1138 Coastal Hwy Dr Panacea, FL 32346

Property Details for 1138 Coastal Hwy Dr

Lot size

0.23 lot acres

Property size

659 SF

Property type

Commercial real estate

Description

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.

Location Insight

City

Panacea

County

Wakulla

State

Florida

Longitude

-84.3917

Latitude

30.0202