- For Sale $3,500,000
- Property Type Other
- Property Size 3,500 SF
- Lot Size 1.12 Acre
- Property Tenancy Single Tenant
- Date Updated Oct 7, 2026
Description
Positioned in Panama City, the property benefits from a Gulf Coast market known for steady regional connectivity, established neighborhoods, and a diverse economic base. For investors, the area offers access to a community supported by education, healthcare, local commerce, and tourism, creating a broad foundation for long-term relevance and demand.
Panama City is home to well-known destinations including Gulf Coast State College, HCA Florida Gulf Coast Hospital, and Downtown Panama City’s growing mix of dining, retail, and waterfront activity. Nearby access to St. Andrews and Panama City Beach further strengthens the area’s appeal, while the city’s central role in Bay County supports continued interest from residents, employers, and visitors alike.Alpha Real Estate Advisors presents Wahoo’s Express Car Wash in Panama City, FL—an operating business and fee simple real estate offered together at $3.5 million, approximately 56% of the seller-reported $6.3 million facility cost.
Opened in June 2025, the ±1.12-acre property features a 140-foot Motor City wash tunnel, 19 Eurovac vacuums, and two Micrologic pay stations. Its corner location along W 23rd Street benefits from nearby traffic counts reaching 41,476 vehicles daily.
Unlimited wash memberships provide recurring revenue, with growth opportunities through expanded fleet accounts, fundraising programs, and membership sales.
Highlights
- Business and real estate together. Fee simple ownership means no landlord, no rent increases and no lease expiring the buyer keeps both the wash's cash flow and the long-term value of the property.
- Priced well below replacement cost. Offered at $3,500,000 against a reported facility cost of about $6.3 million roughly 56% of cost. A buyer avoids today's land prices, construction costs and long approval timelines for a new express tunnel.
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Contacts
Collin Boyd
Alpha Real Estate Advisors
Location
Located at 2300 Michigan Ave, Panama City, FL 32405, Panama City, FL 32405, this property is part of the Pretty Bayou neighborhood and Pensacola market.
Contact Listing Broker
Collin Boyd
Alpha Real Estate Advisors