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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 Development Opportunity
    Updated: Aug 20
    Rooftop Restaurant Development Opportunity

    436 Harrison Avenue #400, Panama City, FL 32401

    $1,100,000
    6,000 sqft
    Approximately 6,000‑square‑foot rooftop available for restaurant or bar development
    Poured‑concrete construction with additional steel reinforcement installed in recent years
    Access includes two staircases and one elevator
    Structure designed to support multiple stories, including potential residential units above
    Major restaurant, bar, and residential utilities are stubbed to the rooftop
    View details
    Rooftop Restaurant Development Site
    Rooftop Restaurant Development Site

    436 Harrison Avenue, Panama City, FL 32401

    $1,100,000
    6,000 sqft

    Rooftop development area with utility connections, vertical access, and room for a custom restaurant concept.

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    See what stands out in Bay County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

    Cap Rate available after sign in
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    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.

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    Four-Story Mixed-Use Property
    Four-Story Mixed-Use Property

    436 Harrison Ave Unit 100, Panama City, FL 32401

    $1,200,000
    26,000 sqft

    First-floor commercial condominium with street-facing access for retail, café, or restaurant use.

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    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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Bar Property With Outdoor Deck
    Bar Property With Outdoor Deck

    1623 W 15th Street, Panama City, FL 32401

    $850,000
    3,512 sqft

    Established bar property with a finished lounge, equipped wood bar, outdoor deck, and CG-2 zoning.

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    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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    Versatile Commercial Building For Sale
    Versatile Commercial Building For Sale

    2209 Thomas Drive, Panama City, FL 32408

    $1,490,000
    2,430 sqft

    Former bank building suitable for office, restaurant, or retail.

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    Turnkey 52-Seat Restaurant
    Turnkey 52-Seat Restaurant

    301 Cherry Street, Panama City, FL 32401

    $449,900
    2,096 sqft

    Turnkey 52-seat restaurant sale includes furnishings, fixtures, equipment, and kitchen inventory with wine and beer license.

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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 Sale
    Commercial Sale

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

    $305,865
    1,001 sqft

    Conventional restaurants · 1,001 SF

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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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    NNN KFC with Drive-Up Window
    NNN KFC with Drive-Up Window

    427 S. Tyndall Parkway, Panama City, FL 32404

    Contact for pricing

    Fee simple absolute net leased KFC includes a drive-up window and direct exposure along South Tyndall Parkway.

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    Established Bar & Pub Business
    Established Bar & Pub Business

    239 Sudduth Place, Panama City, FL 32404

    Contact for pricing

    Business sale includes a freestanding sports bar operation with a wraparound bar, rear kitchen, and beer and wine license.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 16 Active listings in Panama City, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 56 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.

    Restaurant Unit with Two Entrances
    Restaurant Unit with Two Entrances

    R-8-9860 S Thomas Dr, Panama City Beach, FL 32408

    $843,885
    2,679 sqft

    Commercial unit at Laketown Wharf with two entrances and plenty of on-site parking, currently operated as a breakfast restaurant.

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    Southport Commercial Property For Sale
    Southport Commercial Property For Sale

    2126 Highway 2321, Southport, FL 32409

    $399,000
    4,502 sqft 0.50 AC lot

    Commercial property in Southport with high traffic count and C-3 zoning.

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    Restaurant Retail Unit with Dual Entrances
    Restaurant Retail Unit with Dual Entrances

    R-11-9860 S Thomas Dr, Panama City Beach, FL 32408

    $305,865

    Retail unit operating as a restaurant with two entrances facing Thomas Drive and the lake, plus on-site parking.

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    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.

    View details
    Commercial Land with Highway Frontage
    Commercial Land with Highway Frontage

    4810 W Highway 98, Panama City, FL 32401

    $2,300,000
    4.77 AC lot

    General Commercial 2 zoning with access from Hwy 98, 19th St, and Brown Ave.

    View details
    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.

    View details
    Commercial Land with Road Frontage
    Commercial Land with Road Frontage

    1735 Thomas Drive, Panama City, FL 32408

    $689,000
    1.00 AC lot

    Commercially zoned parcel with public sewer and direct access from Thomas Drive.

    View details

    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

    Value Estimation 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

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

    6547 Hwy 231, Panama City, FL 32404-1901

    $355,000
    Estimated value
    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

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

    7623 Hwy 231, Panama City, FL 32404-4496

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

    4100 Hwy 98, Panama City, FL 32401-1171

    $160,000
    Estimated value
    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

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

    301 Cherry St, Panama City, FL 32401-3253

    $220,000
    Estimated value
    2,096 sqft 0.16 AC lot
    View details

    Panama City, FL Restaurants Market Trends and Statistics

    Explore 72 restaurants for sale in Panama City, FL, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 92,676 square feet of properties for sale, with an estimated market value of $14,284,650.

    Sale prices for restaurant properties in Panama City, FL start at $305,865, averaging $1,098,819, 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

    Conventional restaurants 12
    Bars & Pubs 10
    Drive through restaurants 4
    Coffee shops 3
    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 $879.9K
    32401 $1.2M
    32404 $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)

    Average Property Price per SF

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

    Retail

    Residential Income

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    Browse Restaurants for Sale Near Panama City, FL

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    Most Searched ZIP Codes in Panama City, FL

    • 32401
    • 32408
    • 32404
    • 32405

    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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