Versatile Commercial Building in
For Sale
$1,800,000
551 Harrison Avenue, Panama City, FL 32401
SINGLE_FAMILY - Panama City, FL
Property Size31,875 SF
Lot Size0.24 Acres
Price / SF$56.47
Days on Market395
Property Features for 551 Harrison Avenue
General Information
Property type
Residential
Property subtype
Retail
Zoning description
Commercial, City
Accessibility
Accessible Elevator Installed
Subdivision
[No Recorded Subdiv]
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.
Standard status
Active
APN
19721-000-000
Size
31,875 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Description
GCD PLAT LOTS 12,13,14 BLK 18 MAP 92D1
Legal Description
GCD PLAT LOTS 12,13,14 BLK 18 MAP 92D1
Utilities
Sewer type
Public Sewer
Building Details
Year built
1959
Listing Agency:
Overstreet Realty
(850) 774-0402
Listed By:
MaryAnn Enfinger · License #BK3037033
(850) 832-5263
Added: Jul 17, 2025
Changed: Apr 20
Last Checked: Aug 15 at 7:06PM
MLS# 776396
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
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 and situated in Downtown Panama City. It features two convenient entrances to the main floor--one with direct access from Harrison Avenue and the other 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, located at 551 Harrison Avenue, Panama City, FL 32401, is also equipped with a freight elevator. The lot size is 0.24 acres, and the property size is 31875 Square Feet.
Key Highlights
- 30,000 Sq Ft commercial building with versatile open floor plan.
- Two main floor entrances (Harrison Ave & Grace Ave) for flexible customer/operational flow.
- Readily available public parking on Harrison Avenue and at the rear of the building.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,679
Businesses Nearby
15k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Hotels & Casinos 39%
Home Improvements & Furnishings 4%
Hotel Indigo
Hotels & Casinos
6,030 visits/mo
0.5 miles
Dollar General
Shops & Services
3,443 visits/mo
0.0 miles
Family Dollar
Shops & Services
2,704 visits/mo
0.2 miles
Regions Bank
Shops & Services
2,560 visits/mo
0.3 miles
City Electric Supply
Home Improvements & Furnishings
544 visits/mo
0.2 miles
Demographics for 32401, FL
20,487
Population
10,239
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
1,639
Density / Sq Mi
$49,901
Median Household Income
$35,885
Median Earnings
$1,194
Median Rent
$207,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Late Bloomer Flower Shoppe — 556 Harrison Ave, Panama City, FL 32401
- Hallmark Flower Shoppe — 702 US-98 BUS, Panama City, FL 32401
Frequently Asked Questions
What type of property is this?
Storefront property - 30,000 Sq Ft commercial building in downtown Panama City.
Where is this storefront property located?
The property is located at 551 Harrison Avenue Panama City, FL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 30,000 Sq Ft commercial building with versatile open floor plan.; Two main floor entrances (Harrison Ave & Grace Ave) for flexible customer/operational flow.; Readily available public parking on Harrison Avenue and at the rear of the building.
