Historic School Redevelopment
For Sale
Contact for pricing
Pending
101 East 7th Street, Panama City, FL 32401
NRHP-listed 1915 school building on a 2.58-acre site offers Opportunity Zone eligibility for historic redevelopment.
Property Size24,004 SF
Lot Size2.58 Acres
Days on Market2717
Property Features for 101 East 7th Street
General Information
Standard status
Pending
Size
24,004 SF
Lot size
2.58 Acres
Property subtype
Special Purpose
Zoning
Downtown (DTD/Panama City)
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Opportunity Zone
Yes
Building Details
Year Built
1915
Stories
3
Units
90
Listing Agency:
Wattenbarger Commercial
Listed By:
Kevin Wattenbarger, CCIM · License #FLBK3137983
Source:
Crexi
Added: Apr 1, 2019
Changed: Aug 21
Last Checked: Aug 14 at 7:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Wattenbarger Commercial
Investment Insights
Based on property information with market context.
101 E 7th Street is the site of the historic Panama Grammar School (1915), individually listed on the National Register of Historic Places. The three-story concrete and brick educational building remains on the 2.58-acre property, presenting a redevelopment framework centered on historic rehabilitation and adaptive reuse.
The property is located at the intersection of Harrison Avenue and East 7th Street in the heart of Historic Downtown Panama City. It sits within a Qualified Census Tract, providing eligibility for federal Opportunity Zone (OZ) incentives tied to qualifying historic and mixed-use redevelopment projects.
Previous development studies and schematic plans contemplated renovation of the historic building into up to 25 multifamily units, along with potential new infill residential construction on the remainder of the site to create a larger mixed-use residential community. Surrounding context referenced in the materials includes walkability to downtown restaurants, shops, and cultural amenities, proximity to St. Andrews Bay waterfront, and ongoing downtown revitalization efforts involving retail, office, and residential investment.
The property is located at the intersection of Harrison Avenue and East 7th Street in the heart of Historic Downtown Panama City. It sits within a Qualified Census Tract, providing eligibility for federal Opportunity Zone (OZ) incentives tied to qualifying historic and mixed-use redevelopment projects.
Previous development studies and schematic plans contemplated renovation of the historic building into up to 25 multifamily units, along with potential new infill residential construction on the remainder of the site to create a larger mixed-use residential community. Surrounding context referenced in the materials includes walkability to downtown restaurants, shops, and cultural amenities, proximity to St. Andrews Bay waterfront, and ongoing downtown revitalization efforts involving retail, office, and residential investment.
Key Highlights
- Historic Panama Grammar School building built in 1915; individually listed on the National Register of Historic Places (NRHP).
- Three‑story concrete and brick educational building on a 2.58‑acre site.
- Property sits in a Qualified Census Tract with eligibility for Opportunity Zone (OZ) incentives.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,877
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
School - NRHP-listed 1915 school building on a 2.58-acre site offers Opportunity Zone eligibility for historic redevelopment.
Where is this school located?
The property is located at 101 East 7th Street Panama City, FL.
What are key features of this property?
This property features: Historic Panama Grammar School building built in 1915; individually listed on the National Register of Historic Places (NRHP).; Three‑story concrete and brick educational building on a 2.58‑acre site.; Property sits in a Qualified Census Tract with eligibility for Opportunity Zone (OZ) incentives.
