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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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