30
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$6,197,500
Est. payment /mo
46,173 SqFt
Pending
240 Harmon AVE Panama City, FL 32401
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UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
Square Footage 46,173 sqft
Price per Sqft $134
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
Listed by Marcy L O'Donnell Luxe Coastal Realty
NEARBY SCHOOL & BUSINESS
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