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

Mixed-use properties

Property subtype

Other investment 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

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