240 Harmon AVE, Panama City, FL 32401
240 Harmon AVE, Panama City, FL 32401
240 Harmon AVE, Panama City, FL 32401
240 Harmon AVE, Panama City, FL 32401
240 Harmon AVE, Panama City, FL 32401
240 Harmon AVE, Panama City, FL 32401
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Seth Matthews

Seth Matthews

+1(850) 830-7208
$ 6,185,000
Est. payment | /mo

46,173 SqFt

Save
$ 6,185,000
Est. payment | /mo
Save

46,173 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 46,173 sqft

Price per Sqft $133

MLS Listing ID 990824

Lot Size 1.060 Acres

Acres 1.06

Source Emerald Coast Association of REALTORS®

Property Description

UNDER CONTRACT. SELLER WILL CONSIDER BACK UP OFFERS. This exceptional 34-unit waterfront community, complete with a 22-slip marina, is now offered at a newly adjusted price, creating an even stronger value proposition for investors. In addition to its comprehensive renovations and prime waterfront amenities, the property includes an income-generating on-site laundry facility and a low-maintenance marina that produces steady net revenue, further strengthening the asset's operational performance. With 22 units fully renovated down to the studs in 2020, upgraded mechanicals, new roofs, contemporary interiors, and a history of consistently high occupancy, this community offers both stability and long-term growth potential. Positioned within the heart of Downtown Panama City's ongoing revitalizationfeaturing upgraded streetscapes, improved walkability, and renewed waterfront developmentthis asset remains one of the most compelling opportunities in the market. The pricing adjustment simply aligns the offering with current investor activity and enhances the property's already strong return profile.

Location

State FL

County Bay

Area 27 - Bay County

Direction Take Beach Drive south to E 2nd Court and turn left. Turn left on Harmon Ave and building will be on the right.

Exterior

Waterfront Description Bayou

Garage No

Building

Faces Take Beach Drive south to E 2nd Court and turn left. Turn left on Harmon Ave and building will be on the right.

Others

Pets Allowed No

Tax ID 20213-000-000

Emerald Coast MLS - IDX
Listed by Marcy L O'Donnell Luxe Coastal Realty

Nearby Locations

Seth Matthews

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(850) 830-7208

sethreal850@gmail.com

174 Watercolor Way, #103143 Santa Rosa Beach, Florida 32459, USA

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240 Harmon AVE