3123 Thomas Drive, Panama City Beach, FL 32408
sale
$1,675,000
|
Income Producing
Courtesy Of Counts Real Estate Group Inc
Fantastic investment opportunity in Panama City Beach. Lagoon Plaza stays 100% occupied and market rental rates are increasing rapidly. The owner recently leased a vacant space to a friend providing several months of free rent. Once the rent abatement period ends (1/31/2021), the estimated net operating income will be $138,164. Located on south Thomas Drive at the west entry gate to Bay Point and just north of Captain Anderson's and the signalized intersection of North Lagoon Drive. Call for detailed financials and lease information. Please do not disturb the tenants.e. The building had minor damage from Hurricane Michael, and the repairs are now complete. The seller has also installed a new roof. Call for detailed financials and lease information. Please do not disturb the tenant
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Property Features
- Age: 11-20 Years Old
- Architecture Style: Other
- Legal Description: BAY POINT UNIT 1 (3.035) 69C4 TRACT G ORB 1915 P 1409 ORB 2256 P 1080 MAP 69C4 ORB 2323 P 968 ORB 2460 P 383
- MLSID: 681545
- Roof Type: Unknown
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