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Retail Building with Drive-Through
For Sale
Contact for pricing
Pending

2875 W 23rd Street, Panama City, FL 32405

Freestanding commercial building with an existing drive-through and interior space requiring updates and additional build-out.

Property SizeContact for details
Days on Market142

Property Features for 2875 W 23rd Street

General Information

Standard status Pending
Property subtype Retail
Listing Agency: Counts Real Estate Group
Listed By: Jason Oakes · License #0605868
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 1:00AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Counts Real Estate Group

Investment Insights

Based on property information with market context.

This freestanding retail property includes a drive-through component and an interior layout that requires updating and additional build-out. The building is positioned for an owner-user or operator seeking an existing commercial structure with drive-through functionality rather than a ground-up site.

The property is located at 2875 W 23rd Street in Panama City, Florida, near the Hwy 390 and 23rd Street intersection. Planned widening at that intersection is noted as part of the surrounding transportation context. Interior condition and configuration should be evaluated during inspection and showings.

Key Highlights

  • Freestanding retail building with an existing drive‑through
  • Interior improvements and additional build‑out are needed
  • Located at 2875 W 23rd Street, Panama City, FL 32405

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Law Firm Big Box & Wholesale Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

572
Businesses Nearby
18k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Apparel 52% Dining 36% Shops & Services 11%
Goodwill Apparel
9,200 visits/mo 0.1 miles
Tudor's Biscuit World Dining
6,440 visits/mo 0.1 miles
Enterprise Rent-A-Car Shops & Services
2,031 visits/mo 0.5 miles

Demographics for 32405, FL

28,158
Population
13,585
Households
2.1
Avg Household Size
40
Median Age
29%
College-Educated
92%
High-School Grad
18.8 sq mi
ZIP Area
1,498
Density / Sq Mi
$71,002
Median Household Income
$41,867
Median Earnings
$1,418
Median Rent
$255,100
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Similar Off Market Nearby

  • Sam's Club Floral 1707 W 23rd St, Panama City, FL 32405
  • Flour and Flowers Co. Panama City, FL 32401

Frequently Asked Questions

What type of property is this?
Storefront property - Freestanding commercial building with an existing drive-through and interior space requiring updates and additional build-out.
Where is this storefront property located?
The property is located at 2875 W 23rd Street Panama City, FL.
What are key features of this property?
This property features: Freestanding retail building with an existing drive‑through; Interior improvements and additional build‑out are needed; Located at 2875 W 23rd Street, Panama City, FL 32405
(850) 819-4148 Call to check price and availability
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