1. Florida
  2. Panama City Beach
  3. 10071 Hutchison Boulevard
$2,400,000

10071 Hutchison Boulevard, Panama City Beach, FL 32407

  • 5,135 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1999
  • Property Lot Size Icon1.39acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $467/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

This offering presents a rare opportunity to acquire a net-leased restaurant property located at a signalized hard corner in Panama City Beach, Florida. The 5,135 SF freestanding building--formerly operated as Applebee's--is currently dark, but the tenant,, continues to pay rent under a corporate-backed lease with term remaining through May 31, 2031.The lease is absolute NNN, with the tenant responsible for taxes, insurance, and maintenance. The property is located at the southeast corner of Hutchison Boulevard and Churchwell Drive, featuring full access via a traffic signal and exceptional visibility. With 95 total parking spaces (18.5 per 1,000 SF), the site offers excellent fundamentals for continued investment income or future repositioning.

Listing Status:
Pending
Date Added:
April 17, 2025 at 05:00AM
Listing Office:
Five Bridges Real Estate Services Co. LLC : (850) 913-9133
MLS ID:
772130

This listing courtesy of Five Bridges Real Estate Services Co. LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Hutchison Beach Elementary School

12900 Hutchison Blvd, Panama City Beach, FL, 32407

Grades KG-5

2.05 miles away

S

Surfside Middle School

300 Nautilus St, Panama City Beach, FL, 32413

Grades 6-8

3.16 miles away

J

J.R. Arnold High School

550 N Alf Coleman Rd, Panama City Beach, FL, 32407

Grades 9-12

1.49 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.