Former Applebee’s Restaurant Site | Hard Corner Panama CIty Beach Hutchison Blvd
$2,400,000
10071 Hutchison Boulevard, Panama City Beach, FL 32407
10.03
Cap Rate
240,828.47
NOI
Details:
Highlights:
- 5,135 SF Freestanding Restaurant on 1.393 Acres
- Signalized Hard Corner | 95 Parking Spaces
- Former Applebee's
- Zoned Commercial High Intensity (CH) – Ideal for QSR, Retail, or Redevelopment
Description:
This offering presents a rare opportunity to acquire a Turn Key restaurant property located at a signalized hard corner in Panama City Beach, Florida. The 5,135 SF freestanding building—formerly operated as Applebee’s.
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.
10071 Hutchison Blvd is located on the southeast corner of Hutchison Blvd and Churchwell Drive. The property benefits from signalized intersection access and strong visibility from all directions. Hutchison Blvd is a key east-west connector between Front Beach and Middle Beach Roads. The site is surrounded by national retailers, attractions, and resorts in one of Panama City Beach’s most trafficked commercial zones.
Documents:
Location
Gallery
