702 Tyndall Pkwy Panama City, FL 32404-3218
This exceptional 4,017 square foot commercial property, located at 702 S Tyndall Parkway in Panama City, Florida, presents a remarkable investment opportunity. Completely remodeled in 2023, this building boasts a prime location on the highly visible southwest corner of S Tyndall Parkway and Lake Drive, benefiting from a 2023 Annual Average Daily Traffic count of 34,000. The property, zoned GC (General Commercial), is ideally suited for a variety of uses, including a church, office space, retail establishment, or restaurant. Features include new tile throughout the lobby, offices, and hallways; a new kitchen; updated AC and electrical systems; a new transformer; and fresh interior paint. The central area features high vaulted ceilings, abundant natural light, and carpet, with capacity for approximately 100 people. Three office spaces, two new bathrooms, and a bonus area near the kitchen add to the functionality. Ample parking is available, including paved areas and an additional grassy space. Situated on a 25,264.8 square foot lot (over half an acre), this property is ready for immediate occupancy. Built in 1979, this building offers a blend of established infrastructure and modern updates, making it an attractive option for discerning buyers.
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Whataburger Restaurant Take-out & Catering
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BC02 · Panama City, FLPanama City. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.