7724 Front Beach Road $1,530,000

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    7724 Front Beach Road Panama City, FL 32407

    • 1.75 Acres
    • Commercial
    • MLS# 710791
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    Views: 0 Days On Site: 93

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    Property Details

    Huge price reduction! Panama City Beach landmark, Mikato Restaurant is for sale. The 1.75 acre parcel is a prime location on the East end of Panama City Beach with Commercial C-3 zoning and almost 300' of frontage on Front Beach Rd and 250' on the Thomas Dr/Bay Point exit lane of Hwy 98. Daily traffic count is 25,200. The building is approx. 9,000 SF with seating capacity of 299 and has been well maintained with new roof and HVAC system. The restaurant is offered turn-key with a bar and lounge with liquor license, a main dining room with 12 hibachi grills and 4 additional dining rooms with 12 more hibachi grills. Close to new PCB Sports Complex and adjacent to a Hawthorn Suites and a Fairfield Inn & Suites. Excellent opportunity as is or for redevelopment for retail space or motel.

    • General Features
      • Year Built 1985
      • Area 03 - Bay County - Beach
      • Community Resort None
      • County Bay
      • Business Name Mikato Restaurant
      • Hoa Fee No
      • Sub Area 0320 - Beach - Middle Central
      • Subdivision [No Recorded Subdiv]
    • Building Features
      • Construction Status Construction Complete
      • Construction Siding Floor - Concrete, Foundation - Slab on Grade, Frame, Siding - Stucco
      • SqFt HVAC 9113.00
      • Utilities All Utilities,Gas - Natural,Public Sewer,Public Water
      • SqFt Tot Bldg 10446.00
      • Heating Cooling AC - Central,AC - Entire,AC - HVAC,Heat - Central Electric
    • Property Features
      • Lot Depth 256.00
      • Lot SqFt 72974.00
      • Waterfront No
      • Acreage 1.75
    • Schools
      • Middle School Breakfast Point
      • High School Arnold
      • Elementary School Breakfast Point

    Contact

    Shane Suber

    Shane Suber

    Agent

    Beach Haven Realty

    Direct: 706-410-0149

    Neighborhood

    32407 (Panama City) Demographics

    37 Median Age
    730 Population Density (per sq. mile)
    40% College Educated
    $54,977 Estimated Median Income
    1,914 Estimated Total Home Owners
    2,212 Estimated Total Renters
    46% / 54% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    10,118 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $389,000 Median Sales Price
    11 Homes Sold
    99 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,530,000 -12.99%
        4/27/2021 12:03:00 PM New in Database Source: Multiple Listing Service New Value: $1,758,430

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        The data relating to real estate for sale on this website is provided in part by Central Panhandle Association of REALTORS®, Inc. Information deemed reliable but not guaranteed. The property information provided on this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. ©2021 All rights reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.