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    1020 E 23Rd St Panama City, FL 32405

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    For Lease
    Contact for pricing

    Vacant restaurant space near Panama City Mall and Tyndall AFB.

    Property size:
    3,246 SF
    Lot size:
    1.37 Acres

    Property Features for 1020 E 23Rd St

    General Information

    Size
    3,246 SF
    Lot size
    1.37 Acres

    Source: TCII Capital Group (Trade Consulting International, Inc.) Agent Marc Lewin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Former Restaurant Space Available

    The vacant 3,246 square foot restaurant space is located on 23rd Street, which has an average annual daily traffic count of 40,000. Situated as an outparcel to the Hilton Garden Inn and the Panama City Mall, the property benefits from its location along the main retail corridor. It is also in close proximity to Tyndall Air Force Base. A new lease was secured with Trulieve to open a dispensary in this former restaurant location.
    Location Intelligence

    Current Use by Public Records

    Krispy Kreme Donut Shop Trulieve Panama City ... Cannabis Store Trulieve Pharmacy

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.6433712
    Latitude
    30.1891241

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    FAQs

    What type of property is this?
    Retail space - Vacant restaurant space near Panama City Mall and Tyndall AFB.
    Where is this retail space located?
    The property is located at 1020 E 23Rd St Panama City, FL.
    What are key features of this property?
    This property features: - New lease secured with Trulieve (dispensary); - Located on 23rd Street with **high traffic (40,000 AADT)**; - Outparcel to Hilton Garden Inn and Panama City Mall
    (305) 792-5760
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    1020 E 23Rd St Panama City, FL 32405
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    Panama City, FL 32405
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1020 E 23Rd St Panama City, FL 32405
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