80
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$565,000
Est. payment /mo
0.33 Acres Lot
Active
2900 E 5th ST Panama City, FL 32401
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision No Named Subdivision
MLS Listing ID 765959
HOA Y/N No
Year Built 1947
Lot Size 0.330 Acres
Acres 0.33
Property Sub-Type Other
Property Description
Prime Commercial Opportunity in the Heart of Panama City
This versatile GC-2 zoned property offers a rare combination of turnkey business readiness and strong investment potential. Situated on 0.33 acres with an Annual Average Daily Traffic count of 18,100, it provides excellent visibility, accessibility, and zoning flexibility for a wide range of commercial uses.
The property features two distinct buildings. The first is a 1,976 square foot restaurant with a newly updated kitchen and all equipment and furnishings included. Upstairs is an approximately 1,242 square foot apartment that can generate additional rental income or serve as an owner-occupied residence. The restaurant is truly turnkey with recent improvements including a deep fryer filter oil cleaner with filters, two deep fryers, two deep freezers, one large commercial refrigerator, a commercial five-layer oven, a six-burner stove, a flat top grill, a hamburger refrigerator, a mini fridge, a POS system, a drink fountain, an ice machine, a grease trap, a mop sink, a mini split A/C unit, a new rack window, and forty brand new chairs.
The second building is a renovated 1,262 square foot office or retail space, ideal for professional services, boutique retail, or other business ventures.
This property stands out as a unique opportunity with a mix of income-producing space and move-in ready business infrastructure. Whether you are an investor seeking multiple streams of rental income or a business owner ready to step into a fully equipped restaurant, this property delivers exceptional value and flexibility in one of Panama City's most visible commercial corridors.
This versatile GC-2 zoned property offers a rare combination of turnkey business readiness and strong investment potential. Situated on 0.33 acres with an Annual Average Daily Traffic count of 18,100, it provides excellent visibility, accessibility, and zoning flexibility for a wide range of commercial uses.
The property features two distinct buildings. The first is a 1,976 square foot restaurant with a newly updated kitchen and all equipment and furnishings included. Upstairs is an approximately 1,242 square foot apartment that can generate additional rental income or serve as an owner-occupied residence. The restaurant is truly turnkey with recent improvements including a deep fryer filter oil cleaner with filters, two deep fryers, two deep freezers, one large commercial refrigerator, a commercial five-layer oven, a six-burner stove, a flat top grill, a hamburger refrigerator, a mini fridge, a POS system, a drink fountain, an ice machine, a grease trap, a mop sink, a mini split A/C unit, a new rack window, and forty brand new chairs.
The second building is a renovated 1,262 square foot office or retail space, ideal for professional services, boutique retail, or other business ventures.
This property stands out as a unique opportunity with a mix of income-producing space and move-in ready business infrastructure. Whether you are an investor seeking multiple streams of rental income or a business owner ready to step into a fully equipped restaurant, this property delivers exceptional value and flexibility in one of Panama City's most visible commercial corridors.
Location
State FL
County Bay
Area 02 - Bay County - Central
Interior
Fireplace No
Schools
Elementary Schools Parker
Middle Schools Everitt
High Schools Rutherford
Others
Tax ID 23300-000-000
Acceptable Financing Cash
Listing Terms Cash
Financing Conventional
Special Listing Condition Listed As-Is
Listed by ERA Neubauer Real Estate Inc
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