$2,400,000
Panama City Beach, FL 32407
MLS# 772130
Status: Pending
5135 sqft
1 / 11
Property Description
This offering presents a rare opportunity to acquire a net-leased restaurant property located at a signalized hard corner in Panama City Beach, Florida. The 5,135 SF freestanding building—formerly operated as Applebee's—is currently dark, but the tenant,, continues to pay rent under a corporate-backed lease with term remaining through May 31, 2031. The lease is absolute NNN, with the tenant responsible for taxes, insurance, and maintenance. The property is located at the southeast corner of Hutchison Boulevard and Churchwell Drive, featuring full access via a traffic signal and exceptional visibility. With 95 total parking spaces (18.5 per 1,000 SF), the site offers excellent fundamentals for continued investment income or future repositioning.
Details
Maps
Contract Info
List Date: 2025-04-17
List Price: $2,400,000
List Price/SqFt: 467.38
Current Price: $2,400,000
Sub-Type: Retail
Location
Area: 03 - Bay County - Beach
Street #: 10071
Street Name: Hutchison
Street Suffix: Boulevard
State: FL
Zip Code: 32407
County: Bay
Sub Area: 0320 - Beach - Middle Central
Subdivision: No Named Subdivision
Community/Resort: None
Waterfront: No
Parcel ID: 34881-112-000
Elementary School: Hutchison Beach
Middle School: Surfside
High School: Arnold
Directions: Southeast corner of Hutchison Blvd & Churchwell
Legal Description: 36-3S-16W -68.34- BEG 86.58' E & 1966.05' NWLY OF SW COR OF NW1/4 OF SE1/4 FOR POB TH CONT NWLY 267.67' TO INTERSECT OF S R/W OF 392-A & E R/W OF CHURCHWELL RD. TH SWLY 200' SELY 192.67' NELY 30.84' SELY 123.19' NELY 200 TO POB PART OF AKA PRC 1 ORB 3861 P 1278 LESS ROAD R/W
General Property Info
List Class: Commercial
Construction Status: Construction Complete
Acreage: 1.39
SqFt Tot Bldg: 5135
Year Built: 1999
Status Change Info
Status: Pending
Under Contract Date: 2025-05-07
Property Features
Listing Office: Five Bridges Real Estate Services Co. LLC
Last Updated: May - 07 - 2025
Information deemed reliable but not guaranteed.