New Town Realty LLC
    4415 Moss Hill Road, Chipley, FL 32428

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    1114-1120 THOMAS Drive Panama City Beach, FL 32408

    Main photo of property

    Coastal Palms Commercial
    MLS Number: 666940

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    • How Many Views 92 Views
    • Property Type Other
    • Square Foot of House 0 Sq Ft
    • Number of Beds 0 Beds
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    • Share
    • $2,100,000

    The structure is a Class A, Retail/Office, 6,901 square feet building with tremendous upside. It 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 building consists of 2 units with one at 4985 square feet and the other at 1916 square feet. Taylor's Restaurant currently occupies the 4985 square feet unit. They are currently in their 2nd 5-year lease term. Annual rent plus CAM is $103,611. Realty One Group Emerald Coast occupies the remaining 1916 square feet of the building. They have a 2-year lease which started Sept 2021. Current rental income is

    Listing provided courtesy of Varnes Realty

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    • Architecture

      • Year Built: 2008
      • Stories: 0
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    • Community

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

Current Data as of Mon Nov 28 6:30:32 CST 2022
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