912-948 Thomas Drive

    Panama City Beach, FL 32408
    • $3,800,000
    • STATUS: Active
    • ON SITE: 637 days
    • MLS #: 666936
    UPDATED: 31 min ago
    $3,800,000
    • 0
      BEDS
    • 1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2008
    County:
    Bay

    School Ratings & Info

    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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    © 2019 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: 2019-10-17T17:04:38.053.
    www.countsbeachhomes.com/homes/80046124

    912-948 Thomas Drive Panama City Beach, FL 32408

    • Price: $3,800,000
    • Status: Active
    • Updated: 31 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
    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 Income Producing 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 © 2019 Central Panhandle Association of Realtors MLS.


    © 2019 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: 2019-10-17T17:04:38.053.
     
    Counts Real Estate Group
    2104 Thomas Drive
    Panama City Beach FL, 32408