0 Baths
29,796 sqft
$6,185,000
240 Harmon Avenue, Panama City FL, 32401
Price per sqft$207.58
Built in1966
Property size29,796 sqft
Property typeCommercial
Overview
Active
Listed Dec 5, 2025
Updated 2 days ago
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.
Additional information
- MLS® ID
- 782380
Interior Features
- Bathrooms
- 0
- Basement
- No
Exterior Features
- Lot Size
- 1.05 Acres
Other Property Details
- View
- Yes
- Waterfront
- Yes
Courtesy of Luxe Coastal Realty Group LLC, Marcy L O'Donnell,
Listing Contact: 848-220-5555
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Joshua Fowler shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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