Prime Commercial lot almost pad ready on one of the busiest roads in extremely fast growing Panama City Beach. Just over 1.1 acres. Comes with shared parking and also has extra room to add additional parking if needed. Power electric box is next to property and water retention is already complete for the entire parcel. Has turning lane into property. Sewer and power ready.
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.
The median home value in Panama City Beach, FL is $455,000. This is higher than the county median home value of $203,100. The national median home value is $219,700. The average price of homes sold in Panama City Beach, FL is $455,000. Approximately 19.06% of Panama City Beach homes are owned, compared to 12.89% rented, while 68.06% are vacant. Panama City Beach real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Panama City Beach real estate agent to arrange a tour today!
Panama City Beach, Florida has a population of 12,461. Panama City Beach is more family-centric than the surrounding county with 30.79% of the households containing married families with children. The county average for households married with children is 26.96%.
The median household income in Panama City Beach, Florida is $58,619. The median household income for the surrounding county is $50,283 compared to the national median of $57,652. The median age of people living in Panama City Beach is 43.1 years.
The average high temperature in July is 90.6 degrees, with an average low temperature in January of 43.9 degrees. The average rainfall is approximately 62.1 inches per year, with 0 inches of snow per year.