Single-Tenant Vacant-User

Former Bank Branch

5705 Cherry St, Panama City, FL 32404

Listing Price: $449,000

Tenant Name
Vacant
Gross SF
1,702
Guarantor
No Guarantee
Rentable SF
1,702
Price/Gross SF
$263.81
Lease Type
Tenant at Will

Investment Overview

Marcus & Millichap is pleased to offer for sale this Former Bank Branch located in Panama City, Florida. The Subject property is a 1,702 square foot former SunTrust branch. It sits on a large 1.36 acres parcel and has three drive thru lanes. The Subject Property is located directly off the major North-South thoroughfare North Tyndall Parkway on Cherry St. South. North Tyndall Parkway exposes this location to over 37,500 vehicles per day. There are dozens of national retailers in the immediate area including Winn-Dixie, Walmart Supercenter, Starbucks, Chick-fil-a, McDonald’s, Wendy’s, Arby’s, Subway, Advanced Auto Parts, Pep Boys, Walgreens, CVS, Trustmark, Bay Credit Union, Regions Bank, and more. The population and average household income within a three-mile radius of the subject property are approximately 32,587 and $22,851, respectively.

Investment Highlights

  • 1.36-Acres
  • Directly off N. Tyndall Parkway With an Average Daily Traffic Count of 37,500
  • Retenant or Redevelopment Opportunity
  • Three Drive Thru Lanes

Exclusively Listed By

Single-Tenant Vacant-User

Former Bank Branch

Listing Price: $449,000

Tenant Name
Vacant
Gross SF
1,702
Guarantor
No Guarantee
Rentable SF
1,702
Price/Gross SF
$263.81
Lease Type
Tenant at Will

Investment Highlights

  • 1.36-Acres
  • Directly off N. Tyndall Parkway With an Average Daily Traffic Count of 37,500
  • Retenant or Redevelopment Opportunity
  • Three Drive Thru Lanes

Investment Overview

Marcus & Millichap is pleased to offer for sale this Former Bank Branch located in Panama City, Florida. The Subject property is a 1,702 square foot former SunTrust branch. It sits on a large 1.36 acres parcel and has three drive thru lanes. The Subject Property is located directly off the major North-South thoroughfare North Tyndall Parkway on Cherry St. South. North Tyndall Parkway exposes this location to over 37,500 vehicles per day. There are dozens of national retailers in the immediate area including Winn-Dixie, Walmart Supercenter, Starbucks, Chick-fil-a, McDonald’s, Wendy’s, Arby’s, Subway, Advanced Auto Parts, Pep Boys, Walgreens, CVS, Trustmark, Bay Credit Union, Regions Bank, and more. The population and average household income within a three-mile radius of the subject property are approximately 32,587 and $22,851, respectively.

Exclusively Listed By

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