Oyster Bar, Steakhouse & BBQ Retail FOR SALE


Panama City, FL
$2,525,000 USD
850-635-5391
, Panama City, FL for Sale
$2,525,000 USD
Retail - FOR SALE
1/5
null | 8.95% Cap Rate

Oyster Bar, Steakhouse & BBQ
Panama City, FL


HIGHLIGHTS

  • This Established Commercial Real Estate Investment, Encompasses a Profitable, Property Owned, Well-Established Seafood, Steak & BBQ Restaurant
  • High-Visibility, 1.95-acre, Corner Lot that Enjoy Excellent Access
  • Prime Frontage on One of the Area's Busiest Thoroughfares, Zoned for Flexible Commercial Use.
  • Just Minutes from Tyndall Air Force Base, Walmart, and Countless National and Local Retailers...

OVERVIEW

MULTI-RESTAURANT, COMMERCIAL PROPERTY, INVESTMENT OPPORTUNITY Incredible Investment Opportunity! This Income-Producing Commercial Property Features Three Freestanding Buildings Situated on a High-Visibility Corner Lot along N Tyndall Parkway in Panama City, FL. Picture Yourself as the Owner of this High-Visibility Corner Property, where Thousands of Potential Customers Pass by Daily…You're Just Minutes from Tyndall Air Force Base, Walmart, and Countless National and Local Retailers... This Established Commercial Real Estate Investment, Encompasses a Property Owned, WellEstablished Seafood, Steak & BBQ Restaurant, along with, an Additional Two, Fully Leased, Freestanding Buildings, Strategically Positioned on a High-Visibility Corner Lot that Enjoy Excellent Access, On-Site Parking, and Prime Frontage on One of the Area's Busiest Thoroughfares, Zoned for Flexible Commercial Use… The Property Generates a Net Operating Income of $225,965 Annually through the OwnerOperated Restaurant and Two, Fully Leased Separate Parcels, Providing Immediate Cash Flow Opportunities… Current Tenant Mix, Demonstrates the Property's Ability to Attract and Retain, Quality Commercial Operators in this Growing Market Segment. The Three Freestanding Buildings Offer Flexibility and Multiple Income Streams, Giving You Options whether you want to be a Hands-Off or Hands-On Investor… This is Your Chance to Own a Piece of One of Florida's Most Promising Commercial Corridors. Properties Like This - Fully Leased, Income-Producing, and in Prime Locations - Don't Come Available Often. Financial Performance: • Annual Net Operating Income: $162,000 • Property Type: Fully Leased Commercial Real Estate with Restaurant Operations • Revenue Model: Triple-Net Lease Structure Providing Stable Cash Flow • Occupancy Rate: 100% (fully leased) • Location: High-Traffic Corner Lot on N Tyndall Parkway, Panama City, FL Property Specifications: • Total Buildings: 3 Freestanding Commercial Structures • Zoning: Flexible Commercial Use Designation • Traffic Exposure: Premium Visibility on Major Thoroughfare • Parking: On-Site Customer and Employee Parking Included Market Position: • Strategic Location: Minutes from Tyndall Air Force Base • Commercial Density: Proximity to Walmart and Established National/Local retailers • Market Characteristics: High-Traffic Commercial Corridor with Strong Activity Levels • Growth Market: Positioned in Rapidly Expanding Panama City Area Market Investment Highlights: • Immediate Cash Flow: Fully Leased Property Generating Consistent NOI • 1031 Exchange Eligible: Qualified for Tax-Deferred Exchange Programs • Diversified Tenant Base: Multiple Revenue Streams across Three Buildings • Prime Real Estate: Corner Lot Positioning Maximizes Visibility and Accessibility Operational Advantages: • Established Tenant Relationships: Current Lease Agreements in Place • Flexible Zoning: Accommodates Various Commercial Uses beyond Restaurant Operations • Infrastructure: Complete Parking and Access Facilities • Market Access: High-Visibility Location on Established Commercial Thoroughfare

ASK ABOUT THIS PROPERTY

Marty BombengerEmerald Coast Restaurant Brokers & ConsultantsMore Info
850-635-5391

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Marty BombengerEmerald Coast Restaurant Brokers & ConsultantsMore Info
850-635-5391

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