240 Harmon Avenue, Panama City, FL, 32401

240 Harmon Avenue, Panama City, FL, 32401

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$6,197,500
99 Days On Site

240 Harmon Avenue
Panama City, FL 32401

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
29,796
SqFt
$208
/SqFt
1966
Built
Subdivision:
[No Recorded Subdiv]
County:
Bay
Listing courtesy of Marcy L O'Donnell of Luxe Coastal Realty Group LLC
Call Now: 850-786-3054
Is this the listing for you? We can help make it yours.
850-786-3054
240 Harmon Avenue240 Harmon Avenue240 Harmon Avenue240 Harmon Avenue
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Monthly Payment (Est.)

$28,276
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

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.

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Listing Snapshot
Price 
$6,197,500
Days On Site 
99 Days
Bedrooms 
N/A
Inside Area (SqFt) 
29,796 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.05 Acres
Year Built 
1966
MLS® Number 
782380
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 months agoListing first seen on site
3 months agoListing updated with changes from the MLS®
General Features
Acres 
1.05
Additional Property Use 
Multi-Family
SqFt Total 
29796
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Exterior Features
Lot Features 
Waterfront
Waterfront 
Yes
Community Features
MLS Area 
02 - Bay County - Central
Schools
School District
Unknown
Elementary School
Cherry Street
Middle School
Jinks
High School
Bay
Listing courtesy of Marcy L O'Donnell of Luxe Coastal Realty Group LLC



Listing information is provided by Participants of the Central Panhandle Association of REALTORS MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Central Panhandle Association of REALTORS MLS.
Last checked: 2026-03-15 11:25 AM UTC

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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