6504 Thomas DrPanama City Beach, FL 32408

Property Details for 6504 Thomas Dr

Year built

1989

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.26 AC

Property size (Sq ft)

2,608 SF

Zone code

BC03

Property type

Office properties

Property subtype

Other office properties

APN

30694-000-000

APU

30694000000

Description

This exceptional commercial property, located at 6504 Thomas Drive in Panama City Beach, Florida, presents a unique investment opportunity. Boasting 2,608 square feet of space on an expansive 11,325.6 square foot lot (approximately 50x226), this property enjoys high visibility due to its frontage on a major Panama City Beach thoroughfare. Built in 1989, the structure currently features eight offices, offering significant flexibility for a variety of business uses. The building is partially finished, allowing a new owner to customize the remaining space to perfectly meet their specific needs and preferences. Ample parking is available both at the front and rear of the building, providing potential for additional storage or simply convenient client and employee parking. The asking price for this strategically located commercial property is $1,099,000. This presents a compelling opportunity for business owners, investors, and creative entrepreneurs seeking a well-situated and adaptable commercial space in a thriving Florida coastal community. The property's zip code is 32408, and it is situated in Bay County.

• CAP approach

  CAP return

  Valuation

  6%

  $477,192

  6.5%

  $440,485

  7%

  $409,022

• Comparable approach

  Method

  Valuation

  Relative Method

  $185,403

  Geo Method

  $185,403

• Alternative Use

  Use

  Valuation

  Residential

  $546,202

  Hospitality

  $500,318

  Educational

  $416,259

  Medical

  $430,574

  Retail

  $647,513

Location Insight

City

Panama City Beach

County

Bay

State

Florida

Latitude

30.153

Longitude

-85.7666

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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