Workshop with Studio
For Sale
$249,000
1138 Coastal HWY Drive, Panacea, FL 32346
COMMERCIAL - Panacea, FL
Property SizeContact for details
Lot Size0.23 Acres
Days on Market685
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
Building Details
Flooring type
Concrete
Building materials
MetalFrame
Roof type
Metal
Listing Agency:
Waypoint Properties
(850) 926-9100
Listed By:
Dena Jackson Pearce · License #3570681
(229) 456-3081
Added: Sep 23, 2024
Changed: Aug 4
Last Checked: Aug 8 at 6:06AM
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 commercial property offers a workshop-style setup with two bay doors, a car lift, and additional storage space. The rear portion of the building features a 1-bedroom, 1-bath studio apartment.
The property sits on double lots with road frontage on US HWY 98 (Coastal Hwy), providing prominent access along the highway in Panacea, Florida.
The offering combines a functional garage/work area with an on-site residential unit, creating a flexible configuration for businesses that want space to operate on the property.
The property sits on double lots with road frontage on US HWY 98 (Coastal Hwy), providing prominent access along the highway in Panacea, Florida.
The offering combines a functional garage/work area with an on-site residential unit, creating a flexible configuration for businesses that want space to operate on the property.
Key Highlights
- High‑traffic location on US HWY 98 (Coastal HWY) with great road frontage.
- Versatile commercial property suitable for various business ventures.
- Equipped with two bay doors and a car lift.
Property Analytics
Current Use
Lease Details
2
Service bays
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Commercial property includes two bay doors, a car lift, and storage plus a rear 1-bedroom, 1-bath studio apartment.
Where is this warehouse 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: High‑traffic location on US HWY 98 (Coastal HWY) with great road frontage.; Versatile commercial property suitable for various business ventures.; Equipped with **two bay doors and a car lift**.
