1623 15th St Panama City, FL 32401-1743

This exceptional Panama City retail property, located on Highway 98, offers 3,512 square feet of space in a high-traffic area with nearly 40,000 average daily vehicles passing by. Boasting 125 feet of frontage and a 300-foot depth on a nearly one-acre lot (37,461.6 sq ft), this CG-2 zoned property provides unparalleled visibility. The existing building features a well-appointed interior with a 30-foot solid wood bar, ample seating, seven TVs, and bar equipment. A large 1,184 square foot exterior deck adds versatile outdoor space. Recent upgrades include a 2018 roof replacement, AC unit replacements (2021 and 2023), and main waterline and sewer line replacements (2022). The majority of the lot is cleared, presenting significant redevelopment potential for retail, office, or service-oriented businesses. Priced at $849,900, this property built in 1969 represents a prime investment opportunity in a thriving commercial zone.