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7724 Front Beach Road

Panama City, FL 32407
  • $1,350,000
  • STATUS: Active
  • ON SITE: 178 Days
  • MLS #: 710791
Price Reduced
UPDATED: 173 min ago
$1,350,000
  • 0
    BEDS
  • 1.75
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,113
    SQFT
  • $148
    $/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

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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: 2021-10-23T00:04:11.707.
www.countspanamacity.com/homes/116504327
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7724 Front Beach Road Panama City, FL 32407

  • Price: $1,350,000
  • Status: Active
  • Updated: 173 min ago
  • MLS #: 710791
0
Beds
0
Baths
0
½ Baths
1.75
Acres
9,113
SQFT
$148
$/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
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: 2021-10-23T00:04:11.707.
 
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Counts Real Estate Group, Inc.
3009 Highway 77, Suite H
Panama City FL, 12345