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:
$495,000
List Date:
4/20/2023
Last Modified:
10/04/2024
Listing Details MLS# 740406
Contract Info
- List Price/SqFt
- 813.64
- Sub-Type
- Other
Location
- Area
- 02 – Bay County – Central
- Street #
- 302
- Street Name
- Sherman
- Street Suffix
- Avenue
- State
- FL
- Zip Code
- 32401
- County
- Bay
- Sub Area
- 0202 – Bay – Central SE
- Business Name
- Gene's Oyster Bar
- Subdivision
- Welch Add
- Community/Resort
- None
- Waterfront
- No
- Parcel ID
- 22524-000-000
- 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.
- 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
- Immediate Occupancy
- Yes
- Construction Status
- Construction Complete
- Acreage
- 0.09
- SqFt Tot Bldg
- 1100
- Year Built
- 1930
Status Change Info
- Under Contract Date
- 2023-11-24
- Sold Date
- 2023-11-27
- Sold Price/SqFt
- 450
- Sold Price/Acre
- 5500000
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.
More Information
Utilities
- Public Sewer – Connected
- Yes
- Water Connected
- Yes
Business/Property
- Furnished – All
- Yes
Floors in Unit/Home
- One
- Yes
Heating/Cooling
- AC – HVAC
- Yes
- Heat – HVAC
- Yes
Offering Type
- Business Name
- Yes
- FF&E
- Yes
- Inventory
- Yes
- Real Estate
- Yes
- Sale Only
- Yes
Pricing Type
- Sale Price
- Yes
Transport. Access
- 2-Lane
- Yes
- City Road
- Yes
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.