Panama City, FL Conventional restaurants for sale

Updated: Sep 23, 2025

Commercial

9860 S Thomas Drive #R-11, Panama City, FL 32408

$305,865

1,001 sqft

Unparalleled visibility at one of the busiest intersections in Panama City Beach.
Existing restaurant setup in a retail unit at Laketown Wharf.
High‑density on‑site customer base with over 700 residential units and short‑term vacation renters.
Versatile space that can be retrofitted for various retail businesses.
Two entrances, one facing Thomas Drive and one facing the lake.

View details

This listing looks promising.

Here's a quick look at some key insights for

9860 S Thomas Drive #R-11, Panama City, FL 32408

View Property Analytics

Est. Cap Rate

5%
NOI ÷ price
Est. NOI

$15K
Annual
Price @ 7% Cap

$218K
Suggested
Last Sold

Sep 2025
$62K

View Property Analytics

Updated: Jan 16

Poured-Concrete Rooftop Restaurant Opportunity

436 Harrison Avenue, Panama City, FL 32401

$1,100,000

26,400 sqft 0.15 AC lot

Mashburn Building constructed in poured concrete from foundation to roof; engineered with added steel reinforcement in recent years
Rooftop spans +/- 6,000 SF with two staircases and an accessible elevator installed for easy rooftop access
Membrane roof; year built 1939 with concrete construction (foundation to roof)
All major utilities required for a restaurant, bar, or additional residential units are already stubbed to the roof
No stormwater requirements reported and no parking requirements needed for this rooftop concept

View details

Versatile Commercial Building For Sale

2209 Thomas Drive, Panama City, FL 32408

$1,490,000

2,430 sqft 1.15 AC lot

Former bank building suitable for office, restaurant, or retail.

View details

Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Panama City, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Retail Building on Highway Frontage

3612 Washington St, Chipley, FL 32428

$800,000

3,700 sqft

Commercial property with a 3,700-square-foot building and about 175 feet of Highway 77 frontage.

View details

Turn-Key Restaurant Opportunity

20737 Hwy 20, Blountstown, FL 32424

$160,000

3,446 sqft

Restaurant space in historic downtown Blountstown with equipment included.

View details

Established Restaurant with Multiple Income

5163 Highway 77, Chipley, FL 32428

$350,000

2,682 sqft 1.03 AC lot

Family-owned restaurant with diverse income streams on Highway 77.

View details

Restaurant Opportunity in Blountstown

Blountstown, FL 32424

$175,000

3,446 sqft

Turn-key restaurant property on State Road Hwy 20.

View details

Panama City, FL Conventional Restaurants Market Trends and Statistics

Explore 3 conventional restaurants for sale in Panama City, FL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 29,831 square feet of properties for sale, with an estimated market value of $2,895,865.

Sale prices for conventional restaurants in Panama City, FL start at $305,865, averaging $965,288, and reaching up to $1,490,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
32408	$1.1M
32401	$1.6M

Neighborhood

Average Price

32408

$1.1M

32401

$1.6M