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5401 Hwy 98, Panama City, FL

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5401 Hwy 98

Panama City, FL 32404

Property Type:Retail Sub Type:- Status:Existing Year Built:1968
Building Size:4,206 SF Land Area:2.93 AC (127,631 SF)
For Sale Price:$219,000 Price/SF:$52.07
Cap Rate:-
Parking:50 Surface spaces are available
4,206 SF is available to occupy upon purchase.

Excellent Commercial Site! Over 4700 s.f concrete building and 2.93 acres of land to expand or parking. Great frontage from two highways with great visibility and two entrances to the property. Building comes with some furnishings - walk-in cooler, ice machine, beer cooler, chairs and tables, and etc. Check with listing agent for complete list of furnishings. This property would be excellent for present use as a bar/lounge, or restaurant, fast food, gas service station, and etc. Billboard signs are leasing 2 spots and would provide additional income. Sign closes to building could be moved by sign company at their expense to another part of the property if needed.

Sale Notes:
Great opportunity to own an iconic business location, formerly the Bonfire and most recently Coyote's Bar on the east side of Panama City. Conveniently located at the intersection of Tyndall Parkway and Business Highway 98, with easy access, excellent visibility and plenty of front and rear parking. The building has 4,512 square feet of heated and cooled space, a full sized bar, floor space for live entertainment, dancing, pool tables & darts, sitting areas & plenty of storage. High traffic counts on both highways with over 28,000 vehicles per day combined. An inventory list of furniture, fixtures and equipment being conveyed will be provided. The building and grounds are very clean, well maintained and ready for new ownership.
Located at the intersection of Hwy 98 & Bus. Hwy 98 on the east side of Panama City
Prime Location
Immaculate Condition
High Traffic Counts
Easy Access & Great Visibility
Median Cuts on Both Highways
Ready For New Owners

Counts Real Estate Group Inc
Charlie Haas
(850) 896-2240 x364

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