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  • Price$5,750,000
  • Acres4.00
  • Built2008

912-1120 Thomas Drive, Panama City Beach

Coastal Palms Village consists of a 16,169 rentable SF Retail Stip Center and a 6901 square feet Class A Building. The site consists of +/- 4 acres with 1150' frontage on Thomas Drive, directly across from the Naval Support System. Completed in 2008, it is Class A construction with tremendous upside. The strip center has 10 spaces and 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 6901 square feet Class A Building has 2 spaces. The complex also has excellent signage on Thomas Drive. Current annual income is $404,607 with expenses at approximately $102,000. Current NOI is approximately $302,607. A Cap Rate of approximately

Essential Information

  • MLS® #666930
  • Price$5,750,000
  • Bathrooms0.00
  • Acres4.00
  • Year Built2008
  • TypeCommercial Sale
  • Sub-TypeOther
  • StatusActive

Interior

  • InteriorConcrete
  • Stories1

School Information

  • ElementaryPatronis
  • MiddleSurfside
  • HighArnold

Listing Details

  • Listing OfficeVarnes Realty

Community Information

  • Address912-1120 Thomas Drive
  • Area03 - Bay County - Beach
  • SubdivisionCoastal Palms Commercial
  • CityPanama City Beach
  • CountyBay
  • StateFL
  • Zip Code32408

Exterior

  • ExteriorConcrete
  • ConstructionConcrete

Additional Information

  • HOA$0
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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