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MLS# 782380
Status: Active
240 Harmon Avenue
Panama City, FL 32401
$6197500.00
Panama City, FL 32401
County: Bay
Year Built: 1966
Area: 02 - Bay County - Central
SqFt Tot Bldg: 29796.00
Acreage: 1.05
Subdivision: [No Recorded Subdiv]
Waterfront: Yes
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(848) 220-5555 |
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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.
| # of Units: | 34 |
| Parcel ID: | 20213-000-000 |
| Community/Resort: | None |
| Sub Area: | 0203 - Bay - Central SW |
| Cumulative DOM: | 91 |
| Days On Market: | 91 |
| Active Development Order: | No |
| Waterfront Type: | Bayou w/ Gulf Access |
| Waterview: | Bayou |