$3,200,000
$3,800,000
15.8%For more information regarding the value of a property, please contact us for a free consultation.
912-948 THOMAS DR Panama City Beach, FL 32408
1 Acres Lot
Key Details
Sold Price $3,200,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Coastal Palms Commercial
MLS Listing ID 666936
Year Built 2008
Lot Size 1.000 Acres
Property Description
The Coastal Palms Village Strip Center is a Class A, Retail/Office, 16,169 rentable SF building with tremendous upside. The strip center 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 complex also has ample parking and excellent signage on Thomas Drive. The strip center consists of 10 units with various square footage. Currently 100% of space is occupied. Tenants include Dunkin Donuts, Salty Mermaid, Fatty's Sandwich Shop, Cool Vapors, Nephrology Associates, Fade Away, Fatty Patty's Restaurant and Bakery, and Rose Nails. Current annual income is $307,124.
Location
State FL
County Bay
Area 03 - Bay County - Beach
Exterior
Waterfront No
Schools
Elementary Schools Patronis
Middle Schools Surfside
High Schools Arnold
Others
Acceptable Financing Owner May Carry
Listing Terms Owner May Carry
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Bought with Rainier Properties, Inc.