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$ 2,025,000
$ 2,200,000 8.0%
3,380 SqFt
$ 2,025,000
$ 2,200,000 8.0%
3,380 SqFt
Key Details
Sold Price $2,025,000
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Sold
Purchase Type For Sale
Square Footage 3,380 sqft
Price per Sqft $599
Subdivision [No Recorded Subdiv]
MLS Listing ID 782722
Sold Date 06/05/26
HOA Y/N No
Year Built 1968
Lot Size 0.470 Acres
Acres 0.47
Property Sub-Type Unimproved Land
Property Description
Exceptional opportunity to acquire five parcels being sold together (Parcel IDs: 36556-010-000 | 36554-010-000 | 36554-072-000 | 36556-000-000 | 36557-000-000), including a fully operational restaurant, Pho Pier 77, with an existing lease in place through 2029. The land and building convey with the sale, along with select equipment currently located within the restaurant building (to be confirmed), offering immediate income with long-term stability.
Located at 19932 Front Beach Rd, Panama City Beach, FL 32413, the property benefits from a high-visibility position along one of Panama City Beach's primary commercial corridors. Front Beach Road is a major artery serving both residents and the area's strong tourism base, providing consistent traffic exposure and accessibility.
Location Highlights & Area Amenities:
Proximity to the Gulf of Mexico: Just moments from Panama City Beach's renowned white-sand beaches and public beach access points.
Strong Tourism Market: Situated in a well-established coastal destination known for year-round visitors, seasonal events, and recreational attractions.
Surrounding Development: The area features a mix of commercial, hospitality, and residential properties, supporting steady demand and visibility.
Accessibility: Convenient access to major roadways and within a reasonable drive of Northwest Florida Beaches International Airport.
Future Potential: Additional parcels included in the sale may offer future development, expansion, or land-banking opportunities, subject to zoning and local approvals.
This offering presents a rare combination of income-producing property and additional land holdings in a highly desirable beach market, making it well-suited for investors, developers, or owner-users seeking long-term upside.
Do not disturb tenants. Additional details regarding lease terms, financials, and equipment list available upon request with executed confidentiality agreement.
Location
State FL
County Bay
Area 03 - Bay County - Beach
Interior
Fireplace No
Exterior
View Y/N Yes
View Gulf
Private Pool No
Schools
Elementary Schools West Bay
Middle Schools Surfside
High Schools Arnold
Others
Tax ID 36557-000-000
Special Listing Condition Listed As-Is
Bought with LSI REALTY & MANAGEMENT LLC
Nearby Locations
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