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Two-Bay Auto Shop
For Sale
$249,000

1138 Coastal HWY Drive, Panacea, FL 32346

CommercialSale, Panacea, FL

Property SizeContact for details
Lot Size0.23 Acres
Days on Market730

Property Features for 1138 Coastal HWY Drive

General Information

Property type Commercial Sale
Property subtype Other
Parking features Paved or Surfaced
Subdivision PANACEA HEIGHTS
Directions 1138 Coastal HWY Panacea FL.
Standard status Active
Lot size 0.23 Acres

Taxes and HOA fees

Tax Annual Amount 803

Utilities

Water source Public

Amenities

two bay doors
car lift
storage space
studio apartment

Building Details

Flooring type Concrete
Building materials MetalFrame
Roof type Metal
Listing Agency: Waypoint Properties
Listed By: Dena Jackson Pearce · License #3570681
Added: Sep 23, 2024 Changed: Sep 8 Last Checked: Sep 22 at 5:06PM
MLS# 377412

Copyright © 2026 Tallahassee Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This metal-frame automotive property includes two bay doors, a car lift, storage space, and concrete flooring. The rear portion contains a one-bedroom, one-bath studio apartment. Paved parking and a metal roof add to the existing improvements, while public water serves the property.

The property occupies a 0.23-acre double lot along US HWY 98, also identified as Coastal HWY, in Panacea, Florida. Its road frontage provides direct exposure along the highway corridor. The site is served by public water and includes paved or surfaced parking.

Key Highlights

  • Two bay doors with car lift and storage space
  • Rear one‑bedroom, one‑bath studio apartment
  • 0.23‑acre double lot

Property Analytics

Current Use

Auto shops

Lease Details

2
Service bays
1
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

36
Businesses Nearby
Well-served
Demand for This Use

Demographics for 32346, FL

1,750
Population
1,716
Households
1
Avg Household Size
55
Median Age
26%
College-Educated
91%
High-School Grad
28.4 sq mi
ZIP Area
62
Density / Sq Mi
$58,382
Median Household Income
$23,889
Median Earnings
$1,468
Median Rent
$233,500
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Similar Off Market Nearby

  • Closed 1281 Coastal Hwy, Panacea, FL 32346

Frequently Asked Questions

What type of property is this?
Auto shop - Metal-frame commercial property with automotive equipment, storage, and a rear studio apartment.
Where is this auto shop located?
The property is located at 1138 Coastal HWY Drive Panacea, FL.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two bay doors with car lift and storage space; Rear one‑bedroom, one‑bath studio apartment; 0.23‑acre double lot
More about this property
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