Panama City Florida Area Index

Panama City Realty Group

If you have any questions or need more detailed information, please feel free to contact us via phone at 850.774.6582 or fill out the form to let us know how we can help with your Panama City real estate needs.

Panama City Real Estate | Office Location Panama City Realty Group
Keller Williams Success Realty
309 Richard Jackson Blvd., Suite 200
Panama City Beach, Florida 32407
Phone: (850) 774-6582

Refine your search...
Use the form below to narrow down your results
List with Jennifer Mackay
Hi There! Is this Your First Time?

Did you know if you Register you have access to free search tools including the ability to save listings and property searches? Did you know that you can bypass the search altogether and have listings sent directly to your email address? Check out our how-to page for more info.

$3,800,000 - 912-948 Thomas Drive, Panama City Beach

SQ. Feet

The Coastal Palms Village Strip Center is a Class A, Retail/Office, 16,219 square feet building with tremendous upside. The strip center 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 strip center consists of 10 units with various square footage. Currently 60% of space is occupied. Tenants include Dunkin Donuts, Rupert Cleaners, Fatty's Sandwich Shop, Fatty Patty's Restaurant and Bakery, and Rose Nails. Four spaces are Available with 2 previously rented. Vacant vanilla spaces are complete with plumbing stub out, HVAC in place, and electricrun to the space. Dunkin Donut unit is equipped with a Drive Up Window. Coastal Palms Village is located on Thomas Drive directly across from the Naval Support System. Thomas Drive is the main tourist artery that serves the beaches. Other retail in the area include Burger King, Egg & I, PC Beach Yoga, as well as LaQuinta Hotel. Current Cap Rate 4.2 at 60% occupancy. All leases are Triple Net Leases. TREMENDOUS UPSIDE!! SELLER IS OFFERING FINANCING WITH 30% DOWN, PAYMENTS BASED ON A 30 YEAR TERM WITH A 10 YEAR CALL. INTEREST RATE AT 6.5%

Essential Information

  • MLS® #:
  • Price:
  • Square Footage:
  • Price/SqFt:
  • Acres:
  • Year Built:
  • Type:
    Commercial Sales
  • Sub-Type:
  • Style:
  • Status:

Community Information

  • Address:
    912-948 Thomas Drive
  • Area:
    BB-Bay County-Beach
  • Subdivision:
    Coastal Palms Commercial
  • Avg Price in Coastal Palms Commercial:
  • City:
    Panama City Beach
  • County:
  • State:
  • Zip Code:


  • Utilities:
    Electric On Site, Public Sewer, Public Water


  • Heating:
    AC - HVAC, Heat - HVAC
  • # of Stories:


  • Lot Description:
    Cleared, Interior Location, Landscaped, Level, Survey, Site - Strip Mall

School Information

  • Elementary:
  • Middle:
  • High:

Additional Information

  • Date Listed:
    September 16th, 2011
  • Days on Website:
  • HOA:

Listing Details

  • Listing Office:
    Rainer Properties Inc

Get Local Information

This feature is currently unavailable in this listing's region.

MLS# 420394 : This Commercial Sales property is located at 912-948 Thomas Drive, Panama City Beach FL - 32408 in the community of Coastal Palms Commercial and has bedrooms and bathrooms. It has been on the market for 2261 days... Contact me today 850.774.6582 If you would like to a private showing of this property.

Similar Listings

10015 Front Beach [Any] Panama City Beach FL 32407 Commercial Sales real estate for sale

MLS® #: 660078
Panama City Beach
Commercial Sales
MLS® #:
Coldwell Banker Residential Real Estate

High Visibility, Prime Commercial Retail Business With 300 Frontage Feet On Front Beach Road. Thi...

Photo of Listing #660078

13416 Front Beach Road Bahama Beach Panama City Beach FL 32407 Commercial Sales real estate for sale

MLS® #: 646314
Panama City Beach
Commercial Sales
MLS® #:
Counts Real Estate Group Inc

Incredible Opportunity To Own Income Producing Business With Major Dominance In Industry. 6 Strat...

Photo of Listing #646314

12202 Hutchison [Any] Panama City Beach FL 32407 Commercial Sales real estate for sale

MLS® #: 664598
Panama City Beach
Commercial Sales
MLS® #:
Beachy Beach Real Estate

+/- 6.42 Acres, Here Is Your Chance To Own A Fully Operational Income Producing, 100% Occupied Co...

Photo of Listing #664598

DISCLAIMER: IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Source: Bay County Association Of REALTORS® Multiple Listing Service

My Account

Log in, to view your saved searches and add to your favorite listings.

Sign Up Here For Your FREE Account

... So You Can:

  • View detailed property information
  • Print detailed property flyers
  • Save your searches & favorite homes
  • Inquire about a private showing
  • Map individual property locations
  • Share your favorite homes with friends
Interested In This Property?