Wahoo’s Express Car Wash Business & Real Estate

For Sale

2300 Michigan Ave, Panama City, FL 32405, Panama City, FL 32405

This Panama City property for sale is located at 2300 Michigan Ave, Panama City, FL 32405. The current listed sale price for Wahoo’s Express Car Wash Business & Real Estate is $3,500,000. Wahoo’s Express Car Wash Business & Real Estate is situated on a lot that is 1.12 acre in size.

Contacts

Collin Boyd

Alpha Real Estate Advisors

Property Details

  • Property Type Other
  • Property Size 3,500 SF
  • Lot Size 1.12 Acre
  • Property Tenancy Single Tenant
  • Date Updated Oct 7, 2026
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.
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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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Location

  • City Panama City, FL
  • Neighborhood Pretty Bayou
  • Zip Code 32405
  • Market Pensacola

Points of Interest

  • Chevron

    0.05 miles

  • Circle K

    0.85 miles

  • Sam's Club

    1.24 miles

  • Beeline

    1.95 miles

  • Murphy USA

    2.69 miles

  • Exxon

    2.75 miles

  • Harvey De Mathis Park parking

    2.55 miles

  • Hyatt Place Parking

    9.86 miles

  • Comfort Inn & Suites Panama City - Saint Andrew

    0.62 miles

  • Fairway Inn

    0.65 miles

  • Budget Inn Building 3

    0.65 miles

  • Budget Inn Building 2

    0.65 miles

  • Budget Inn

    0.66 miles

  • Quality Inn & Suites Near Panama City Beach Building 2

    0.72 miles

  • Quality Inn & Suites Near Panama City Beach

    0.73 miles

  • Rodeway Inn Panama City

    0.75 miles

  • Ramada Panama City

    0.81 miles

  • Suburban Extended Stay Hotel Near Panama City Beach

    0.88 miles

  • Winn-Dixie

    0.32 miles

  • Grocery Outlet

    1.05 miles

  • Piggly Wiggly

    1.74 miles

  • Big Lots

    2.29 miles

  • Publix

    2.31 miles

  • TJ Maxx

    2.34 miles

  • Walmart Supercenter

    2.41 miles

  • Ross

    3.30 miles

  • Burlington

    3.35 miles

  • Don Jorge Mexican Grocery Store

    3.39 miles

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