$995,000 - 6908-4lots Thomas Drive, PANAMA CITY BEACH

THIS PROPERTY CONSISTS OF 4 LOTS (50' X 117' EACH) AND IS SITUATED AT A SUPERIOR LOCATION ON THOMAS AND BEACH DRIVE. IT HAS 100 FRONT FEET ALONG THE NORTHERLY RIGHT-OF-WAY OF THOMAS DRIVE EXTENDING THROUGH 235' WITH 100 FRONT FEET FACING BEACH DRIVE. IT IS LOCATED 800' FROM THE GULF OF MEXICO. IT IS IN THE IMMEDIATE VICINITY OF NUMEROUS HIGH-RISE CONDOS AND BEACH HOUSES. THE SITE CONTAINS AN ESTIMATED 23,500 SQ FT OF GROSS LAND AREA OR 0.54 ACRES. THE SITE HAS ADEQUATE DRAINAGE AND STORM WATER MANAGEMENT FACILITATED BY NATURAL ABSORPTION AND INTO A DRAINAGE SWALE ALONG THOMAS DRIVE. THE LAST FLOOD ZONE CERTIFICATION INDICATED THE PROPERTY TO BE IN A NON-FLOOD HAZARD AREA. UTILITIES FOR THE SITE ARE PUBLIC WATER, SEWER, ELECTRICAL POWER, TELEPHONE SERVICE, TV CABLE SERVICE, AND NATURAL GAS. IT IS ZONED NEIGHBORHOOD COMMERCIAL. THE 6000 SQ FT BUILDING LOCATED ON THE PROPERTY IS A COMMERCIAL GRADE STRUCTURE. IT WAS RECENTLY REMODELED INSIDE AND USED AS A RESTAURANT. THERE ARE MANY USES FOR THIS BUILDING. THE BUILDING DIMENSIONS ARE 60' X 100' X 16'. MANY POSSIBILITIES EXIST FOR THIS PROPERTY. WHEN VIEWING PHOTO, THE PROPERTY CONSISTS OF THE BUILDING AND 2 LOTS BEHIND IT. 3 OTHER ADJOINING LOTS ARE ALSO AVAILABLE. SEE MLS 420390. SELLER FINANCING AVAILABLE WITH FAVORABLE TERMS. For Investors Only. Property is currently leased.