Coastal Palms Commercial

    MLS Number: 666930
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    912-1120 THOMAS Drive
    Panama City Beach, FL 32408
    Square Foot of House
    0
    Sq Ft
    Number of Beds
    0
    Beds
    Number of Baths
    /0
    Baths
    $5,750,000
     
     
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    Coastal Palms Commercial
    MLS Number: 666930

    David L Malloy
    World Impact Real Estate
    850-258-4947

     

    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

    Listing provided courtesy of Varnes Realty

     

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    • Architecture

      • Year Built: 2008
      • Stories: 0
      • Project Facilities:
      • Construction:
    • Interior Features

      • Square Footage: 0
      • Appliances:
      • Interior Features: Concrete
    • Property Features

      • Waterfront: N/A
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      • Parking:
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      • Zoning:
    • Community

      • HOA Includes:N/A
      • HOA FEE:N/A
      • HOA Payable:N/A
      • Elementary: Patronis
      • Middle: Surfside
      • High: Arnold

Current Data as of Thu Aug 11 19:00:51 CDT 2022
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