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912-1120 Thomas Drive

Panama City Beach, FL 32408
  • $5,750,000
  • STATUS: Active
  • ON SITE: 1592 Days
  • MLS #: 666930
UPDATED: 40 min ago
$5,750,000
  • 0
    BEDS
  • 4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2008
County:
Bay

School Information

Elementary School:
Middle School:
High School:

Description

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

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© 2022 Central Panhandle Association of Realtors MLS. All rights reserved. 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 is deemed reliable but is not guaranteed accurate by the MLS or Counts Real Estate Group, Inc.. Data last updated: 2022-05-29T00:04:03.973.
www.countspanamacity.com/homes/80040989
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912-1120 Thomas Drive Panama City Beach, FL 32408

  • Price: $5,750,000
  • Status: Active
  • On Site: 1592 Days
  • Updated: 40 min ago
  • MLS #: 666930
0
Beds
0
Baths
0
½ Baths
4
Acres
2008
Built
Neighborhood:
Coastal Palms Commercial
County:
Bay
Area:
Bay County-Beach
Elementary School:
Patronis
Middle School:
Surfside
High School:
Arnold
Property Description
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
Exterior Features

Construction Materials Concrete Levels One Stories 1

Interior Features

Flooring Concrete

Property Features

Association YN No Building Area Total 25447 Listing Agreement Exclusive Right To Sell Listing Terms CashConventionalOwner May Carry Occupant Type Occupied Possible Use Commercial Property Sub Type Other Property Sub Type Additional Other Waterfront YN No Zoning Description General Commercial

Listing provided courtesy of Varnes Realty. Listing information © 2022 Central Panhandle Association of Realtors MLS.


© 2022 Central Panhandle Association of Realtors MLS. All rights reserved. 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 is deemed reliable but is not guaranteed accurate by the MLS or Counts Real Estate Group, Inc.. Data last updated: 2022-05-29T00:04:03.973.
 
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Counts Real Estate Group, Inc.
3009 Highway 77, Suite H
Panama City FL, 12345