THIS IS A BUILD TO SUIT OPPORTUNITY OR A PAD SITE SALE, THE PROPERTY IS A PAD SITE LOCATED NEXT DOOR TO TWO CLASS A MEDICAL BUILDINGS, THIS IS THE LAST REMAINING PAD SITE. YOU CAN BUY THE PAD SITE OR FOR THE CORRECT TENANT WE WILL DO A BUILD TO SUIT. SO IF YOU ARE IN THE MEDICAL INDUSTRY OR JUST WANT A NEW OFFICE ON THE BEACH THIS IS YOUR OPPORTUNITY. YOU CAN BUILD A TWO STORY BUILDING WITH UP TO 5,000 SQUARE FEET. EXCELLENT PARKING AND VISIBILTY FROM PANAMA CITY BEACH PARKWAY.
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.
