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240 Harmon AvenueListing photo id 1 for 240 Harmon Avenue Listing photo id 2 for 240 Harmon Avenue Listing photo id 3 for 240 Harmon Avenue Listing photo id 4 for 240 Harmon Avenue Listing photo id 5 for 240 Harmon Avenue Listing photo id 6 for 240 Harmon Avenue Listing photo id 7 for 240 Harmon Avenue Listing photo id 8 for 240 Harmon Avenue Listing photo id 9 for 240 Harmon Avenue Listing photo id 10 for 240 Harmon Avenue Listing photo id 11 for 240 Harmon Avenue Listing photo id 12 for 240 Harmon Avenue Listing photo id 13 for 240 Harmon Avenue Listing photo id 14 for 240 Harmon Avenue Listing photo id 15 for 240 Harmon Avenue Listing photo id 16 for 240 Harmon Avenue Listing photo id 17 for 240 Harmon Avenue Listing photo id 18 for 240 Harmon Avenue Listing photo id 19 for 240 Harmon Avenue Listing photo id 20 for 240 Harmon Avenue Listing photo id 21 for 240 Harmon Avenue Listing photo id 22 for 240 Harmon Avenue Listing photo id 23 for 240 Harmon Avenue Listing photo id 24 for 240 Harmon Avenue Listing photo id 25 for 240 Harmon Avenue Listing photo id 26 for 240 Harmon Avenue Listing photo id 27 for 240 Harmon Avenue Listing photo id 28 for 240 Harmon Avenue Listing photo id 29 for 240 Harmon Avenue Listing photo id 30 for 240 Harmon Avenue
  • MLS#: 782380 ( CommercialSale )
  • Street Address: 240 Harmon Avenue
  • Viewed: 16
  • Price: $6,197,500
  • Price sqft: $208
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: Bayou,GulfAccess
  • Year Built: 1966
  • Bldg sqft: 29796
  • Days On Market: 12
  • 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.
Features
Waterfront Description
  1. Bayou
  2. GulfAccess
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Covered Spaces
  1. 0.00
Garage Spaces
  1. 0.00
High School
  1. Bay
Insurance Expense
  1. 0.00
Legal Description
  1. DAVIS PLAT LOTS 1
  2. 2
  3. 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
Living Area
  1. 0.00
Middle School
  1. Jinks
Area Major
  1. 02 - Bay County - Central
Net Operating Income
  1. 0.00
Occupant Type
  1. Occupied
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 20213-000-000
Pet Deposit
  1. 0.00
Possible Use
  1. MultiFamily
Property Type
  1. CommercialSale
School Elementary
  1. Cherry Street
Security Deposit
  1. 0.00
The Range
  1. 0.00
Trash Expense
  1. 0.00
View
  1. Bayou
Views
  1. 16
Year Built
  1. 1966