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2900 5th Street
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PRICED AT ONLY: $565,000

Address: 2900 5th Street, Panama City, FL 32401

Description

Prime Commercial Opportunity in the Heart of Panama CityThis versatile GC 2 zoned property offers a rare combination of turnkey business readiness and strong investment potential. Situated on 0.33 acres with an Annual Average Daily Traffic count of 18,100, it provides excellent visibility, accessibility, and zoning flexibility for a wide range of commercial uses.The property features two distinct buildings. The first is a 1,976 square foot restaurant with a newly updated kitchen and all equipment and furnishings included. Upstairs is an approximately 1,242 square foot apartment that can generate additional rental income or serve as an owner occupied residence. The restaurant is truly turnkey with recent improvements including a deep fryer filter oil cleaner with filters, two deep fryers, two deep freezers, one large commercial refrigerator, a commercial five layer oven, a six burner stove, a flat top grill, a hamburger refrigerator, a mini fridge, a POS system, a drink fountain, an ice machine, a grease trap, a mop sink, a mini split A/C unit, a new rack window, and forty brand new chairs.The second building is a renovated 1,262 square foot office or retail space, ideal for professional services, boutique retail, or other business ventures.This property stands out as a unique opportunity with a mix of income producing space and move in ready business infrastructure. Whether you are an investor seeking multiple streams of rental income or a business owner ready to step into a fully equipped restaurant, this property delivers exceptional value and flexibility in one of Panama City's most visible commercial corridors.

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More Like This
  • MLS#: 765959 ( CommercialSale )
  • Street Address: 2900 5th Street
  • Viewed: 23
  • Price: $565,000
  • Price sqft: $121
  • Waterfront: No
  • Year Built: 1947
  • Bldg sqft: 4672
  • Days On Market: 278

Description

Prime Commercial Opportunity in the Heart of Panama CityThis versatile GC 2 zoned property offers a rare combination of turnkey business readiness and strong investment potential. Situated on 0.33 acres with an Annual Average Daily Traffic count of 18,100, it provides excellent visibility, accessibility, and zoning flexibility for a wide range of commercial uses.The property features two distinct buildings. The first is a 1,976 square foot restaurant with a newly updated kitchen and all equipment and furnishings included. Upstairs is an approximately 1,242 square foot apartment that can generate additional rental income or serve as an owner occupied residence. The restaurant is truly turnkey with recent improvements including a deep fryer filter oil cleaner with filters, two deep fryers, two deep freezers, one large commercial refrigerator, a commercial five layer oven, a six burner stove, a flat top grill, a hamburger refrigerator, a mini fridge, a POS system, a drink fountain, an ice machine, a grease trap, a mop sink, a mini split A/C unit, a new rack window, and forty brand new chairs.The second building is a renovated 1,262 square foot office or retail space, ideal for professional services, boutique retail, or other business ventures.This property stands out as a unique opportunity with a mix of income producing space and move in ready business infrastructure. Whether you are an investor seeking multiple streams of rental income or a business owner ready to step into a fully equipped restaurant, this property delivers exceptional value and flexibility in one of Panama City's most visible commercial corridors.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
School Information
  • High School: Rutherford
  • Middle School: Everitt
  • School Elementary: Parker
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Utilities
  • Carport Spaces: 0.00
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Trash Expense: 0.00
Other Features
  • Legal Description: 11 4S 14W -288- 118C2 BEG NW COR OF NE1/4 OF SW1/4 OF NW1/4 TH S 132' E 330' N 132' W 330' TO POB LESS HWY & LESS ELY 101.5' ORB 3815 P 31
  • Levels: Two
  • Area Major: 02 - Bay County - Central
  • Occupant Type: Occupied
  • Parcel Number: 23300-000-000
  • Possible Use: Commercial
  • The Range: 0.00
  • Views: 23
Nearby Subdivisions
[no Recorded Subdiv]   Caroline Add Unit 2   Davis Plat   Glenwood Addition   Keiths 1st Add   Lakeside Plat   No Named Subdivision   Pine-lea 3rd Add   Segler   Skyland   St Andrews Harbour   Sudduths 1st Add   Ware Estate  
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