1138 Coastal Hwy Dr Panacea, FL 32346
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.