3123 Thomas Drive Panama City, FL 32408
- $1,675,000
- 7,600 sqft
- Est payment $8991.76/mo
Neighborhood Info
Commercial in Panama City Beach
Fantastic investment opportunity in Panama City Beach. Lagoon Plaza stays 100% occupied and market rental rates are increasing rapidly. The owner recently leased a vacant space to a friend providing several months of free rent. Once the rent abatement period ends (1/31/2021), the estimated net operating income will be $138,164. 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.e. 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
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7,600 Sq. Ft.
Main Features
- Listing Status: Active
- Year Built: 2004
- School District: Patronis
- School District2: Surfside
- School District3: Arnold
- County: Bay County
- Subdivision: No Named Subdivision
- MLS Number:681545
What's My Mortgage?
3123 Thomas Drive Panama City, FL 32408
- $1,675,000
- 7,600 sqft
- Est payment $8991.76/mo