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    Panama City, FL Restaurants for Sale

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    12 properties
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    Poured-Concrete Rooftop Restaurant Opportunity
    Updated: Jan 16
    Poured-Concrete Rooftop Restaurant Opportunity

    436 Harrison Avenue, Panama City, FL 32401

    $1,100,000
    26,400 sqft 0.15 AC lot
    Mashburn Building constructed in poured concrete from foundation to roof; engineered with added steel reinforcement in recent years
    Rooftop spans +/- 6,000 SF with two staircases and an accessible elevator installed for easy rooftop access
    Membrane roof; year built 1939 with concrete construction (foundation to roof)
    All major utilities required for a restaurant, bar, or additional residential units are already stubbed to the roof
    No stormwater requirements reported and no parking requirements needed for this rooftop concept
    View details
    First-Floor Retail Condo in Mashburn
    Updated: Jan 16
    First-Floor Retail Condo in Mashburn

    436 Harrison Avenue, Panama City, FL 32401

    $1,200,000
    26,000 sqft 0.15 AC lot
    First‑floor commercial condo in The Mashburn Building at 436 Harrison Ave in Historic Downtown Panama City
    Under construction with Year Built 2025
    Concrete construction with rubber roof
    Heating: central and electric (heating)
    Accessible features include an accessible elevator and an accessible approach with ramp
    View details
    Prime Commercial Opportunity on Highway
    Prime Commercial Opportunity on Highway

    5505 Shores Road, Panama City, FL 32404

    $1,250,000
    4.18 AC lot

    4.18 acres on a bustling highway near beaches.

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    Iconic Rooftop Opportunity
    Iconic Rooftop Opportunity

    436 Harrison Avenue #400, Panama City, FL 32401

    $1,100,000
    6,000 sqft 0.15 AC lot

    Structurally impressive rooftop ready for development in downtown Panama City.

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    7 Brew Franchise Opportunity
    7 Brew Franchise Opportunity

    2105 Martin Luther King Jr Blvd, Panama City, FL 32405

    $1,985,000
    540 sqft

    Rapidly expanding national brand with high average unit volume.

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    Historic Downtown Panama City Retail
    Historic Downtown Panama City Retail

    436 Harrison Avenue #100, Panama City, FL 32401

    $1,200,000
    26,000 sqft 0.15 AC lot

    Premier commercial space in the iconic Mashburn Building.

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    Poured Concrete Rooftop Opportunity
    Poured Concrete Rooftop Opportunity

    436 Harrison Avenue #400, Panama City, FL 32401

    $1,100,000
    26,400 sqft 0.15 AC lot

    Structurally impressive rooftop ready for development with panoramic views.

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    Gulf View Commercial Property
    Gulf View Commercial Property

    6908 Thomas Dr, Panama City, FL

    $1,900,000
    6,985 sqft 0.95 AC lot

    Prime commercial opportunity near the Gulf of America.

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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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    Versatile Commercial Building For Sale
    Versatile Commercial Building For Sale

    2209 Thomas Drive, Panama City, FL 32408

    $1,490,000
    2,430 sqft 1.15 AC lot

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

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    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    5505 Shores Road, Panama City, FL 32404

    $1,250,000
    4.18 AC lot

    4.18 acres on Highway 231, high visibility and growth potential.

    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 12 Active listings in Panama City, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 60 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.

    View details
    Masonry Retail & Restaurant Building
    Masonry Retail & Restaurant Building

    6908 Thomas Drive, Panama City Beach, FL 32408

    $1,900,000
    6,985 sqft 0.54 AC lot

    Masonry building on 0.54 acres with 100 feet of frontage and second-floor office/storage rooms, renovated with new HVAC.

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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.

    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

    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 Development Opportunity in Panama
    Prime Development Opportunity in Panama

    4810 W Highway 98, Panama City, FL 32401

    $2,300,000
    4.77 AC lot

    4.77 acre commercial parcel in a prime location.

    View details
    Commercial Land in Millville Business
    Commercial Land in Millville Business

    425 Maine Avenue, Panama City, FL 32401

    $114,000
    0.50 AC lot

    High-visibility corner parcel in Panama City's Millville Community.

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    Prime Commercial Corner Lot
    Prime Commercial Corner Lot

    2629 E 15th Street, Panama City, FL 32405

    $1,295,000
    2.24 AC lot

    High-traffic corner lot in central Panama City growth corridor.

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    Commercial Land with Road Frontage
    Commercial Land with Road Frontage

    1735 Thomas Drive, Panama City, FL 32408

    $749,000
    1.00 AC lot

    For-sale 1-acre commercial parcel with approximately 100 feet of frontage on 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

    $760,000
    Estimated value
    5,450 sqft 1.14 AC lot
    View details
    6547 Hwy 231
    RESTAURANT

    6547 Hwy 231, Panama City, FL 32404-1901

    Value Estimation by Request
    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

    Value Estimation by Request
    7,525 sqft 1.61 AC lot
    View details
    7623 Hwy 231
    RESTAURANT

    7623 Hwy 231, Panama City, FL 32404-4496

    Value Estimation by Request
    3,188 sqft 0.75 AC lot
    View details
    4100 Hwy 98
    RESTAURANT

    4100 Hwy 98, Panama City, FL 32401-1171

    Value Estimation by Request
    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

    Value Estimation by Request
    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

    Value Estimation by Request
    2,434 sqft 0.77 AC lot
    View details
    3102 23rd St
    RESTAURANT

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

    Value Estimation by Request
    2,284 sqft 0.36 AC lot
    View details
    105 23rd St
    RESTAURANT

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

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

    1508 Calhoun Ave, Panama City, FL 32405-2618

    Value Estimation by Request
    3,626 sqft 0.42 AC lot
    View details

    Panama City, FL Restaurants Market Trends and Statistics

    Explore 72 restaurants for sale in Panama City, FL, showcased through 12 active listings on our real estate platform. These investment opportunities span a total of 124,507 square feet of properties for sale, with an estimated market value of $12,224,750.

    Sale prices for restaurant properties in Panama City, FL start at $305,865, averaging $1,222,475, and reaching up to $1,985,000 — 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 6
    Bars & Pubs 4
    Coffee shops 3
    Breakfast & diners 1
    Commercial kitchens 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
    32404 $831.3K
    32408 $1M
    32401 $1.1M
    32405 $2.2M

    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

    Residential Income

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