Retail and Office Strip Center on Thomas Drive for Sale or Lease

Shopping Center for Sale
Catylist Listing ID: 30294213
Property Subtypes: Strip Center
Building Size (RSF): 15,204 SF
Gross Building Area: See Agent
Gross Land Area: 1.45 Acres
Sale Price: $1,600,000
Unit Price: $105.24 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/26/2018

Overview / Comments

Retail and office strip center on Thomas Drive. Great location and quality construction. Existing tenants include; Deloitte Consulting and Serenity Nails & Salon lease the south end of the center. Two units were vacated last year and are on the market for lease at $12.00 NNN per sq. ft. Tremendous upside potential for an investor or ideal for a retail, or office, user who prefers to own their own building. The two vacant units are 4,400 sq. ft. and 6,100 sq. ft. and can be combined or subdivided as needed. Call for detailed financials and lease terms.

Additional Details

Nearest MSA: Panama City
County: Bay
Taxing Authority: Bay County
Tax ID/APN: 31144-010-010
Retail Clientele: Family, Business, Tourist, Recreation
Property Visibility: Excellent
Construction/Siding: Stucco

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,832 20,682 47,963
Median Age: 40.91 39.83 40.69
Households: 1,765 9,082 20,962


Photograph of Listing Agent

Christopher McCall

Counts Real Estate Group Gulf Coast CMLS Member
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