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    6 properties
    Masonry Retail & Restaurant Building
    Updated: Oct 11, 2025
    Masonry Retail & Restaurant Building

    6908 Thomas Drive, Panama City Beach, FL 32408

    $1,900,000
    6,985 sqft 0.54 AC lot
    0.54‑acre Gulf‑view commercial lot with 100 ft of frontage on Thomas Drive and extending 235 ft through to Beach Drive
    6,985 SF building (concrete block) with metal roof; central electric HVAC; built in 1979
    Zoned C‑1 Neighborhood Commercial (density up to 15 units/acre; max building height 35 ft; setbacks 20 ft front/rear, 5 ft side)
    Previously operated as a bar/restaurant; second floor includes 3 office/storage rooms and additional bathrooms
    Recently completed build‑out with new HVAC system
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    This listing looks promising.

    Here's a quick look at some key insights for

    6908 Thomas Drive, Panama City Beach, FL 32408

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    • Est. Cap Rate

      4.6%
      NOI ÷ price

    • Est. NOI

      $88K
      Annual

    • Mortgage

      $820K
      Nov 2021

    • Last Sold

      Nov 2021
      $1M

    • Property Type

      Retail Stores
      Built 1979
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    Corner Lot Commercial Land
    Updated: Sep 4, 2025
    Corner Lot Commercial Land

    Panama City Beach Parkway, Panama City Beach, FL 32413

    $1,750,000
    0.46 AC lot
    High‑visibility corner lot location at Hwy 98 and Malaga Place on Panama City Beach Parkway.
    Zoned Plaza Commercial, suitable for retail, office, restaurant, or mixed‑use development.
    Located in the #2 fastest‑growing metro in the United States.
    Strong traffic exposure on busy Panama City Beach Parkway.
    Surrounded by rapid residential and commercial growth.
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    Prime Panama City Beach Commercial Property
    Prime Panama City Beach Commercial Property

    515 Evergreen Street, Panama City Beach, FL 32407

    $1,200,000
    5,915 sqft 0.22 AC lot

    High-visibility commercial property near the beach in a thriving area.

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    Panama City Beach Landmark Restaurant
    Panama City Beach Landmark Restaurant

    7724 Front Beach Road, Panama City Beach, FL 32407

    $1,875,000
    9,113 sqft 1.75 AC lot

    1.75 acre Panama City Beach restaurant with commercial zoning.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Retail Building on US Hwy 98
    Retail Building on US Hwy 98

    14501 Panama City Beach Pkwy, Panama City Beach, FL 32413

    $4,450,000

    Freestanding retail building with frontage on US Hwy 98.

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    Commercial Development Site Near Buchanan Bridge
    Commercial Development Site Near Buchanan Bridge

    00 Buchanan Road, Panama City Beach, FL 32413

    $725,000

    Two-acre commercial development site near Latitude Margaritaville.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 6 Active listings in Panama City Beach, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 66 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Corner Mixed-Use Redevelopment Land
    Corner Mixed-Use Redevelopment Land

    1404 New York Avenue, Lynn Haven, FL 32444

    $678,000
    1,649 sqft 0.53 AC lot

    Two existing buildings sit on a corner parcel with access to New York Avenue and Hwy 390.

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    Corner Commercial Land Opportunity
    Corner Commercial Land Opportunity

    1404 New York Avenue A&B, Lynn Haven, FL 32444

    $678,000
    1,649 sqft

    Corner parcel with two existing buildings and dual access from New York Avenue and Hwy 390.

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    Laketown Wharf Commercial Unit
    Laketown Wharf Commercial Unit

    9860 S Thomas Drive #R-8, Panama City, FL 32408

    $843,885
    2,751 sqft

    2679 SF commercial unit suitable for retail or restaurant.

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    Commercial
    Commercial

    9860 S Thomas Drive #R-11, Panama City, FL 32408

    $305,865
    1,001 sqft

    Conventional restaurants · 1,001 SF

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Commercial Parcel on Parkway
    Prime Commercial Parcel on Parkway

    Panama City Beach Parkway, Panama City Beach, FL 32407

    $2,490,000
    2.20 AC lot

    2.2-acre commercial parcel on Panama City Beach Parkway.

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    Prime Commercial Parcel in Panama
    Prime Commercial Parcel in Panama

    Hutchison Boulevard, Panama City Beach, FL 32407

    $875,000
    2.70 AC lot

    2.7-acre commercial parcel on Hutchinson Beach Road.

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    Gulf-Front Development Land
    Gulf-Front Development Land

    14929 Front Beach Road, Panama City Beach, FL 32413

    $6,250,000
    0.82 AC lot

    Waterfront commercial high-intensity zoned land with existing concrete seawall and Gulf frontage.

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    Entitled Commercial Land on Allison
    Entitled Commercial Land on Allison

    1616 Allison Avenue, Panama City Beach, FL 32407

    $2,950,000
    342,817 sqft 7.83 AC lot

    7.834 acres of commercial land in Panama City Beach.

