A dual function heating and toasting apparatus is provided for radiantly heating or surface toasting bread-type food products. The apparatus includes a housing defining a heating/toasting chamber. A generally vertically oriented, center fixed heating platen is disposed in the chamber. A pair of generally vertically oriented, movable heating platens are disposed on opposite sides of the center fixed platen. A gate is movably mounted on the housing near the bottoms of the platens for movement between a closed position to hold a product between the platens and an open position allowing a finished product to exit the chamber. A product such as a bagel can be placed into the chamber onto the gate between one of the movable platens and the fixed platen and spaced therefrom to heat the bagel by radiant heat. Alternatively, a product such as a bun can be placed in the chamber onto the gate and the movable platen moved to bias the bun against the fixed platen to surface toast the bun. The gate is movable to the open position to allow the heated bagel or the toasted bun to exit the chamber.