2717 5Th StPanama City, FL 32401

This exceptional redevelopment opportunity presents a fee-simple 2,045 square foot restaurant space in Panama City, Florida. Located at 2717 E 5th St, this single-story building sits on a 0.369-acre lot and boasts a strong 10.40% cap rate, generating a net operating income (NOI) of $90,515. The property features a current 18-year absolute NNN lease, minimizing landlord responsibilities and offering significant financial stability. Built in 1981, the building is zoned GC 1, providing flexibility for various restaurant concepts. The current tenant is consistently current on rent, further mitigating investment risk. This is an ideal investment for owner-operators or those seeking a high-return, low-management opportunity in a thriving Florida market. The asking price is $870,000. The property's APN is 23726-000-000. This second-generation restaurant space is primed for a complete renovation and offers a unique chance to capitalize on the growing demand for restaurant spaces in Panama City. The existing lease provides a secure income stream while allowing for future redevelopment plans. This is a rare opportunity to acquire a well-located, high-performing asset with significant upside potential.