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240 Harmon Avenue, Panama City, FL 32401

$6,197,500
  • 240 Harmon Avenue, Panama City, FL 32401 Main Photo

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Active
SQUARE FEET29,796 MLS#782380
STATUSActive PROPERTY TYPECommercial - Business

Property Description

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 revitalization?featuring upgraded streetscapes, improved walkability, and renewed waterfront development?this 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.

240 Harmon Avenue | MLS# 782380

This commercial property located at 240 Harmon Avenue, Panama City, FL 32401 is currently listed for sale with an asking price of $6,197,500. Search Panama City real estate on themoatsgroup.premierfl.com today.

Property Features

Property Type: Commercial - Business
Lot Size: 1.05 Acres
Year Built: 1966

Feature Descriptions

Days on Site: 135
Parcel#: 20213-000-000
Special View Info: Bayou
Waterfront: Bayou, Gulf Access

Local Schools

High School: Bay
Middle School: Jinks
Elementary School: Cherry Street

Listed By / Shown By

Listed By

Agency Name: Luxe Coastal Realty Group LLC

Shown By

Agent Name: The Moats Group
Agent Phone: (601) 270-6435
Agency Title: Premier Property Group

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