New Town Realty LLC
    850-258-6429
    3157A Whitaker Lane
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    912-948 THOMAS Drive Panama City Beach, FL 32408

    Main photo of property

    Coastal Palms Commercial
    MLS Number: 666936

    MLS #666936 Photo Number 1
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    • How Many Views 54 Views
    • Property Type Income Producing
    • Square Foot of House 17,960 Sq Ft
    • Number of Beds 0 Beds
    • Number of Baths / 0 Baths
    • Share
    • $3,800,000


    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

    Listing provided courtesy of Varnes Realty

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    • Architecture

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

      • Square Footage: 17960
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      • Lot Access:
      • Lot Description:
      • Waterfront: N/A
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      • Zoning: General Commercial
    • Community

      • HOA Includes:N/A
      • HOA FEE:N/A
      • HOA Payable:N/A



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Current Data as of Mon Nov 29 21:50:10 CST 2021
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