Shopping Center with Class A
For Sale
Contact for pricing
912-1120 THOMAS Drive, Panama City Beach, FL 32408
The complex combines retail suites with a separate Class A commercial building.
Property SizeContact for details
Days on Market145
Property Features for 912-1120 THOMAS Drive
General Information
Standard status
Active
Property subtype
Retail, Office
Listing Agency:
Varnes Realty
Listed By:
Ken Varnes · License #BK603891
(850) 896-0910
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 5:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Varnes Realty
Investment Insights
Based on property information with market context.
Coastal Palms Village comprises a 16,169-square-foot retail strip center and a separate 6,901-square-foot Class A building. The retail component contains 10 spaces, while the Class A building has two spaces. Construction was completed in 2008 and includes poured concrete block, steel-supported ceilings, a tile roof with one-piece rubber roofing, and a monitored fire sprinkler system. Both exteriors were recently sealed and painted.
The property occupies approximately 4 acres with 1,150 feet of frontage on Thomas Drive, directly across from the Naval Support System. Signage is positioned along Thomas Drive. Existing occupants include Dunkin Donuts, Nick's Cleaners, Rose's Nails, Taylor's Restaurant, Realty One Emerald Coast, Fatty Patty's Restaurant and Bakery, Cool Vapors, Nephrology Associates, and Fatty's Sandwich. The reported cap rate is approximately 5.88.
The property occupies approximately 4 acres with 1,150 feet of frontage on Thomas Drive, directly across from the Naval Support System. Signage is positioned along Thomas Drive. Existing occupants include Dunkin Donuts, Nick's Cleaners, Rose's Nails, Taylor's Restaurant, Realty One Emerald Coast, Fatty Patty's Restaurant and Bakery, Cool Vapors, Nephrology Associates, and Fatty's Sandwich. The reported cap rate is approximately 5.88.
Key Highlights
- 16,169 rentable SF retail strip center with 10 spaces
- Separate 6,901‑square‑foot Class A building with 2 spaces
- Approximately 4 acres with 1,150 feet of Thomas Drive frontage
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
471
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32408, FL
17,479
Population
17,018
Households
1
Avg Household Size
48
Median Age
39%
College-Educated
96%
High-School Grad
8.6 sq mi
ZIP Area
2,032
Density / Sq Mi
$72,322
Median Household Income
$42,749
Median Earnings
$1,453
Median Rent
$352,400
Median Home Value
Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- The Treasure Box by C&M LLC — 1711 Thomas Dr, Panama City Beach, FL 32408
- Navy Exchange Main — 101 Vernon Ave Building No. 395, Panama City, FL 32407
Frequently Asked Questions
What type of property is this?
Shopping center - The complex combines retail suites with a separate Class A commercial building.
Where is this shopping center located?
The property is located at 912-1120 THOMAS Drive Panama City Beach, FL.
What are key features of this property?
This property features: 16,169 rentable SF retail strip center with 10 spaces; Separate 6,901‑square‑foot Class A building with 2 spaces; Approximately 4 acres with 1,150 feet of Thomas Drive frontage
