240 Harmon Avenue
Panama City, FL 32401
$6,185,000
Active
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.
Listing details MLS# 990824
Location, Tax and Legal
- Area
- 27 - Bay County
- Sub area
- 2703 - Bay - Central SW
- County
- Bay
- Parcel ID
- 20213-000-000
- 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
General Property Info
- Property type
- Commercial for Sale
- Acreage
- 1.06
- Lot size (sq ft)
- 46173.6
Remarks and Misc
- Directions
- Take Beach Drive south to E 2nd Court and turn left. Turn left on Harmon Ave and building will be on the right.
