New Town Realty LLC
    850-258-6429
    4415 Moss Hill Road, Chipley, FL 32428

    Go Back

    1114-1120 THOMAS Drive Panama City Beach, FL 32408

    Main photo of property

    Coastal Palms Commercial
    MLS Number: 666940

    MLS #666940 Photo Number 1
    MLS #666940 Photo Number 2
    MLS #666940 Photo Number 3
    MLS #666940 Photo Number 4
    MLS #666940 Photo Number 5
    MLS #666940 Photo Number 6
    • How Many Views 92 Views
    • Property Type Other
    • Square Foot of House 0 Sq Ft
    • Number of Beds 0 Beds
    • Number of Baths / 0 Baths
    • 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

    Inquire About This Property

    • Architecture

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

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

      • Waterview:
      • Parking:
      • Utilities:
      • Zoning:
    • 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
--Information deemed reliable but not guaranteed-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--
Copyright: 2020 by CPAR