Turnkey Restaurant with Liquor
301 Cherry St Panama City, FL 32401
For Sale
Contact for pricing
Turnkey 52-seat restaurant with wine and beer license, including furnishings, fixtures, equipment, and kitchen inventory.
Property Size1,500 SF
Price / SF$299.93
Days on Market8
Property Features for 301 Cherry St
General Information
Standard status
Active
Size
1,500 SF
Property subtype
RETAIL
Listing Agency:
Century 21 - Commander Realty, Inc. | Panama City
(850) 596-0303
Listed By:
Cari Henry · License #SL3468501
Source:
Moodyscre
Added: Jul 22
Changed: Jul 28
Last Checked: Jul 28 at 5:19AM
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 Century 21 - Commander Realty, Inc. | Panama City
Investment Insights
Based on property information with market context.
This sale offers a turnkey, established restaurant operation with seating for 52. The property comes fully equipped and includes the interior furnishings, fixtures, equipment, and kitchen inventory. The existing setup includes a wine and beer license and a flexible layout that can support a range of restaurant concepts.
The business is currently operating as a Thai restaurant and is positioned in the Downtown Cove area. The offering includes the real property and interior contents, providing a straightforward path for an owner-operator or investor seeking to take over an operating restaurant in a central downtown setting.
The business is currently operating as a Thai restaurant and is positioned in the Downtown Cove area. The offering includes the real property and interior contents, providing a straightforward path for an owner-operator or investor seeking to take over an operating restaurant in a central downtown setting.
Key Highlights
- 52‑seat restaurant in the Downtown Cove area
- Includes real property plus interior furnishings, fixtures, equipment, and kitchen inventory
- Fully equipped and ready for its next owner
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.4k | $21.60 |
| − Vacancy | −$1.9k | −$1.30 |
| EGI | $30.5k | $20.30 |
| − OpEx | −$7.6k | −$5.08 |
| NOI | $22.8k | $15.23 |
1,500 SF · lease $21.60/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$326.3K
$285.5K – $380.7K
NOI $22,842 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$377.2K
$330.1K – $440.1K
NOI $26,406 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey 52-seat restaurant with wine and beer license, including furnishings, fixtures, equipment, and kitchen inventory.
Where is this conventional restaurant located?
The property is located at 301 Cherry St Panama City, FL.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 52‑seat restaurant in the Downtown Cove area; Includes real property plus interior furnishings, fixtures, equipment, and kitchen inventory; Fully equipped and ready for its next owner
