10071 Hutchison Blvd - Freestanding FOR SALE


Panama City Beach, FL 32407
$2,400,000 USD
850-913-9133
10071 Hutchison Blvd, Panama City Beach, FL for Sale
$2,400,000 USD
Freestanding - FOR SALE
1/21
null | Request Cap Rate

10071 Hutchison Blvd
Panama City Beach, FL 32407


HIGHLIGHTS

  • 5,135 SF Freestanding Restaurant on 1.393 Acres
  • Signalized Hard Corner | 95 Parking Spaces
  • Former Applebee's -Delivered Vacant - ideal for owner-user or redevelopment
  • Zoned Commercial High Intensity (CH) – Ideal for Restaurant, Retail, or Redevelopment

OVERVIEW

This offering presents a rare opportunity to acquire a nearly Turn Key restaurant property located at a signalized hard corner in Panama City Beach, Florida. The 5,135 SF freestanding building—formerly operated as Applebee’s. 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. Now available for lease, this 5,135 SF freestanding restaurant space is located at the signalized hard corner of Hutchison Blvd & Churchwell Drive in the heart of Panama City Beach. The building features a full commercial kitchen, bar area, and open dining layout—ideal for quick service, casual dining, or conversion to retail use. Positioned on 1.4 +/- acres, the site offers 95 total parking spaces (including 4 ADA), providing a high 18.5/1,000 SF parking ratio. With strong visibility, dual access, and proximity to beach traffic, lodging, and major retailers, this location supports both local and seasonal demand. Location Description: 10071 Hutchison Blvd is located on the southeast corner of Hutchison Blvd and Churchwell Drive. The property benefits from signalized intersection access and strong visibility from all directions. Hutchison Blvd is a key east-west connector between Front Beach and Middle Beach Roads. The site is surrounded by national retailers, attractions, and resorts in one of Panama City Beach’s most trafficked commercial zones.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$467 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Dark Applebee's Panama City Beach, FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

95

LAND DETAILS

LAND ACRES

1.39 AC

LAND SF

60,548 SF

ZONING

CH

APN/PARCEL ID

34881-112-000

ASK ABOUT THIS PROPERTY

Kevin WattenbargerWattenbarger Commercial | Five Bridges Real EstateMore Info
850-913-9133

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Kevin WattenbargerWattenbarger Commercial | Five Bridges Real EstateMore Info
850-913-9133

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.