912-1120 Thomas Drive Panama City Beach, FL 32408
$5,750,000
Baths | 25,447 Sq Ft
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Area
Info
Walk Score
30
Price: $5,750,000
Est. payment:
Type: Single Family
Square Feet: 25447.00 sqft
Lot Size: 4.00 acres
Year Built: 2008
Area: Panama City Beach
County: Bay
School District: 03 - Bay County - Beach
Sub Division: Coastal Palms Commercial
MLS: 420398
Status: Active
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Coastal Palms Village consists of a 16,219 square feet 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. Rents have been adjusted for the current market conditions. Actual Cap Rate with the adjusted rents is 5.7%. All leases are Triple Net

Lot & Building Features

Cooling: AC - HVAC, Heat - HVAC
Tax Year: 20

Community and Schools

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Map(s) 912-1120 Thomas Drive

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Direct: 850.625.5002
Office
3434 Highway 77
Panama City, FL 32405
850-872-3434
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912-1120 Thomas Drive (MLS #420398) is a single family home located in Panama City Beach, FL. This is a single family home with a lot of 174,240 sqft (or 4.00 acres). This property was listed on 06/04/2015 and has been priced for sale at $5,750,000.

Nearby zip codes are 32401, 32405 and 32413. This property neighbors other cities such as Panama City.

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Ken Varnes - Rainer Properties Inc

Listing Generation Time: 0.50776600837708 sec
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