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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
- MLS® #666930
- Year Built2008
- TypeCommercial Sale
- Listing OfficeVarnes Realty
- Address912-1120 Thomas Drive
- Area03 - Bay County - Beach
- SubdivisionCoastal Palms Commercial
- CityPanama City Beach
- Zip Code32408
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