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    Panama City, FL Restaurants for Sale

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    Rooftop Restaurant Space
    Updated: Aug 18
    Rooftop Restaurant Space

    436 Harrison Avenue, Panama City, FL 32401

    $1,100,000
    26,400 sqft 0.15 AC lot
    Approximately 6,000 square feet of rooftop space
    Two staircases and one elevator provide rooftop access
    Poured‑concrete construction from foundation through roof
    Additional steel reinforcement has been added to the structure
    Major restaurant, bar, and residential‑use utilities are stubbed to the roof
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    Rooftop Restaurant Opportunity
    Updated: Aug 18
    Rooftop Restaurant Opportunity

    436 Harrison Avenue, Panama City, FL 32401

    $1,100,000
    0.15 AC lot
    Approximately 6,000 square feet of rooftop commercial space
    Poured‑concrete structure with added steel reinforcement
    Two staircases and one elevator provide rooftop access
    Utilities for restaurant, bar, or residential use are stubbed to the roof
    Preliminary rooftop restaurant and bar plans available at no cost
    View details
    Elevated Rooftop Restaurant Space
    Elevated Rooftop Restaurant Space

    400-436 Harrison Ave, Panama City, FL 32401

    $1,100,000
    6,000 sqft

    Poured-concrete construction, vertical access, and rooftop utility connections support a distinctive downtown dining concept.

    View details
    See hot listings in Panama City

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    Breakfast Restaurant Commercial Unit
    Breakfast Restaurant Commercial Unit

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

    $843,885
    2,751 sqft

    Two entrances connect the space with Thomas Drive and the lake.

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    Rooftop Restaurant Development Opportunity
    Rooftop Restaurant Development Opportunity

    436 Harrison Ave Unit 400, Panama City, FL 32401

    $1,100,000
    26,400 sqft

    Elevated commercial space with utility connections and access via two staircases and an elevator.

    View details
    Retail Building with Outdoor Bar
    Retail Building with Outdoor Bar

    1000 Beck Avenue, Panama City, FL 32401

    $3,195,000
    7,618 sqft

    Multi-unit retail building built in 1907 and renovated in 2021 with courtyard patio and outdoor bar space.

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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Historic Conventional Restaurant
    Historic Conventional Restaurant

    2117 E 3rd Street, Panama City, FL 32401

    $350,000
    1,918 sqft

    Mixed-use zoning supports restaurant and bar operations with indoor seating and an outdoor gathering area.

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    Starbucks NNN Property with Drive-Thru
    Starbucks NNN Property with Drive-Thru

    4850 Lindsey Xing, Panama City, FL 32404

    Contact for pricing
    0.94 AC lot

    Single-tenant asset benefits from signalized access and an adjacent Publix Super Market.

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    Absolute NNN Drive-Through Coffee Property
    Absolute NNN Drive-Through Coffee Property

    2399 Martin Luther King Jr Blvd, Panama City, FL 32405

    Contact for pricing
    950 sqft

    Brand-new drive-through coffee property supported by a long-term absolute NNN lease and a national coffee operator.

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    First-Floor Retail & Restaurant Condo
    First-Floor Retail & Restaurant Condo

    100-436 Harrison Ave, Panama City, FL 32401

    $1,200,000

    First-floor commercial condo in The Mashburn Building with retail and restaurant use, under construction in downtown Panama City.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 10 Active listings in Panama City, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 62 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.

    Storefront Property with Drive-Through
    Storefront Property with Drive-Through

    13919 Highway 77, Southport, FL 32409

    $900,000
    1.24 AC lot

    Adaptable commercial building with restaurant infrastructure, customer parking, and direct access from Highway 77.

    View details
    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.

    View details
    Gulf-Front Waterfront Land
    Gulf-Front Waterfront Land

    12709 Front Beach Road, Panama City Beach, FL 32407

    Contact for pricing

    Commercial High-Intensity zoning and existing restaurant structures support a substantial coastal development site.

    View details
    Waterfront Commercial Land
    Waterfront Commercial Land

    7437 Highway 77, Southport, FL 32409

    $3,200,000
    7.51 AC lot

    Commercial tract with lagoon frontage, highway access, and public sewer service.

    View details

    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.

    Cleared Commercial Corner Lot
    Cleared Commercial Corner Lot

    425 Maine Avenue, Panama City, FL 32401

    $114,000
    0.50 AC lot

    GC-2 zoning and dual road access support flexible commercial planning.

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    General Commercial Corner Land
    General Commercial Corner Land

    2629 E 15th Street, Panama City, FL 32405

    $1,295,000
    2.24 AC lot

    C3-zoned parcel with two-road access and an existing storage structure requiring repair.

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    Commercial Land with Three-Road Access
    Commercial Land with Three-Road Access

    4810 W Highway 98, Panama City, FL 32401

    $2,300,000
    4.77 AC lot

    General Commercial 2 zoning and a Gateway Overlay designation define the parcel’s commercial land-use framework.

