912-1120 Thomas Drive, Panama City Beach, FL

$5,750,000

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4.00

Acres

About 912-1120 Thomas Drive

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

Features of 912-1120 Thomas Drive

MLS® # 666930
Price $5,750,000
Bathrooms 0.00
Acres 4.00
Year Built 2008
Type Commercial Sale
Sub-Type Other
Status Active

Community Information

Address 912-1120 Thomas Drive
Area 03 - Bay County - Beach
Subdivision Coastal Palms Commercial
City Panama City Beach
County Bay
State FL
Zip Code 32408

Amenities

Is Waterfront No
Has Pool No

Interior

Interior Concrete
Has Basement No
Fireplace No
Stories 1

Exterior

Exterior Concrete
Construction Concrete

School Information

Elementary Patronis
Middle Surfside
High Arnold

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

OfficeVarnes Realty

Listing Map

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