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- LoopNet Team
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
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
| Parcel Number | 06197-030-000 | Improvements Assessment | $104,541 |
| Land Assessment | $83,528 | Total Assessment | $188,069 |
PROPERTY TAXES
