7724 Front Beach Road, Panama City, FL 32407 (MLS# 710791)

7724 Front Beach Road, Panama City, FL 32407

$1,200,000

Front Beach Rd looking East toward Hathaway Bridge and Panama City

excellent sign placement with visibility from Hwy 98 and Front Beach Rd

surrounded by 3 motels and ½ mile to new sports complex

Property Type: Commercial for Sale Square Footage: 10,446 Lot Size (sq. ft.): 76,230 Status: Sold

Current Price: $1,200,000 List Date: 12/11/2021 Last Modified: 9/05/2025

Overview

Description

Huge Price Reduction. Panama City Beach landmark, Mikato Restaurant. The 1.75 acre parcel is a prime location on the East end of Panama City Beach with C-3 General Commercial zoning, 15 units /acre density, building height up to 230′. 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. The restaurant is offered turn-key with a bar and lounge with liquor license, a main dining room with 8 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. Possible owner financing.

Listing Details MLS# 710791

Contract Info

List Price/SqFt: 138.81
Sub-Type: Income Producing

Location

Area: 03 – Bay County – Beach
Street #: 7724
Street Name: Front Beach
Street Suffix: Road
State: FL
Zip Code: 32407
County: Bay
Sub Area: 0320 – Beach – Middle Central
Business Name: Mikato Restaurant
Subdivision: [No Recorded Subdiv]
Community/Resort: None
Waterfront: No
Parcel ID: 27868-060-000
Elementary School: Breakfast Point
Middle School: Breakfast Point
High School: Arnold
Directions: 7724 Front Beach Rd near Hathaway Bridge and Hwy 98. Hwy 98 going East the Bay Point/Thomas Dr exit goes along the side of the restaurant. From Panama City go over Hathaway Bridge and follow Front Beach Rd. Restaurant is on the right.
Legal Description: 32 3S 15W -14.6- 57D COM AT NE COR OF ORIG LOT 4 TH W 818.56' SELY 402.8' NELY 55 SELY 175' NELY 135' FOR POB TH FOR POB TH NELY 238.25' N 261.65' SWLY 315.46' SELY 250 TO POB SUBJ TO ESMT ORB 1445 P 1535 ORB 1878 P 1058

General Property Info

List Class: Bar/Restaurant
Immediate Occupancy: Yes
Construction Status: Construction Complete
# of Stories in Building: Yes
Site Dimensions: 264 x 250
Acreage: 1.75
Frontage Ft: 264
Lot Depth: 256
Lot SqFt: 72974
SqFt HVAC: 9113
SqFt Tot Bldg: 10446
Year Built: 1985

Status Change Info

Under Contract Date: 2022-11-11
Sold Date: 2022-12-27
Sold Price/SqFt: 114.88
Sold Price/Acre: 685714.29

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: Huge Price Reduction. Panama City Beach landmark, Mikato Restaurant. The 1.75 acre parcel is a prime location on the East end of Panama City Beach with C-3 General Commercial zoning, 15 units /acre density, building height up to 230'. 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. The restaurant is offered turn-key with a bar and lounge with liquor license, a main dining room with 8 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. Possible owner financing.

More Information

Construction/Siding

Floor – Concrete: Yes
Foundation – Slab on Grade: Yes
Frame: Yes
Roof – Tile/Slate: Yes
Siding – Stucco: Yes

Energy

AC – 2 or More: Yes
Heat – Central Electric: Yes

Financing

Cash: Yes
Conventional: Yes
Seller Financing: Yes

Present Zoning

Commercial: Yes

Utilities

All Utilities: Yes
Natural Gas – Connected: Yes
Public Sewer – Connected: Yes
Water Connected: Yes

Business/Property

Bus Est Five or More Yrs: Yes
Freestanding Building: Yes
Furnished – All: Yes
Handicapped Access: Yes
Kitchen Area: Yes
License – Beer & Wine: Yes
License – Liquor: Yes
Office Area: Yes
Restrooms – Public: Yes
Sign: Yes

Floors in Unit/Home

One: Yes

Heating/Cooling

AC – Central: Yes
AC – Entire: Yes
AC – HVAC: Yes
Heat – Central Electric: Yes

Offering Type

Business Name: Yes
Good Will: Yes
Real Estate: Yes
Sale Only: Yes

Pricing Type

Sale Price: Yes

Site Description

Aerials Available: Yes
Cleared: Yes
Corner Location: Yes
Improved Lots: Yes
Landscaped: Yes
Level: Yes

Transport. Access

4-Lane: Yes
Center Turn Lane: Yes
County Road: Yes
Paved: Yes

Property Features

Energy: AC – 2 or More; Heat – Central Electric Financing: Cash; Conventional; Seller Financing Offering Type: Business Name; Good Will; Real Estate; Sale Only Pricing Type: Sale Price Present Zoning: Commercial Site Description: Aerials Available; Cleared; Corner Location; Improved Lots; Landscaped; Level Utilities: All Utilities; Natural Gas – Connected; Public Sewer – Connected; Water Connected

Listing Office: Beachy Beach Real Estate

Last Updated: September – 05 – 2025

Information deemed reliable but not guaranteed.