9902 Thomas DrPanama City Beach, FL 32408

Property Details for 9902 Thomas Dr

Year built

2007

Property size (Sq ft)

3,652 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

40001-000-779

APU

40001000779

Description

This exceptional retail opportunity is located in Panama City Beach, Florida, at 9902 S Thomas Drive, zip code 32408, within the expansive Laketown Wharf condominium complex. Built in 2007, this property presents a rare chance to acquire a piece of one of the busiest commercial areas in the city. The property is situated near the intersections of Front Beach Rd, Middle Beach Rd, and S Thomas Drive, ensuring high visibility and foot traffic. Currently occupied by a tenant (please do not disturb), this retail space benefits from the proximity of over 2000 condo units, potentially generating significant daily walk-up traffic estimated at 12,000 people based on an average of 6 guests per unit. The asking price is $353,100. While the lot size is not specified, this property is part of approximately 30,000 square feet of available retail space, offering various sizes that can be purchased individually or as a package. All information is believed to be accurate, but verification by the buyer is recommended. This presents a strong investment opportunity in a thriving tourist destination. The property is located in Bay County, Florida.

• CAP approach

  CAP return

  Valuation

  6%

  $828,553

  6.5%

  $764,818

  7%

  $710,188

• Comparable approach

  Method

  Valuation

  Relative Method

  $402,412

  Geo Method

  $402,412

• Alternative Use

  Use

  Valuation

  Residential

  $764,818

  Hospitality

  $700,569

  Educational

  $582,865

  Medical

  $602,911

  Retail

  $906,680

Location Insight

City

Panama City Beach

County

Bay

State

Florida

Latitude

30.1772

Longitude

-85.804

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].