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240 Harmon Avenue, Panama City, FL 32401
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  • MLS#: 782380 ( CommercialSale )
  • Street Address: 240 Harmon Avenue
  • Viewed: 33
  • Price: $6,197,500
  • Price sqft: $208
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: Bayou,GulfAccess
  • Year Built: 1966
  • Bldg sqft: 29796
  • Days On Market: 41
  • Additional Information
  • Geolocation: 30.1504 / -85.6568
  • County: BAY
  • City: Panama City
  • Zipcode: 32401
  • Subdivision: [no Recorded Subdiv]
  • Elementary School: Cherry Street
  • Middle School: Jinks
  • High School: Bay
  • Provided by: Luxe Coastal Realty Group LLC
  • DMCA Notice
  • 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 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.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
School Information
  • High School: Bay
  • Middle School: Jinks
  • School Elementary: Cherry Street
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Utilities
  • Carport Spaces: 0.00
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Trash Expense: 0.00
Other Features
  • Legal Description: DAVIS PLAT LOTS 1, 2, 3 & PACL LYING BETWEEN LOT 1 & MASSELINA BAYOU. BLK 5 ORB 4148 P 69 AND PART OF VACATED BLUFF ST R/W . ORD# 2688 ORB 4163 P 171
  • Area Major: 02 - Bay County - Central
  • Occupant Type: Occupied
  • Parcel Number: 20213-000-000
  • Possible Use: MultiFamily
  • The Range: 0.00
  • View: Bayou
  • Views: 33
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  4. DMCA Notice
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  1. Marian Casteel, BrkrAssc,REALTOR ®
  2. Tropic Shores Realty
  3. CLIENT FOCUSED! RESULTS DRIVEN! SERVICE YOU CAN COUNT ON!
  4. Mobile: 352.601.6367
  5. 352.601.6367
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