4820 Lakewood Dr Panama City, FL 32404

This exceptional waterfront property in Panama City, Florida, offers 5,010 square feet of versatile space on a 77,972.4 sq ft lot with approximately 200 feet of Martin Lake frontage. Built in 1950, the building features approximately 3,825 square feet of heated and cooled space, divided between a main level and a newly finished lower level. The main level boasts a commercial kitchen, ADA-compliant restrooms, a utility closet, two carpeted meeting rooms, a foyer, and a large main hall with lake views and access to an open deck. The lower level includes a full bath with new granite countertops, ample storage space inside and out, and an additional exterior storage building. The property also includes a large paved parking lot. Currently holding a land use exemption for "Clubs, Lodges, or Halls," this property presents a unique opportunity for conversion to residential use or continued use as a meeting facility. The roof was replaced in December 2018, and additional interior work has been completed since. All information should be verified by the buyer. Priced at $675,000.