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

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

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Type Commercial
Year Built 2008
City Panama City Beach
County Bay
Subdivision Coastal Palms Commercial
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

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