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8700-8730 Thomas Dr - St Thomas Square Commercial Condo
2,482 SF Office Condo Unit Offered at $619,000 in Panama City, FL 32408
Investment Highlights
- Busy street with multiple other businesses
- Lots Of Natural Light
Property Facts
1 Unit Available
Unit 1101
| Unit Size | 2,482 SF | Cap Rate | 8.52% |
| Price | $619,000 | NOI | $52,717 |
| Price Per SF | $249.40 | No. Parking Spaces | 3 |
| Condo Use | Office | Sale Conditions | Bulk/Portfolio Sale, Lease Option |
| Sale Type | Investment | APN/Parcel ID | 30473-101-000 |
| Unit Size | 2,482 SF |
| Price | $619,000 |
| Price Per SF | $249.40 |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 8.52% |
| NOI | $52,717 |
| No. Parking Spaces | 3 |
| Sale Conditions | Bulk/Portfolio Sale, Lease Option |
| APN/Parcel ID | 30473-101-000 |
Description
This is a Commercial condo, end unit, great visibility and has the most windows and natural light in the building, remodeled and in fantastic shape. great location with a lot of traffic, located in a plaza with multiple businesses, including restaurant, Liquor store, coffee shop, dentist office, hair studio and grocery store. The condo features 2,485 square feet, has extra large front desk, waiting area, which can easily be separated as an additional office, 4 extra large office, additional very large conference room, laundry room with washer and dryer, storage closet and additional storage space ( possibly additional office in the back), kitchen/breakroom and bathrooms. Currently leased out to a vacation rental/ property management company with 2 years left on the current lease. They are flexible and can continue the lease, or can vacate if the new Owner prefers it. The lease is NNN. It could be used as retail, medical, office, etc.
The Owner is a licensed Real Estate Agent in the State of Florida.
Sale Notes
Great Investment opportunity with triple net lease in place. Fully built out for the current use.
The Owner is a licensed Real Estate Agent in the State of Florida.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 148 | - | 623 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Dining Room
- Freezer
Site Amenities
- 24 Hour Access
- Fitness Center
- Pool
- Tenant Controlled HVAC
- Waterfront
- Conference Rooms
- Maintenance on site
- Smoke Detector
zoning
| Zoning Code | COMM (Commercial) |
| COMM (Commercial) |
Learn More About Investing in Apartment Buildings
Presented by
Michael Stoyanov
8700-8730 Thomas Dr - St Thomas Square Commercial Condo
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