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Harrison Lilly Team

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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1114-1120 Thomas Dr , Panama City Beach, FL 32408
$2,200,000
Est. Payment: $12,154.68/mo
7487 Sqft
1 Acres
Status: Active | Days on site: 200
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BVAR - B3315
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Harrison Lilly Team, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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Harrison Lilly Team
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House Description

The structure is a Class A, Retail/Office, 6,901 square feet building with tremendous upside. It is constructed of concrete poured block and steel beam supported ceilings. The roof is tile and one-piece member of rubber. It is equipped with a complete fire sprinkler system and is monitored on a 24/7 basis. The complex also has ample parking and excellent signage on Thomas Drive. The building consists of 2 units with one at 4985 square feet and the other at 1916 square feet. Taylor's Restaurant (previously Egg & I Restaurant) currently occupies the 4985 square feet unit. They are currently in their 3rd 5-year lease term. Realty One Group of the Emerald Coast occupies the remaining 1916 square feet of the building. They have a month to month lease. They have occupied the space for over 4 years. OWNER FINANCING AVAILABLE WITH 20% DOWN, 6% INTEREST, PAYMENTS BASED ON 30 YEAR TERM WITH A 10 YEAR CALL.
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Highlights

Listed by Ken J Varnes , 850-896-0910 Varnes Realty , 850-896-0910. Bay County Association of REALTORS

Property Type

Commercial Sale
Lot/Acreage
1

Year Built

2008

County

Bay

Area

03 - Bay County - Beach

 Neighborhood

Coastal Palms Commercial

Listing ID

783178

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Interior Features

Exterior Features
Principal Interest
$12,155
Taxes
$1,403

Home Price

$2,200,000

Loan Details

30 yrs
7.374%

Down Payment

20%
$440,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$12,154.68

Principal

Taxes

Principal Taxes HOA Total
Monthly $12,154.68 $1,402.50 $0.00 $13,557.18
Yearly $145,856.20 $16,830.00 $0.00 $162,686.20
Total $4,375,685.92 $504,900.00 $0.00 $4,880,585.92

Today's Rates

30 Year

7.37%

20 Year

7.27%

15 Year

6.8%

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Market insight data is pulled from the same city as the listing being viewed (Panama City Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bay County Association of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-07T08:07:44.000Z

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