Premier location! OWNER FINANCING AVAILABLE WITH ACCEPTABLE TERMS.Previously occupied as a bank building with additional floors for potential tenants for income generation. The property also has an additional lot that is included in the sale for parking and enough space to build approximately an additional 3000 sq ft building to increase property income. Three floors in main building each being a bit over 4000 sq ft. The ground floor space once was a bank and could be up and operational within 30-45 days. The second and third floor are currently rented long term. The location is premier as it is strategically located between Hwy 79 and Pier Park close to the City Hall and within minutes of the New Hospital on Hwy 79 The sale includes adjoining lot identified as 33478-010-000
The structure is a Class A, Retail/Office, 6,901 square feet building with tremendous upside. It is constructed of concrete poured block and steel beam supported ceilings. The roof is tile and one-piece member of rubber. It is equipped with a complete fire sprinkler system and is monitored on a 24/7 basis. The complex also has ample parking and excellent signage on Thomas Drive. The building consists of 2 units with one at 4985 square feet and the other at 1916 square feet. Taylor's Restaurant (previously Egg & I Restaurant) currently occupies the 4985 square feet unit. They are currently in their 3rd 5-year lease term. Realty One Group of the Emerald Coast occupies the remaining 1916 square feet of the building. They have a 2-year lease which ends Sept 2025.
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Panama City Beach is located in Florida. Panama City Beach, Florida has a population of 17,882. Panama City Beach is less family-centric than the surrounding county with 24.13% of the households containing married families with children. The county average for households married with children is 27.71%.
The median household income in Panama City Beach, Florida is $70,131. The median household income for the surrounding county is $60,473 compared to the national median of $69,021. The median age of people living in Panama City Beach is 44.8 years.
The average high temperature in July is 90.1 degrees, with an average low temperature in January of 42.9 degrees. The average rainfall is approximately 59.8 inches per year, with 0 inches of snow per year.
