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    7724 Front Beach Road

    Panama City, FL 32407
    • $1,530,000
    • STATUS: Active
    • ON SITE: 94 days
    • MLS #: 710791
    UPDATED: 18 min ago
    $1,530,000
    • 0
      BEDS
    • 1.75
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,113
      SQFT
    • $168
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1985
    County:
    Bay

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    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.

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    © 2021 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Counts Real Estate Group, Inc.. Data last updated: 2021-07-31T10:04:16.767.
    www.countspanamacity.com/homes/116504327
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    7724 Front Beach Road Panama City, FL 32407

    • Price: $1,530,000
    • Status: Active
    • Updated: 18 min ago
    • MLS #: 710791
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.75
    Acres
    9,113
    SQFT
    $168
    $/SQFT
    1985
    Built
    Neighborhood:
    [No Recorded Subdiv]
    County:
    Bay
    Area:
    Bay County-Beach
    Elementary School:
    Breakfast Point
    Middle School:
    Breakfast Point
    High School:
    Income Producing
    Property Description
    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.
    Exterior Features

    Construction Siding Floor - ConcreteFoundation - Slab On GradeFrameRoof - Tile/SlateSiding - Stucco Construction Status Construction Complete Frontage Ft 264.00 Lot Depth 256.00 Lot Sq Ft 72974.00 Site Description Aerials AvailableClearedCorner LocationImproved LotsLandscapedLevel Site Dimensions 264 X 250 Transport Access 4-LaneCenter Turn LaneCounty RoadPaved

    Interior Features

    Heating Cooling Ac - CentralAc - EntireAc - HvacHeat - Central Electric Sq Ft Total Building 10446.00

    Property Features

    Business Name Mikato Restaurant Commercial Features Bus Est Five Or More YrsFreestanding BuildingFurnished - AllHandicapped AccessKitchen AreaLicense - Beer & WineLicense - LiquorOffice AreaRestrooms - PublicSign Commercial Sale Sub Type Arnold Community Resort None Hoa Fee No Immediate Occupancy Yes List Class Bar/Restaurant Occupancy Status Vacant Offering Type Business NameGood WillReal EstateSale Only Present Zoning Commercial Pricing Type Sale Price Utilities All UtilitiesGas - NaturalPublic SewerPublic Water

    Listing provided courtesy of Beachy Beach Real Estate. Listing information © 2021 Central Panhandle Association of Realtors MLS.


    © 2021 Central Panhandle Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Counts Real Estate Group, Inc.. Data last updated: 2021-07-31T10:04:16.767.
     
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    Counts Real Estate Group, Inc.
    3009 Highway 77, Suite H
    Panama City FL, 12345