240 Harmon Avenue, Panama City, FL 32401
$6,197,500
Property Type:
Commercial for Sale
Square Footage:
29,796
Lot Size (sq. ft.):
45,738
Status:
Active
Current Price:
$6,197,500
List Date:
12/05/2025
Last Modified:
12/08/2025
Listing Details MLS# 782380
Contract Info
- List Price/SqFt
- 208
- Sub-Type
- Multi-Family
Location
- Area
- 02 – Bay County – Central
- Street #
- 240
- Street Name
- Harmon
- Street Suffix
- Avenue
- State
- FL
- Zip Code
- 32401
- County
- Bay
- Sub Area
- 0203 – Bay – Central SW
- Subdivision
- [No Recorded Subdiv]
- Community/Resort
- None
- Waterfront
- Yes
- Parcel ID
- 20213-000-000
- Elementary School
- Cherry Street
- Middle School
- Jinks
- High School
- Bay
- Directions
- Take Beach Drive south to E 2nd Court and turn left. Turn left on Harmon Ave and building will be on the right.
- 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
- List Class
- Apartment
- Construction Status
- Construction Complete
- # of Units
- 34
- Acreage
- 1.05
- SqFt Tot Bldg
- 29796
- Year Built
- 1966
Multi-Family
- # of Units
- 34
Listing Info, Tax and Legal
- HOA Fee
- No
More Information
Remarks & Misc
- Remarks
- 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.
Association Amenities
- Marina
- Yes
Waterview
- Bayou
- Yes
Sale Type
- As Is
- Yes
Waterfront Type
- Bayou w/ Gulf Access
- Yes
Floors in Unit/Home
- Two
- Yes
Property Features
Sale Type:
As Is
Waterfront Type:
Bayou w/ Gulf Access
Waterview:
Bayou
Listing Office:
Luxe Coastal Realty Group LLC
Last Updated: December – 08 – 2025
Information deemed reliable but not guaranteed.