240 Harmon Avenue, Panama City, FL 32401
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Priced at Only: $6,197,500
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Address: 240 Harmon Avenue, Panama City, FL 32401
Property Location and Similar Properties
- MLS#: 782380 ( Commercial )
- Street Address: 240 Harmon Avenue
- Viewed: 23
- Price: $6,197,500
- Price sqft: $208
- Waterfront: Yes
- Wateraccess: Yes
- Waterfront Type: Bayou,GulfAccess
- Year Built: 1966
- Bldg sqft: 29796
- Days On Market: 113
- 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
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DescriptionThis 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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- Views: 23
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