Chris Allen
Real Broker LLC
(855) 977-1399
82 Total Sales
1 in Lower Grand Lagoon
$460,000 Price
Estimated Value: $1,192,023
Zoned C1 Bay County. Practically Brand New Commercial Investment situated in the bustling heart of Panama City Beach right across from the worlds most beautiful beaches now boasts 111 BRAND NEW Storage Units meticulously constructed with Spray Foam insulation. Commercial Space 100% Occupied at 54k in Gross Income, and Storage Units 100% Vacant awaiting a New Owner to fill them up. Expected Income on Storage Units at 100% Occupancy 90k a Year. Offering a blend of Indoor Climate Controlled Units, alongside Outdoor units, these spaces are primed for immediate rental, enabling you to tap into a lucrative stream of passive income. Nestled on Thomas Drive, a central location in Panama City Beach, this property includes two recently renovated Offices, ideal for accommodating your next tenant or for owner occupancy. With a suite of upgrades including a New Roof, Fresh Siding, Vibrant Paint, Secure Gates, state-of-the-art Storage Units featuring Spray Foam insulation, and a revitalized Landscape complete with a sprinkler system, this property stands as a Turn Key investment opportunity. This exceptional property seamlessly integrates practical design with operational efficiency. With ample parking space for 11 vehicles and a flexible layout housing 111 storage units alongside two fully functional commercial offices, this property caters to individuals with a discerning business acumen. Moreover, the potential of this commercial complex extends beyond its current offerings. Envision tailoring the property's features to suit your specific needs, whether it entails reconfiguring office spaces to align with your business model or capitalizing on the rental potential of the available storage units.
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Chris Allen
Real Broker LLC
(855) 977-1399
82 Total Sales
1 in Lower Grand Lagoon
$460,000 Price
Denise Vickers
Keller Williams Success Realty
(256) 824-9473
18 Total Sales
2 in Lower Grand Lagoon
$315K - $320K Price Range
Janice Overbeck
Keller Williams Realty Atl North
(855) 759-0551
730 Total Sales
1 in Lower Grand Lagoon
$1,299,000 Price
Brett Bianca
Compass
(850) 613-0278
29 Total Sales
1 in Lower Grand Lagoon
$3,425,000 Price
Stephanie Harrington
Engel & Volkers Pensacola
(850) 810-1175
75 Total Sales
1 in Lower Grand Lagoon
$399,500 Price
Susan Morrison
Anchor Realty Florida
(850) 818-3257
125 Total Sales
2 in Lower Grand Lagoon
$377K - $495K Price Range
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $100 | None Listed On Document | ||
| $1,220,000 | None Listed On Document | ||
| $637,500 | Attorney | ||
| $500,000 | Mti Title Ins Agency Inc |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $600,000 | ||
| Previous Owner | $425,000 |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/31/2025 03/31/25 | Sold | $1,220,000 | -18.6% | $115 / Sq Ft | |
| 02/27/2025 02/27/25 | Pending | -- | -- | -- | |
| 11/25/2024 11/25/24 | Price Changed | $1,499,000 | -9.2% | $141 / Sq Ft | |
| 11/11/2024 11/11/24 | For Sale | $1,650,000 | 0.0% | $155 / Sq Ft | |
| 11/10/2024 11/10/24 | Off Market | $1,650,000 | -- | -- | |
| 06/06/2024 06/06/24 | Price Changed | $1,650,000 | -8.3% | $155 / Sq Ft | |
| 05/02/2024 05/02/24 | Price Changed | $1,800,000 | -10.0% | $170 / Sq Ft | |
| 03/29/2024 03/29/24 | For Sale | $2,000,000 | +300.0% | $188 / Sq Ft | |
| 06/20/2022 06/20/22 | Off Market | $500,000 | -- | -- | |
| 01/08/2015 01/08/15 | Sold | $500,000 | -16.0% | -- | View Prior Sale |
| 01/06/2015 01/06/15 | For Sale | $595,000 | -- | -- | |
| 01/05/2015 01/05/15 | Pending | -- | -- | -- |
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,877 | $615,344 | $458,040 | $157,304 |
| 2024 | $7,994 | $624,685 | $458,040 | $166,645 |
| 2023 | $7,994 | $623,407 | $458,040 | $165,367 |
| 2022 | $7,395 | $622,074 | $458,040 | $164,034 |
| 2021 | $7,993 | $627,106 | $0 | $0 |
| 2020 | $7,242 | $587,888 | $370,260 | $217,628 |
| 2019 | $6,787 | $552,116 | $336,600 | $215,516 |
| 2018 | $6,097 | $471,154 | $0 | $0 |
| 2017 | $6,208 | $476,767 | $0 | $0 |
| 2016 | $6,253 | $471,540 | $0 | $0 |
| 2015 | $6,444 | $473,077 | $0 | $0 |
| 2014 | $6,546 | $481,435 | $0 | $0 |
Seller's Agent in 2025
Zack Sanchez
Think Real Estate
(850) 890-6262
210 Total Sales
A
Seller's Agent in 2015
Anne Stroud
Top Producers Real Estate Center
H
Buyer's Agent in 2015
Harry Tice
Top Producers Real Estate Center
R
Buyer Co-Listing Agent in 2015
Rocky Wright
Keller Williams Success Realty
Source: Central Panhandle Association of REALTORS®
MLS Number: 754973
APN: 30875-000-000
Ask me questions while you tour the home.