2209 Thomas Dr Panama City, FL 32408

Exceptional investment opportunity in Panama City Beach, Florida, presents a 2,430 square foot commercial building situated on a spacious 1.15-acre lot (50,094 sq ft). Built in 1985, this special-purpose property previously served as a bank, retaining features ideal for similar ventures. Key features include a substantial walk-in vault and a convenient double drive-thru. The property boasts 21+ parking spaces and two separate entrances, ensuring ample accessibility. A digital sign is included in the sale. The high-visibility location benefits from daily traffic counts ranging from 20,000 to 30,000 vehicles, depending on the season. Its proximity to Panama City Beach's renowned beaches and numerous beachfront condominiums further enhances its appeal. Alternative uses could include a restaurant with a drive-thru, a cannabis dispensary, or other businesses requiring high visibility, substantial parking, and significant traffic flow. The property previously generated a monthly lease income of $8,000. Asking price is $1,600,000. This property offers significant potential for a strong return on investment. The address is 2209 Thomas Drive, Panama City Beach, FL 32408.