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    1138 Coastal Hwy Dr Panacea, FL 32346

    For Sale
    $249,000

    Prime Coastal Hwy Location, Versatile Space

    Property size:
    659 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional commercial property, situated at 1138 Coastal Highway Drive in Panacea, Florida, presents a unique investment opportunity. Boasting a generous 659 square feet of interior space, the building is ideally positioned on a double lot totaling 0.23 acres, providing ample room for expansion or outdoor activities. The property benefits from excellent road frontage directly on US Highway 98 (Coastal Highway), ensuring high visibility and accessibility for any business. The building itself features two convenient bay doors, perfect for loading and unloading, along with a car lift and dedicated storage space, catering to a variety of commercial uses. Adding to its versatility, the property includes a self-contained studio apartment comprising one bedroom and one bathroom, offering potential for additional income or on-site accommodation. The asking price is $249,000. This property's combination of prime location, versatile space, and additional residential unit makes it an attractive proposition for entrepreneurs seeking a thriving business environment in a desirable coastal setting. The high traffic count on US Highway 98 ensures significant exposure, while the ample space and features provide flexibility for a wide range of commercial ventures. This is a rare opportunity to acquire a well-located and functional commercial property with significant upside potential.

    Property Features for 1138 Coastal Hwy Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    659 SF
    Lot Size
    10,019 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Panacea
    County
    Wakulla
    State
    Florida
    Longitude
    -84.39175
    Latitude
    30.02018

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Coastal Hwy Location, Versatile Space
    Where is this commercial real estate located?
    The property is located at 1138 Coastal Hwy Dr Panacea, FL.
    What is the asking price?
    The asking price for this property is $249,000.
    (850) 926-9100
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    1138 Coastal Hwy Dr Panacea, FL 32346
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1138 Coastal Hwy Dr Panacea, FL 32346
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