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.