    View details
    Vacant Commercial Land
    Vacant Commercial Land

    6014 E Highway 22, Panama City, FL 32404

    $129,000
    0.59 AC lot

    Vacant commercial parcel along E Highway 22 near retailers, dining, and service businesses.

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    Off-Market Properties in Panama City, FL

    Consider similar Off-Market properties in Panama City, 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.

    232 Tyndall Pkwy
    RESTAURANT

    232 Tyndall Pkwy, Panama City, FL 32404-6723

    Estimated value: by Request
    8,817 sqft 1.16 AC lot
    View details
    1103 15th St
    NIGHTCLUB (COCKTAIL LOUNGE)

    1103 15th St, Panama City, FL 32401-2066

    Estimated value:
    $710,000
    5,450 sqft 1.14 AC lot
    View details
    6547 Hwy 231
    RESTAURANT

    6547 Hwy 231, Panama City, FL 32404-1901

    Estimated value:
    $355,000
    3,105 sqft 2.76 AC lot
    View details
    3407 Hwy 98
    DRIVE-THRU RESTAURANT, FAST FOOD

    3407 Hwy 98, Panama City, FL 32401-1257

    Estimated value:
    $900,000
    7,525 sqft 1.61 AC lot
    View details
    7623 Hwy 231
    RESTAURANT

    7623 Hwy 231, Panama City, FL 32404-4496

    Estimated value:
    $375,000
    3,188 sqft 0.75 AC lot
    View details
    4100 Hwy 98
    RESTAURANT

    4100 Hwy 98, Panama City, FL 32401-1171

    Estimated value:
    $160,000
    2,210 sqft 0.15 AC lot
    View details
    2399 Martin Luther King Jr Blvd
    DRIVE-THRU RESTAURANT, FAST FOOD

    2399 Martin Luther King Jr Blvd, Panama City, FL 32405

    Estimated value:
    $1,220,000
    3,461 sqft 0.70 AC lot
    View details
    301 Cherry St
    RESTAURANT

    301 Cherry St, Panama City, FL 32401-3253

    Estimated value:
    $220,000
    2,096 sqft 0.16 AC lot
    View details
    465 23rd St
    DRIVE-THRU RESTAURANT, FAST FOOD

    465 23rd St, Panama City, FL 32405-4507

    Estimated value:
    $315,000
    2,434 sqft 0.77 AC lot
    View details
    3102 23rd St
    RESTAURANT

    3102 23rd St, Panama City, FL 32405-1829

    Estimated value:
    $215,000
    2,284 sqft 0.36 AC lot
    View details
    105 23rd St
    RESTAURANT

    105 23rd St, Panama City, FL 32405-4501

    Estimated value:
    $580,000
    11,763 sqft 3.63 AC lot
    View details
    1508 Calhoun Ave
    NIGHTCLUB (COCKTAIL LOUNGE)

    1508 Calhoun Ave, Panama City, FL 32405-2618

    Estimated value:
    $385,000
    3,626 sqft 0.42 AC lot
    View details
    1020 23rd St
    DRIVE-THRU RESTAURANT, FAST FOOD

    1020 23rd St, Panama City, FL 32405-5329

    Estimated value:
    $1,620,000
    3,246 sqft 1.35 AC lot
    View details
    302 Sherman Ave
    RESTAURANT

    302 Sherman Ave, Panama City, FL 32401-4871

    Estimated value:
    $125,000
    1,220 sqft 0.09 AC lot
    View details

    Panama City, FL Restaurants Market Trends and Statistics

    Explore 72 restaurants for sale in Panama City, FL, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 72,037 square feet of properties for sale, with an estimated market value of $9,988,885.

    Sale prices for restaurant properties in Panama City, FL start at $350,000, averaging $1,248,610, and reaching up to $3,195,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 8
    Conventional restaurants 8
    Drive through restaurants 5
    Coffee shops 4
    Breakfast & diners 1

    Demographics Overview

    Population 154K
    Population Growth (5Y) +1,132.7%
    Median Household Income $71,237
    College Educated 29.8%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    32408 $843.9K
    32401 $1.3M
    32405 $2.1M

    Taxes & Financing

    Tax Rate (average for all types) 1.42%
    Property Tax per SF $28.37 per SF
    Tax Rate vs County Average 0.07 pp above 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)

    How Realmo verifies these figures

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    Most Searched ZIP Codes in Panama City, FL

    • 32401
    • 32404
    • 32405
    • 32408

    Featured Panama City Real Estate Agencies

    Realmo connects you with licensed Panama City CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Full Sail Realty of Northwest Florida
    1514 W. 23rd St, Suite B Panama City, FL 32405
    Phone: 18508194961
    FullSailNWFL.com
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