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Former Applebee’s Restaurant Site | Hard Corner Panama CIty Beach Hutchison Blvd

$2,400,000

10071 Hutchison Boulevard, Panama City Beach, FL 32407

Active
Last Updated: 10/23/2025

10.03

Cap Rate

240,828.47

NOI

Details:
Cap Rate:    10.03%
NOI:    $240,828.47
Building Size:    5,135 sqft
Lot Area:    1.393 acres
Year Built:    1999
Highlights:
  • 5,135 SF Freestanding Restaurant on 1.393 Acres
  • Signalized Hard Corner | 95 Parking Spaces
  • Former Applebee's -Delivered Vacant at Closing - ideal for owner-user or redevelopment
  • Zoned Commercial High Intensity (CH) – Ideal for Restaurant, Retail, or Redevelopment
Description:

The property at 10071 Hutchison Boulevard offers a 5,135 ± SF freestanding restaurant building situated on 1.39 ± acres in the heart of Panama City Beach, Florida. The building will be delivered vacant and free of any leasehold interests at closing, providing an ideal opportunity for an owner-user or redevelopment project. The property features a well-designed floor plan with existing kitchen infrastructure, multiple dining areas, and ample on-site parking.

This offering presents a rare opportunity to acquire a nearly 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 a restaurant user or future repositioning for redevelopment.

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.

Map:
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