551 Harrison Avenue, Panama City, FL 32401

$1,800,000
Property Type: Commercial for Sale Square Footage: 31,875 Lot Size (sq. ft.): 10,454 Status: Active
Current Price: $1,800,000 List Date: 1/31/2026 Last Modified: 1/31/2026

Description

This solidly constructed, three-level commercial building offers a versatile open floor plan suitable for a variety of uses. The building is approximately 30,000 Sq Ft. It features two convenient entrances to the main floor—one with direct access from Harrison Avenue and the other is the alley way from Grace Avenue—providing flexibility for both customer and operational flow. There is also an additional front entrance on Harrison Avenue that goes to the stairway to go to the top floor, this would be great for multi business use. Public parking is readily available along Harrison Avenue, with additional public parking spaces located at the rear of the building, as well as a public parking lot at the end of Harrison Avenue and Old Business 98. The property is also equipped with a freight elevator. The Street Scape construction in front of the building is projected to be completed by the beginning of November 2025. This building is full of potential, schedule your showing today to own a building in Downtown Panama City.

More Information MLS# 776396

Contract Info

List Price/SqFt: 56.47 List Date: 2025-07-17 List Price: $1,800,000 Current Price: $1,800,000 Sub-Type: Retail

Location

Sub Area: 0203 – Bay – Central SW Community/Resort: None Waterfront: No Elementary School: Cherry Street Middle School: Jinks High School: Bay Directions: From the intersection of Harrison Avenue and 6th Street go South on Harrison Avenue. The property will be on your right. Area: 02 – Bay County – Central Street #: 551 Street Name: Harrison Street Suffix: Avenue State: FL Zip Code: 32401 County: Bay Subdivision: [No Recorded Subdiv] Parcel ID: 19721-000-000 Legal Description: GCD PLAT LOTS 12,13,14 BLK 18 MAP 92D1

General Property Info

List Class: Commercial Acreage: 0.24 Construction Status: Construction Complete SqFt Tot Bldg: 31875 Year Built: 1959

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: This solidly constructed, three-level commercial building offers a versatile open floor plan suitable for a variety of uses. The building is approximately 30,000 Sq Ft. It features two convenient entrances to the main floor—one with direct access from Harrison Avenue and the other is the alley way from Grace Avenue—providing flexibility for both customer and operational flow. There is also an additional front entrance on Harrison Avenue that goes to the stairway to go to the top floor, this would be great for multi business use. Public parking is readily available along Harrison Avenue, with additional public parking spaces located at the rear of the building, as well as a public parking lot at the end of Harrison Avenue and Old Business 98. The property is also equipped with a freight elevator. The Street Scape construction in front of the building is projected to be completed by the beginning of November 2025. This building is full of potential, schedule your showing today to own a building in Downtown Panama City.

Financing

Cash: 1 Conventional: 1

Present Zoning

City: 1 Commercial: 1

Utilities

Public Sewer – Connected: 1 Water Connected: 1

Accessibility Features

Accessible Elevator Installed: 1 Accessible Stairway: 1 Adaptable For Elevator: 1

Sale Type

As Is: 1

Floors in Unit/Home

Three Or More: 1

Transport. Access

2-Lane: 1 City Road: 1

Status Change Info

Status: Active

Property Features

Accessibility Features: Accessible Elevator Installed; Accessible Stairway; Adaptable For Elevator Financing: Cash; Conventional Present Zoning: Commercial Sale Type: As Is Utilities: Public Sewer – Connected; Water Connected
Listing Office: Overstreet Realty
Last Updated: January – 31 – 2026
Information deemed reliable but not guaranteed.