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5705 Cherry St
Panama City, FL 32404
Former Bank Branch · Retail Property For Sale

INVESTMENT HIGHLIGHTS

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

PROPERTY FACTS

Property Type
Retail
Property Subtype
Bank
Building Size
1,702 SF
Building Class
C
Year Built
1979
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.36 AC
Zoning
COM-1 - Commercial
Parking
23 Spaces (13.51 Spaces per 1,000 SF Leased)
Frontage
179’ on Cherry St

AMENITIES

  • Banking
  • Signage
  • Drive Thru

ABOUT 5705 CHERRY ST , PANAMA CITY, FL 32404

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.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06197-030-000
Land Assessment
$83,528
Improvements Assessment
$104,541
Total Assessment
$188,069
  • Listing ID: 20059360

  • Date on Market: 6/26/2020

  • Last Updated:

  • Address: 5705 Cherry St, Panama City, FL 32404

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