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Property profile & analytics
FOR SALE
Turn key restaurants

4100 Highway 98 W Panama City, FL 32405

2,210 SF 0.15 ac lot Built 1979
Individually Owned 1-yr Hold Free & Clear
Property ID
US18-3128788
Property summary
AI-generated overview

This exceptional 78,408 sq ft commercial property, located at 4100 W Hwy 98 in Panama City, Florida (zip code 32405), presents a unique investment opportunity. Built in 1983, the property boasts a versatile layout currently encompassing a restaurant, mini-warehouses, and residential rental units. Its strategic corner location at the intersection of Hwy 98 and Grant Avenue offers significant visibility and accessibility. The property measures approximately 330 feet along Hwy 98 and 232 feet along Grant Avenue. The asking price is $2,144,900. Its diverse existing uses and substantial size suggest significant development potential. The property's zoning and permitted uses should be verified independently. Consider the possibilities for a motel, gas station, or fast-food establishment, capitalizing on the high traffic volume of this prime location. This is an ideal opportunity for an investor seeking a multi-faceted commercial property with substantial upside potential in a thriving Florida market. The property is classified as Special Purpose.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1979
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,210 SF
Lot 0.15 ac (6,600 SF)
Zoning code PC09
APN 28215-000-000
UPID US18-3128788
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Ice Cream Shop ( Ramon's Pizza) Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
John B Mcveigh · 1 yrs held
John B Mcveigh
since 2024
Last sale
$160,000
4 recorded transactions
2024
Price N/A
2021
Price N/A
2011
$160,000
1969
Price N/A
Zoning & alternative use
PC09 · Panama City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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