Huge price reduction! Panama City Beach landmark, Mikato Restaurant is for sale. The 1.75 acre parcel is a prime location on the East end of Panama City Beach with Commercial C-3 zoning and almost 300' of frontage on Front Beach Rd and 250' on the Thomas Dr/Bay Point exit lane of Hwy 98. Daily traffic count is 25,200. The building is approx. 9,000 SF with seating capacity of 299 and has been well maintained with new roof and HVAC system. The restaurant is offered turn-key with a bar and lounge with liquor license, a main dining room with 12 hibachi grills and 4 additional dining rooms with 12 more hibachi grills. Close to new PCB Sports Complex and adjacent to a Hawthorn Suites and a Fairfield Inn & Suites. Excellent opportunity as is or for redevelopment for retail space or motel.