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    551 Harrison Ave Panama City, FL 32401

    Sponsored
    For Sale
    $1,800,000

    SINGLE_FAMILY - Panama City, FL

    Type:Retail
    Lot size:
    0.24 Acres
    Days on Market:
    35
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 551 Harrison Ave

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    APN
    19721-000-000
    Accessibility
    Accessible Elevator Installed
    Lot size
    0.24 Acres

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Year built
    1959

    Overstreet Realty (850) 763-4459 [email protected]

    Listing agent MaryAnn Enfinger (850) 814-8482 License #BK3037033

    Listing date Dec 2, 2025

    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.

    Overview

    Downtown Panama City Commercial Building

    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 sits on a 0.24-acre lot. It features two convenient entrances to the main floor: one with direct access from Harrison Avenue and the other from 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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Elegant Endeavors Antique ... Antique Store

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Law Firm Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Late Bloomer Flower Shoppe, Hallmark Flower Shoppe

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.660684
    Latitude
    30.157969

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    FAQs

    What type of property is this?
    Storefront property - Versatile 3-level commercial building in downtown Panama City.
    Where is this storefront property located?
    The property is located at 551 Harrison Ave 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 alley) for flexible customer/operational flow.; - Readily available public parking on Harrison Avenue and at the rear of the building.
    (850) 832-5263
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    551 Harrison Ave Panama City, FL 32401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    551 Harrison Ave Panama City, FL 32401
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