436 Harrison Ave - Storefront FOR SALE


Panama City, FL 32401- Downtown Panama City
$1,300,000 USD
850-913-9133
436 Harrison Ave, Panama City, FL for Sale
$1,300,000 USD
Storefront - FOR SALE
1/24
null | Request Cap Rate

436 Harrison Ave
Panama City, FL 32401
Downtown Panama City


HIGHLIGHTS

  • Retail / restaurant redevelopment opportunity in the heart of downtown.
  • Structurally reinforced concrete construction – built to handle multi-story expansion.
  • 6,000 SF rooftop area ready for bar, restaurant, or event space (with elevator access).
  • No parking or stormwater requirements; utilities stubbed and ready for connection.
  • Located within Downtown Panama City’s revitalization corridor near the marina and civic core.

OVERVIEW

Welcome to one of the most structurally impressive buildings in all of Bay County. The Mashburn Building was constructed entirely of poured concrete from foundation to roof, engineered with the strength and durability of a parking garage. In recent years, hundreds of thousands of dollars in additional steel reinforcement have been added to the structure, making it one of the strongest private buildings in the county. Now, the rooftop is ready for your big idea. The rooftop spans six thousand square feet and includes two staircases and one elevator for easy access. The structure is strong enough to support multiple stories, allowing for additional concepts such as residential condos above a restaurant or bar. Preliminary concept plans have been developed for a rooftop restaurant and bar, and these are available for your use at no cost. They are designed to help you visualize the possibilities, though a licensed architect and structural engineer will need to finalize the plans to suit your concept. From this vantage point, you can take in one of the best views in the entire Florida Panhandle, a sweeping panorama that stretches from the Hathaway Bridge and Saint Andrews across downtown all the way to Thomas Drive, Front Beach Road, Tyndall Air Force Base, and Callaway. On a clear day, you can even see Tommy Oliver Stadium and Twenty Third Street. Photos simply cannot capture what it feels like to stand here in person. All major utilities required to operate a restaurant, bar, or additional residential units are already stubbed to the roof and ready for connection. There are no stormwater requirements, and no parking requirements are needed for this project. You can use the shared parking that downtown offers for you and your customers. A restaurant or bar here would be the crown jewel of our area. If executed with creativity and vision, this space could easily be featured in magazines across the southeast. This is your opportunity to create something iconic, an elevated destination that will redefine downtown Panama City’s skyline and nightlife.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$54 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rooftop of the Mashburn Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1939

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,600 SF

ZONING

DTC

APN/PARCEL ID

19553-000-000

ASK ABOUT THIS PROPERTY

Anna BranchFive Bridges Real Estate ServicesMore Info
850-913-9133

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Anna BranchFive Bridges Real Estate ServicesMore Info
850-913-9133

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.