$5,750,000

912-1120 Thomas Drive, Panama City Beach, FL 32408

0 Beds, 0 Baths
Varnes Realty
0 Beds
0 Baths
25,447 Sqft
0 Acres
0 Garages

Coastal Palms Village consists of a 16,219 square feet 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. Cap Rate is 5.7%. All leases are Triple Net Leases. Tremendous Upside! Tenants include Dunkin Donuts, Rupert's Cleaners, Rose's Nails, The Egg &

Essential Information
MLS® #666930
Price$5,750,000
Square Footage25,447
Acres0.00
Year Built2008
Sub-TypeOther
StyleCommercial
StatusActive
Community Information
Address912-1120 Thomas Drive
Area03 - Bay County - Beach
SubdivisionCoastal Palms Commercial
CityPanama City Beach
CountyBay
StateFL
Zip Code32408
Exterior
ConstructionConcrete, Floor - Concrete
School Information
ElementaryPatronis
MiddleSurfside
HighArnold
Additional Information
Days on Website874
ZoningGeneral Commercial
HOA Fees0.00

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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

Listing information last updated on September 23rd, 2020 at 7:48pm CDT.

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