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    Off-Market Properties in Panama City Beach, FL

    Consider similar Off-Market properties in Panama City Beach, FL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    13512 Frnt Bch Rd
    NIGHTCLUB (COCKTAIL LOUNGE)

    13512 Frnt Bch Rd, Panama City Beach, FL 32407-3325

    $740,000
    Estimated value
    13,125 sqft 0.54 AC lot
    View details
    10260 Frnt Bch Rd
    DRIVE-THRU RESTAURANT, FAST FOOD

    10260 Frnt Bch Rd, Panama City Beach, FL 32407-3808

    Value Estimation by Request
    2,863 sqft 0.73 AC lot
    View details
    17112 Panama City Bch Pkwy
    DRIVE-THRU RESTAURANT, FAST FOOD

    17112 Panama City Bch Pkwy, Panama City Beach, FL 32413-5226

    Value Estimation by Request
    3,121 sqft 0.98 AC lot
    View details
    8014 Frnt Bch Rd
    RESTAURANT

    8014 Frnt Bch Rd, Panama City Beach, FL 32407-4800

    $1,105,000
    Estimated value
    4,703 sqft 0.86 AC lot
    View details
    11040 Hutchison Blvd
    RESTAURANT

    11040 Hutchison Blvd, Panama City Beach, FL 32407-3714

    Value Estimation by Request
    10,728 sqft 1.46 AC lot
    View details
    12390 Frnt Bch Rd
    DRIVE-THRU RESTAURANT, FAST FOOD

    12390 Frnt Bch Rd, Panama City Beach, FL 32407-3410

    Value Estimation by Request
    3,951 sqft 0.86 AC lot
    View details
    4900 Thomas Dr
    RESTAURANT

    4900 Thomas Dr, Panama City Beach, FL 32408-6920

    Value Estimation by Request
    1,604 sqft 0.10 AC lot
    View details
    4933 Thomas Dr
    RESTAURANT

    4933 Thomas Dr, Panama City Beach, FL 32408-6919

    $1,405,000
    Estimated value
    3,614 sqft 0.11 AC lot
    View details
    8795 Thomas Dr
    NIGHTCLUB (COCKTAIL LOUNGE)

    8795 Thomas Dr, Panama City Beach, FL 32408-4003

    $1,620,000
    Estimated value
    27,267 sqft 3.67 AC lot
    View details
    10031 Hutchison Blvd
    RESTAURANT

    10031 Hutchison Blvd, Panama City Beach, FL 32407-3827

    Value Estimation by Request
    5,280 sqft 1.23 AC lot
    View details
    7905 Frnt Bch Rd
    DRIVE-THRU RESTAURANT, FAST FOOD

    7905 Frnt Bch Rd, Panama City Beach, FL 32407-4816

    $1,600,000
    Estimated value
    2,174 sqft 1.46 AC lot
    View details
    4723 Thomas Dr
    NIGHTCLUB (COCKTAIL LOUNGE)

    4723 Thomas Dr, Panama City Beach, FL 32408-7322

    $1,500,000
    Estimated value
    6,063 sqft 0.06 AC lot
    View details
    2810 Thomas Dr
    RESTAURANT

    2810 Thomas Dr, Panama City Beach, FL 32408-6248

    $1,045,000
    Estimated value
    7,820 sqft 0.56 AC lot
    View details
    3010 Thomas Dr
    RESTAURANT

    3010 Thomas Dr, Panama City Beach, FL 32408-6229

    Value Estimation by Request
    4,160 sqft 0.24 AC lot
    View details
    17290 Frnt Bch Rd
    RESTAURANT

    17290 Frnt Bch Rd, Panama City Beach, FL 32413-2104

    $4,470,000
    Estimated value
    11,623 sqft 4.13 AC lot
    View details
    12810 Frnt Bch Rd
    NIGHTCLUB (COCKTAIL LOUNGE)

    12810 Frnt Bch Rd, Panama City Beach, FL 32407-3312

    Value Estimation by Request
    2,517 sqft 0.07 AC lot
    View details
    559 Richard Jackson Blvd
    DRIVE-THRU RESTAURANT, FAST FOOD

    559 Richard Jackson Blvd, Panama City Beach, FL 32407-3616

    $1,010,000
    Estimated value
    1,636 sqft 0.27 AC lot
    View details
    2304 Thomas Dr
    RESTAURANT

    2304 Thomas Dr, Panama City Beach, FL 32408-5806

    $610,000
    Estimated value
    1,174 sqft 0.21 AC lot
    View details

    Panama City Beach, FL Restaurants Market Trends and Statistics

    Explore 72 restaurants for sale in Panama City Beach, FL, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 22,013 square feet of properties for sale, with an estimated market value of $4,975,000.

    Sale prices for restaurant properties in Panama City Beach, FL start at $1,200,000, averaging $1,658,333, and reaching up to $1,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 4
    Bars & Pubs 3
    Turn key restaurants 1

    Demographics Overview

    Population 71K
    Population Growth (5Y) +2,055.8%
    Median Household Income $72,438
    College Educated 42.8%

    High-Yield Neighborhoods for Investment

    Identify Panama City Beach submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Panama City Beach $1.9M
    Panama City $2M

    Taxes & Financing

    Tax Rate (average for all types) 1.13%
    Property Tax per SF $14.55 per SF
    Tax Rate vs County Average 0.16 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Bay County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Bay County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Panama City Beach fall within the 25,000 to 50,000 square foot range.

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