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912-948 Thomas Drive

Panama City Beach, FL 32408
  • $3,800,000
  • STATUS: Active
  • ON SITE: 1419 Days
  • MLS #: 666936
UPDATED: 73 min ago
$3,800,000
  • 0
    BEDS
  • 1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2008
County:
Bay

School Information

Elementary School:
Middle School:
High School:

Description

The Coastal Palms Village Strip Center is a Class A, Retail/Office, 16,219 square feet 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 90% of space is occupied. Tenants include Dunkin Donuts, Rupert Cleaners, 4M Engineering, Nephrology Associates, Fatty's Sandwich Shop, Fatty Patty's Restaurant and Bakery, and Rose Nails. One space is Vacant and is Available.Vacant vanilla space is complete with plumbing stub out, HVAC in place, and electric run to the space. Dunkin Donut unit is equipped with a Drive Up Window. Coastal Palms Village is located on Thomas Drive directly across from the Naval Support System. Thomas Drive is the main tourist artery that serves the beaches. Other retail in the area include Burger King, Egg & I, Legacy Cabinets, as well as LaQuinta Hotel. All leases are Triple Net Leases. TREMENDOUS UPSIDE!! SELLER IS OFFERING FINANCING WITH 30% DOWN, PAYMENTS BASED ON A 30 YEAR TERM WITH A 10 YEAR CALL. INTEREST RATE AT 6.5%. ADDITIONAL PROPERTY AVAILABLE SEE MLS 666940 AND 666930

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© 2021 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. Data last updated: 2021-12-07T13:04:03.58.
www.countsbeachhomes.com/homes/80046124
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912-948 Thomas Drive Panama City Beach, FL 32408

  • Price: $3,800,000
  • Status: Active
  • On Site: 1419 Days
  • Updated: 73 min ago
  • MLS #: 666936
0
Beds
0
Baths
0
½ Baths
1
Acres
2008
Built
Neighborhood:
Coastal Palms Commercial
County:
Bay
Area:
Bay County-Beach
Elementary School:
Patronis
Middle School:
Surfside
High School:
Income Producing
Property Description
The Coastal Palms Village Strip Center is a Class A, Retail/Office, 16,219 square feet 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 90% of space is occupied. Tenants include Dunkin Donuts, Rupert Cleaners, 4M Engineering, Nephrology Associates, Fatty's Sandwich Shop, Fatty Patty's Restaurant and Bakery, and Rose Nails. One space is Vacant and is Available.Vacant vanilla space is complete with plumbing stub out, HVAC in place, and electric run to the space. Dunkin Donut unit is equipped with a Drive Up Window. Coastal Palms Village is located on Thomas Drive directly across from the Naval Support System. Thomas Drive is the main tourist artery that serves the beaches. Other retail in the area include Burger King, Egg & I, Legacy Cabinets, as well as LaQuinta Hotel. All leases are Triple Net Leases. TREMENDOUS UPSIDE!! SELLER IS OFFERING FINANCING WITH 30% DOWN, PAYMENTS BASED ON A 30 YEAR TERM WITH A 10 YEAR CALL. INTEREST RATE AT 6.5%. ADDITIONAL PROPERTY AVAILABLE SEE MLS 666940 AND 666930
Exterior Features

Construction Status Construction Complete Transport Access 4-Lane

Interior Features

Sq Ft Total Building 17960.00

Property Features

Commercial Sale Sub Type Arnold Community Resort None Financing Owner Hoa Fee No List Class Other Occupancy Status Occupied Offering Type Sale With Lease Present Zoning General Commercial Pricing Type Sale Price

Listing provided courtesy of Varnes Realty. Listing information © 2021 Central Panhandle Association of Realtors MLS.


© 2021 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. Data last updated: 2021-12-07T13:04:03.58.
 
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Counts Real Estate Group
2104 Thomas Drive
Panama City Beach FL, 32408