302 Sherman Avenue, Panama City, FL 32401
$495,000
Property Type:
Commercial for Sale
Square Footage:
1,100
Lot Size (sq. ft.):
3,920
Status:
Sold
Current Price:
$895,000
List Date:
4/20/2023
Last Modified:
10/04/2024
Description
THE OWNER/OPERATOR OF GENE’S OYSTER BAR, A HISTORIC HIDDEN GEM IN MILLVILLE SINCE 1969, IS RETIRING. THIS PRESENTS A ONCE-IN-A-LIFETIME OPPORTUNITY NOT ONLY TO OWN A PIECE OF PANAMA CITY HISTORY, BUT TO BUILD UPON A CORNERSTONE OF THE COMMUNITY AND ITS 50 PLUS YEARS OF FOOD, FUN, AND FELLOWSHIP.
Opened in 1969, Gene’s Oyster Bar remains family-owned and operated and is one of Bay County’s oldest original oyster bars. Although the fresh oysters on the half shell take the spotlight inside this quaint, authentic 15 stool oyster bar, the traditional recipes of baked oysters, fried seafood items and homemade gumbo keep locals and visitors alike coming back time and time again. Enjoy outside dining on the covered patio with seating for up to 24 people. Gene’s Oyster Bar meets all state-defined eligibility criteria and has qualified for up to $119,000.00 in grant funding through the Hometown Revitalization Program (HRP) Business Façade and Building Improvement Program. The turn-key purchase of Gene’s Oyster Bar will include: land, building, business name and phone number, family recipes, restaurant equipment, furniture, fixtures, small wares, signage and state-of-the-art security system and cameras.
More Information MLS# 740406
Contract Info
List Price/SqFt: 813.64
List Date: 2023-04-20
List Price: $895,000
Current Price: $495,000
Sub-Type: Other
Location
Sub Area: 0202 – Bay – Central SE
Community/Resort: None
Waterfront: No
Business Name: Gene’s Oyster Bar
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: From Downtown Panama City travel east on US Bus Hwy 98, turn right (south) on Sherman Avenue, property is located on the northeast corner of Sherman Avenue and 3rd Street.
Area: 02 – Bay County – Central
Street #: 302
Street Name: Sherman
Street Suffix: Avenue
State: FL
Zip Code: 32401
County: Bay
Subdivision: Welch Add
Parcel ID: 22524-000-000
Legal Description: WELCH ADD BEG 66 1/2′ S OF NW COR LOT 12 TH E 105′ S 22′ W 5′ S 60′ W 20′ S 31.4′ TO 3RD ST W 16′ NWLY ON CV E 57′ W 21.8′ N 85′ TO POB LESS RW BLK 5 ORB 2843 P 1427
General Property Info
List Class: Bar/Restaurant
Acreage: 0.09
Immediate Occupancy: Yes
Construction Status: Construction Complete
SqFt Tot Bldg: 1100
Year Built: 1930
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: THE OWNER/OPERATOR OF GENE’S OYSTER BAR, A HISTORIC HIDDEN GEM IN MILLVILLE SINCE 1969, IS RETIRING. THIS PRESENTS A ONCE-IN-A-LIFETIME OPPORTUNITY NOT ONLY TO OWN A PIECE OF PANAMA CITY HISTORY, BUT TO BUILD UPON A CORNERSTONE OF THE COMMUNITY AND ITS 50 PLUS YEARS OF FOOD, FUN, AND FELLOWSHIP.
Opened in 1969, Gene’s Oyster Bar remains family-owned and operated and is one of Bay County’s oldest original oyster bars. Although the fresh oysters on the half shell take the spotlight inside this quaint, authentic 15 stool oyster bar, the traditional recipes of baked oysters, fried seafood items and homemade gumbo keep locals and visitors alike coming back time and time again. Enjoy outside dining on the covered patio with seating for up to 24 people. Gene’s Oyster Bar meets all state-defined eligibility criteria and has qualified for up to $119,000.00 in grant funding through the Hometown Revitalization Program (HRP) Business Façade and Building Improvement Program. The turn-key purchase of Gene’s Oyster Bar will include: land, building, business name and phone number, family recipes, restaurant equipment, furniture, fixtures, small wares, signage and state-of-the-art security system and cameras.
Status Change Info
Sold Price/SqFt: 450
Sold Price/Acre: 5500000
Status: Sold
Under Contract Date: 2023-11-24
Sold Date: 2023-11-27
Sold Price: $495,000
Utilities
Public Sewer – Connected: 1
Water Connected: 1
Business/Property
Furnished – All: 1
Floors in Unit/Home
One: 1
Heating/Cooling
AC – HVAC: 1
Heat – HVAC: 1
Offering Type
Business Name: 1
FF&E: 1
Inventory: 1
Real Estate: 1
Sale Only: 1
Pricing Type
Sale Price: 1
Transport. Access
2-Lane: 1
City Road: 1
Property Features
Offering Type: Business Name; FF&E; Inventory; Real Estate; Sale Only
Pricing Type: Sale Price
Utilities: Public Sewer – Connected; Water Connected
Listing Office:
Counts Real Estate Group
Last Updated: October – 04 – 2024
Information deemed reliable but not guaranteed.