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$449,900 Just Listed

  • For Sale
  • Active
  • Commercial
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Established restaurant opportunity in the heart of the Downtown Cove area! This 52-seat restaurant is fully equipped and ready for its next owner. The sale includes the real property along with all interior furnishings, fixtures, equipment, and kitchen inventory, offering a true turnkey opportunity. Currently operating as a successful Thai restaurant, the flexible layout and existing wine and beer license make it ideal for a variety of restaurant concepts, café, bistro, or specialty dining experiences. Prime downtown location with excellent visibility, established infrastructure, and endless potential for an owner-operator or investor looking to bring a new vision to a thriving area.

Full Property Details for 301 Cherry St

General

  • Price: $449,900
  • Status: Active
  • Type: Commercial
  • Source: Bay_County
  • MLS ID: 789848
  • Updated: 5/14/2026
  • Added to Site: 1 day(s) ago

Location

  • County: Bay
  • Subdivision: [No Recorded Subdiv]
  • Driving Directions: COVE BLVD. SOUTH TO CHERRY STREET. GO WEST ON CHERRY TO HAPPY COAT ON THE RIGHT. OR TAKE BEACH DR. TO CHERRY ST, GO EAST, RESTAURANT ON THE LEFT.

School Information

  • Elementary School: Cherry Street
  • Middle School: Jinks
  • High School: Bay

Community

  • Community Name: 02 - Bay County - Central

Structural Information

  • Year Built: 1964

Lot Features

  • Lot Size (Acres): 0.15
  • Lot Size (Sq. Ft.): 6,534
  • Lot Size: .15

Disclosures and Reports

  • Special Conditions: Listed As-Is
  • Legal Description: HARMON PLAT LOT 5 LESS E 111.75' BLK 9 ORB 3033 P 1444 MAP 105C3
  • Property ID: 20325-000-000

Listed by CENTURY 21 Commander Realty

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Listing agents

— 301 Cherry St —

  • CENTURY 21 Commander Realty

  • CENTURY 21 Commander Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 301 Cherry St

School District:Bay County School District
NameGradesDistance
Merriam Cherry Street Elementary School
1125 Cherry Street, Panama City, FL 32401
PK-50.6 mi
Jinks Middle School
600 West 11th Street, Panama City, FL 32401
6-81.8 mi
Bay High School
1200 Harrison Avenue, Panama City, FL 32401
9-121.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 301 Cherry St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/14/2026
Listed
$449,900
104.5%
MLS
5/13/2024
Sold
$220,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 301 Cherry St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,838
28%
$179,702
-1%
2024
$2,212
27%
$181,253
96%
2023
$1,748
12%
$92,687
7%
2022
$1,554
8%
$86,684
16%
2021
$1,443
—
$74,691
-5%
2021
$1,443
8%
$78,234
-6%
2019
$1,341
2%
$82,957
-4%
2018
$1,310
-3%
$86,500
-4%
2017
$1,349
-6%
$90,043
-4%
2016
$1,435
-6%
$93,585
-4%
2015
$1,532
-2%
$97,128
-2%
2014
$1,556
4%
$99,490
-3%
2013
$1,491
—
$103,032
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

Get Pre-Approved

Listed by CENTURY 21 Commander Realty

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301 Cherry Street, Panama City, FL 32401 (MLS# 789848) is a Commercial property. 301 Cherry Street is currently listed for $449,900 and was received on May 14, 2026. Want to learn more about 301 Cherry Street? Do you have questions about finding other Commercial real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.

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