300 W 23rd Street, Panama City, FL 32405 (MLS# 796740)

300 W 23rd Street, Panama City, FL 32405

New Listing

$180,000

Property Type: Commercial for Lease Square Footage: 2,978 Status: Active

Current Price: $180,000 List Date: 10/19/2026 Last Modified: 10/21/2026

Overview

Description

Amazing and Rare Turn-Key Restaurant with a Drive through Ready to go. Located in a great location on bustling 23rd Street. Building was built new in 2021. Located in the Florida ''Panhandle,'' near St. Andrews Bay and the Crystal-clear water and sugar white sands on the Gulf of Mexico. Panama City has a current population of 38,891 . It is also the county seat of Bay County. Panama City is currently growing at a rate of 2.61% annually and its population has increased by 11.35% since the most recent census, which recorded a population of 32,862 in 2020. The population is estimated to almost double by the year 2030. 23rd Street is a very dominant retail corridor with excellent drive-by visibility on the primary main East/West direct thoroughfare in Panama City. Traffic Counts Exceed 37,000 CPD. POINTS OF INTEREST: RETAIL ENTERTAINMENT: Nearby retailers include: Walmart Supercenter, Target, Kohl's, Publix, Sam's Club, Hobby Lobby, Lowe's, Home Depot, Ashley Home Store, Dollar Tree, … (Read more) Amazing and Rare Turn-Key Restaurant with a Drive through Ready to go. Located in a great location on bustling 23rd Street. Building was built new in 2021. Located in the Florida ”Panhandle,” near St. Andrews Bay and the Crystal-clear water and sugar white sands on the Gulf of Mexico. Panama City has a current population of 38,891 . It is also the county seat of Bay County. Panama City is currently growing at a rate of 2.61% annually and its population has increased by 11.35% since the most recent census, which recorded a population of 32,862 in 2020. The population is estimated to almost double by the year 2030. 23rd Street is a very dominant retail corridor with excellent drive-by visibility on the primary main East/West direct thoroughfare in Panama City. Traffic Counts Exceed 37,000 CPD. POINTS OF INTEREST: RETAIL ENTERTAINMENT: Nearby retailers include: Walmart Supercenter, Target, Kohl’s, Publix, Sam’s Club, Hobby Lobby, Lowe’s, Home Depot, Ashley Home Store, Dollar Tree, Dollar General, T.J. Maxx, Harbor Freight Tools, Office Depot, Best Buy, Books-A-Million, CVS, Piggly Wiggly, etc. COLLEGE/UNIVERSITIES: Gulf Coast State College and Florida State University are Less than 4 miles from Property. Total enrollment of over 10,000 students Combined. HEALTHCARE: Property is located directly across the street from HCA Gulf Coast Regional Medical Center (216 bed Acute Care and ER) (450 Providers and 1,000 employees) and within 3.1 miles of Ascension Sacred Heart Hospital-The areas only Level 2 Trauma Center. (200 Beds & ER) (550 Providers & 1,100 employees) MILITARY: There are Two military bases that make the Federal government the largest employer in the County. Tyndall Air Force Base is east of the city. Also, the Navy’s Naval Support Activity Panama City which is home to various Diving and SEAL research and training projects. They employ approximately 2,800 civilian and military personnel. NEARBY FOOD RETAILERS: Sonic, Krystal, Captain D’s, Pizza Hut, Krispy Kreme, Chick-fil-a, McDonalds, Wendy’s, Golden Corral, Taziki’s, Waffle House, Cracker Barrel, Panda Express, Mission Barbeque, Olive Garden, Five Guys, Applebee’s, Chicken salad Chick, Newk’s, Gyro Café’, Chow Time Chinese Buffet, Los Rancheros Mexican Restaurant, Chilis Grill & Bar, O’Charleys, Chipotle Mexican Grill, Granny Cantrell’s, Chipolte, Outback, El Jalisco. Lessee to verify all measurements of building and property. Call and schedule a showing of this rare and unbelievable opportunity on 23rd Street in Panama City, Florida.

Listing Details MLS# 796740

Contract Info

Lease Type: NNN
Lease Price/SqFt: 60.44
ud_d1402_02: 60.45
Sub-Type: Retail

Location

Area: 02 – Bay County – Central
Street #: 300
Street Direction: W
Street Name: 23rd
Street Suffix: Street
State: FL
Zip Code: 32405
County: Bay
Sub Area: 0204 – Bay – Central NW
Subdivision: [No Recorded Subdiv]
Community/Resort: None
Waterfront: No
Parcel ID: 13016-010-010
Section: 29
Range: 14W
Elementary School: Northside
Middle School: Jinks
High School: Bay
Directions: From Highway 231 turn west on 23rd street and cross the highway 77 intersection. The property is located on the north side of 23rd street across from HCA Gulf Coast Medical Center.
Legal Description: 29 3S 14W -17.1C- 91A ST AND BAY DEV CO PLAT W 140.48' OF LOT 126 LESS 23RD ST R/W (MOVIE GALLERY) ORB 4309 P 250

