912-1120 Thomas Drive, Panama City Beach, FL


Previous Next



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


Is Waterfront No
Has Pool No


Interior Concrete
Has Basement No
Fireplace No
Stories 1


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

Request a Showing

Provide a valid email address.
When would you like to view this property?