Commercial for Sale: 912-948 THOMAS, Panama City Beach, FL 32408 SOLD

mls #666936
912-948 THOMAS, Panama City Beach, FL 32408 SOLD
mls #666936
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Selling Price: $3,200,000
Sold Date: 12/20/2023

Type Commercial
Year Built 2008

City Panama City Beach
County Bay
Subdivision Coastal Palms Commercial

MLS 666936
DOM 2163 days
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.

Community and Schools

Elementary School Patronis
Junior High School Surfside
Senior High School Arnold

Map of 912-948 THOMAS, Panama City Beach, FL

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