General Property Info

List Class: Bar/Restaurant
Immediate Occupancy: Yes
Construction Status: Construction Complete
SqFt Unit: 2685
SqFt Tot Bldg: 2978
# of Stories in Building: Yes
Floor Number: Yes
Site Dimensions: 140.0 ft x 280.0 ft
Frontage Ft: 140
Lot Depth: 280
Lot SqFt: 39160
Year Built: 2020

Industrial

Sprinklers?: Yes

More Information

Remarks & Misc

Remarks: Amazing and Rare Turn-Key Restaurant with a Drive through Ready to go. Located in a great location on bustling 23rd Street. Building was built new in 2021. Located in the Florida ''Panhandle,'' near St. Andrews Bay and the Crystal-clear water and sugar white sands on the Gulf of Mexico. Panama City has a current population of 38,891 . It is also the county seat of Bay County. Panama City is currently growing at a rate of 2.61% annually and its population has increased by 11.35% since the most recent census, which recorded a population of 32,862 in 2020. The population is estimated to almost double by the year 2030. 23rd Street is a very dominant retail corridor with excellent drive-by visibility on the primary main East/West direct thoroughfare in Panama City. Traffic Counts Exceed 37,000 CPD. POINTS OF INTEREST: RETAIL ENTERTAINMENT: Nearby retailers include: Walmart Supercenter, Target, Kohl's, Publix, Sam's Club, Hobby Lobby, Lowe's, Home Depot, Ashley Home Store, Dollar Tree, Dollar General, T.J. Maxx, Harbor Freight Tools, Office Depot, Best Buy, Books-A-Million, CVS, Piggly Wiggly, etc. COLLEGE/UNIVERSITIES: Gulf Coast State College and Florida State University are Less than 4 miles from Property. Total enrollment of over 10,000 students Combined. HEALTHCARE: Property is located directly across the street from HCA Gulf Coast Regional Medical Center (216 bed Acute Care and ER) (450 Providers and 1,000 employees) and within 3.1 miles of Ascension Sacred Heart Hospital-The areas only Level 2 Trauma Center. (200 Beds & ER) (550 Providers & 1,100 employees) MILITARY: There are Two military bases that make the Federal government the largest employer in the County. Tyndall Air Force Base is east of the city. Also, the Navy's Naval Support Activity Panama City which is home to various Diving and SEAL research and training projects. They employ approximately 2,800 civilian and military personnel. NEARBY FOOD RETAILERS: Sonic, Krystal, Captain D's, Pizza Hut, Krispy Kreme, Chick-fil-a, McDonalds, Wendy's, Golden Corral, Taziki's, Waffle House, Cracker Barrel, Panda Express, Mission Barbeque, Olive Garden, Five Guys, Applebee's, Chicken salad Chick, Newk's, Gyro Café', Chow Time Chinese Buffet, Los Rancheros Mexican Restaurant, Chilis Grill & Bar, O'Charleys, Chipotle Mexican Grill, Granny Cantrell's, Chipolte, Outback, El Jalisco. Lessee to verify all measurements of building and property. Call and schedule a showing of this rare and unbelievable opportunity on 23rd Street in Panama City, Florida.

Construction/Siding

Floor – Tile: Yes
Roof – Flat: Yes
Siding – Hardie Board: Yes

Energy

AC – Central Elect: Yes
Ceiling Fans: Yes
Heat – Central Electric: Yes
Water Heater – Electric: Yes

Financing

Lease Option: Yes
Will Lease: Yes

Present Zoning

Business: Yes
General Commercial: Yes

Utilities

Garbage: Yes
Internet – Broadband Available: Yes
Public Sewer – Connected: Yes
Water Connected: Yes

Accessibility Features

Accessible Common Area: Yes
Accessible Entrance: Yes
Customized Wheelchair Accessible: Yes
Visitor Bathroom: Yes

Sale Type

As Is: Yes

Business/Property

Furnished – All: Yes
Handicapped Access: Yes
Handicapped Facilities: Yes
Kitchen Area: Yes
Office Area: Yes
Restrooms – Public: Yes
Sign: Yes

Floors in Unit/Home

One: Yes

Heating/Cooling

AC – Entire: Yes
AC – HVAC: Yes
Exhaust Fan: Yes
Heat – HVAC: Yes

Offering Type

FF&E: Yes
Lease Option: Yes
Sale or Lease: Yes

Transport. Access

4-Lane: Yes
Center Turn Lane: Yes
City Road: Yes

Property Features

Accessibility Features: Accessible Common Area; Accessible Entrance; Customized Wheelchair Accessible; Visitor Bathroom Energy: AC – Central Elect; Ceiling Fans; Heat – Central Electric; Water Heater – Electric Financing: Lease Option; Will Lease Offering Type: FF&E; Lease Option; Sale or Lease Sale Type: As Is Present Zoning: Business; General Commercial Utilities: Garbage; Internet – Broadband Available; Public Sewer – Connected; Water Connected

Listing Office: JPAR City & Beach

Last Updated: October – 21 – 2026

Information deemed reliable but not guaranteed.