$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
Sold Date 12/20/23
HOA Y/N No
Year Built 2008
Lot Size 1.000 Acres
Acres 1.0
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
Interior
Fireplace No
Exterior
Waterfront No
Building
Entry Level One
Level or Stories One
Schools
Elementary Schools Patronis
Middle Schools Surfside
High Schools Arnold
Others
Tax ID 30159-400-106
Acceptable Financing Owner May Carry
Listing Terms Owner May Carry
Financing Seller Financing
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Bought with Rainier Properties, Inc.