: $1,500,000
Sub-Type: Income Producing
Location
Sub Area: 0319 - Beach - East
Community/Resort: None
Waterfront: No
Business Name: LAGOON PLAZA
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Section: 9
Directions: From the Hathaway Bridge, travel south on Thomas Drive towards the beach. Lagoon Plaza is located on the east-side of Thomas Drive just before the signalized intersection of North Lagoon at Captain Anderson's Restaurant.
Township: 4S
Range: 15W
Area: 03 - Bay County - Beach
Street #: 3123
Street Name: Thomas
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Subdivision: No Named Subdivision
Parcel ID: 30933-035-000
Legal Description: BAY POINT UNIT 1 (3.035) 69C4 TRACT G ORB 1915 P 1409 ORB 2256 P 1080 MAP 69C4 ORB 2323 P 968 ORB 2460 P 383
General Property Info
List Class: Commercial
Acreage: 0.77
Immediate Occupancy: No
Construction Status: Construction Complete
# of Units: 6
SqFt HVAC: 7600
SqFt Retail: 7600
Frontage Ft: 231
SqFt Tot Bldg: 7600
Lot Depth: 140
Lot SqFt: 33541
Year Built: 2004
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: Fantastic investment opportunity in Panama City Beach. Lagoon Plaza is located on south Thomas Drive at the west entry gate to Bay Point and just north of Captain Anderson's and the signalized intersection of North Lagoon Drive. Call for detailed financials and lease information. Please do not disturb the tenants. The building had minor damage from Hurricane Michael, and the repairs are now complete. The seller has also installed a new roof. Call for detailed financials and lease information. Please do not disturb the tenant
Status Change Info
Sold Price/SqFt: 197.37
Sold Price/Acre: 1948051.95
Status: Sold
Under Contract Date: 2021-04-18
Sold Date: 2021-06-08
Sold Price: $1,500,000
Construction/Siding
Floor - Concrete: 1
Floor - Tile: 1
Floor - W/W Carpet: 1
Foundation - Slab on Grade: 1
Wood/Frame: 1
Roof - Dimensional Shg: 1
Roof - Membrane: 1
Roof - Metal: 1
Siding - Stucco: 1
Energy
AC - 2 or More: 1
Financing
Conventional: 1
Present Zoning
Commercial: 1
County: 1
Utilities
All Utilities: 1
TV Cable: 1
Electric 220/240: 1
Electricity - Availabile: 1
Natural Gas - Available: 1
Phone - Connected: 1
Public Sewer - Connected: 1
Water Connected: 1
Accessibility Features
Accessible Approach with Ramp: 1
Accessible Entrance: 1
Accessible Hallway(s): 1
Floors in Unit/Home
One: 1
Heating/Cooling
AC - Entire: 1
Income Producing
Year Built: 2004
Building SqFt: 7600
Net Operating Income: 129986
Cap Rate: 8
Property Type: Retail
Offering Type
Sale with Lease: 1
Pricing Type
Sale Price: 1
Site Description
Corner Location: 1
Transport. Access
2-Lane: 1
5 or More Lanes: 1
Center Turn Lane: 1
Property Features
Accessibility Features: Accessible Approach with Ramp; Accessible Entrance; Accessible Hallway(s)
Energy: AC - 2 or More
Financing: Conventional
Offering Type: Sale with Lease
Pricing Type: Sale Price
Present Zoning: Commercial; County
Site Description: Corner Location
Utilities: All Utilities; Electric 220/240; Electricity - Availabile; Natural Gas - Available; Phone - Connected; Public Sewer - Connected; Water Connected; TV Cable
Listing Office:
Counts Real Estate Group Inc
Last Updated: October - 04 - 2024
Information deemed reliable but not guaranteed.