9860 S Thomas Dr | Panama City, FL 32408
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9860 S Thomas Dr
Panama City, FL 32408
Local commercial À vendre · Local commercial Bien À vendre
·
6 039 m²
INFORMATIONS SUR L’IMMEUBLE
| Prix | Pas individuellement en vente | Classe d’immeuble | B |
| Surface de l’immeuble | 6 039 m² | Surface du lot | 3,28 ha |
| Type de bien | Local commercial | Ratio de stationnement | 0/1 000 m² |
| Sous-type de bien | Bien à usage mixte |
| Prix | Pas individuellement en vente |
| Surface de l’immeuble | 6 039 m² |
| Type de bien | Local commercial |
| Sous-type de bien | Bien à usage mixte |
| Classe d’immeuble | B |
| Surface du lot | 3,28 ha |
| Ratio de stationnement | 0/1 000 m² |
RÉSUMÉ ANALYTIQUE
Tap into Panama City Beach’s dynamic economy with this cluster of retail spaces available individually or as a portfolio at 9860 S Thomas Drive.
Located on the ground floor of the Laketown Wharf Resort, these retail spaces benefit from a built-in consumer pool of vacation tourists due to the proximity to the beach and professional travelers with the Laketown Wharf Events Center on site. Dozens of other resorts and hotels surround the property, plus, it is adjacent to the Signal Hill Golf Course. It is highly accessible for visitors from outside the vicinity as it is just off Front Beach Road, the main thoroughfare for beach access, and is the last near-beach hub before it merges into US-98 on the way to Downtown Panama City. As a result of being located at one of the busiest intersections of the city, there is a massive client pool at the doorstep, with 765 private residential condos on-site at Laketown Wharf and 709 at the adjacent Shores of Panama.
Panama City Beach is a retail-heavy market, and despite its renown for being a hotspot for family spring break it boasts an incredibly robust year-round economy. The city’s population since 2010 has grown at nearly 10 times the rate of the overall United States, fueling the nearly 5,000 companies that do business in Bay County. Demographics signal continued growth as the number of households within a five-mile radius of the condos is projected to rise 15% from 2023 to 2028, and they currently report an average income of $91,818. Naturally, tourism is a major driver for the local economy, generating $3 billion in direct visitor spending, according to the Bay County Chamber of Commerce. The county is poised to uphold this strong driver with significant investments, most notably in creating the country’s newest international airport in 2010. More recently, the Bay County Chamber of Commerce launched NextSite, a program dedicated to expanding retail development and redevelopment, and currently supports over 2,000,000 square feet of projects.
Located on the ground floor of the Laketown Wharf Resort, these retail spaces benefit from a built-in consumer pool of vacation tourists due to the proximity to the beach and professional travelers with the Laketown Wharf Events Center on site. Dozens of other resorts and hotels surround the property, plus, it is adjacent to the Signal Hill Golf Course. It is highly accessible for visitors from outside the vicinity as it is just off Front Beach Road, the main thoroughfare for beach access, and is the last near-beach hub before it merges into US-98 on the way to Downtown Panama City. As a result of being located at one of the busiest intersections of the city, there is a massive client pool at the doorstep, with 765 private residential condos on-site at Laketown Wharf and 709 at the adjacent Shores of Panama.
Panama City Beach is a retail-heavy market, and despite its renown for being a hotspot for family spring break it boasts an incredibly robust year-round economy. The city’s population since 2010 has grown at nearly 10 times the rate of the overall United States, fueling the nearly 5,000 companies that do business in Bay County. Demographics signal continued growth as the number of households within a five-mile radius of the condos is projected to rise 15% from 2023 to 2028, and they currently report an average income of $91,818. Naturally, tourism is a major driver for the local economy, generating $3 billion in direct visitor spending, according to the Bay County Chamber of Commerce. The county is poised to uphold this strong driver with significant investments, most notably in creating the country’s newest international airport in 2010. More recently, the Bay County Chamber of Commerce launched NextSite, a program dedicated to expanding retail development and redevelopment, and currently supports over 2,000,000 square feet of projects.
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