Highway 77 Retail Redevelopment Opportunity | Former Burger King QSR w/ Drive-Thru

2399 Highway 77 Panama City, FL 32405

2399 Highway 77, Panama City, FL, 32405
2399 Hwy 77 Aerial Photo
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FOR SALE
Property Type:
Free Standing Building
Amount:
$1,250,000
Last Verified:
May 06, 2024

Highlights

  • Hwy 77 Retail Redevelopment
  • Former Burger King QSR - Drive Thru
  • Zoning: GC-2 (Panama City)
  • Dominate Retail Trade Area 23rd St & Hwy 77
  • Full Access - Center Turn Lane | 150' of Frontage
  • Cross Easements & Off-Site Retention

Description

Wattenbarger Commercial | Five Bridges Real Estate presents a prime retail redevelopment opportunity at 2399 Highway 77 (Martin Luther King Jr. Blvd). This 0.70-acre parcel features 149 feet of Highway 77 frontage alongside off-site stormwater retention and a cross easement with neighboring retailers. With a daily traffic count of 29,000 vehicles and five lanes, including a center turn lane, the property sits in Panama City's dominant retail trade area, just one-tenth of a mile north of the major intersection of E 23rd St & Hwy 77. The site contains a 3,500 +/- SF former free-standing Burger King QSG w/drive-thru (Hurricane Michael damaged the building - buyer to verify usability if desired). Neighboring retailers include Target, Home Depot, Lowe's, Starbucks, Chick-fil-A, and Hobby Lobby. Conveniently located near the retail core and accessible to high-growth areas north of Highway 231 and Highway 77. For details, contact Kevin Wattenbarger, CCIM, at Kevin@kwa-cre.com or (850) 913-9133.

Located in the heart of Panama City's retail hub, 2399 Highway 77 (Martin Luther King Jr. Blvd) offers exceptional visibility and access. With 149 feet of frontage along Highway 77, a daily traffic count of 29,000 vehicles, and five lanes, the site is strategically positioned just north of the bustling "main & main" intersection of E 23rd St & Hwy 77. It is surrounded by major retailers like Target, Home Depot, Lowe's, Chick-fil-A-, Oliver Garden, Starbucks, and many others. It's a prime location with easy access to both the established retail core and the growing areas north of Highway 231 and Highway 77. Contact Kevin Wattenbarger, CCIM, at Kevin@kwa-cre.com or (850) 913-9133 for more information.











Year Built: 1986
Building Size: 3461sq ft
Lot Size: 0.7 acres


Documents

For Sale Brochure - 2399 Highway 77, Panama City, FL
Capture - Hwy 77 FLDOT.JPG
Zoning Map - GC-2 (Panama CIty)
2399 Hwy 77_Current Land Use.pdf
2399 Hwy 77_Zoning Map.pdf

Map of 2399 Highway 77, Panama City, FL, 32405

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.