Poured-Concrete Rooftop Restaurant
For Sale
Contact for pricing
436 Harrison Ave, Panama City, FL 32401
Rooftop spans about 6,000 sq ft with stair and elevator access, plus utilities stubbed for restaurant or bar use.
Property Size5,858 SF
Price / SF$187.78
Days on Market197
Property Features for 436 Harrison Ave
General Information
Standard status
Active
Size
5,858 SF
Property subtype
RETAIL
Additional Details
Utilities to Site
Yes
Amenities
staircases
elevator
Building Details
Construction
poured concrete
Listing Agency:
Counts Real Estate Group
(850) 814-9889
Listed By:
Christopher McCall, SIOR
(850) 814-9889
Source:
Moodyscre
Added: Jan 16
Changed: Jul 26
Last Checked: Jul 31 at 6:35AM
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 Counts Real Estate Group
Investment Insights
Based on property information with market context.
Constructed entirely of poured concrete from foundation to roof, the Mashburn Building is engineered for strength and durability, with additional steel reinforcement added in recent years. The rooftop level is ready for a new concept and spans approximately 6,000 square feet, with two staircases and one elevator providing access.
Preliminary concept plans for a rooftop restaurant and bar have been developed and are available at no cost for review. A licensed architect and structural engineer will be needed to finalize plans to fit the intended concept. Major utilities required to operate a restaurant, bar, or additional residential units are already stubbed to the roof for connection.
The building is described as strong enough to support multiple stories. The rooftop offers sweeping views from the Hathaway Bridge and St. Andrews across downtown to Thomas Drive, Front Beach Road, Tyndall Air Force Base, and Callaway, with Tommy Oliver Stadium and Twenty Third Street visible on clear days. The seller notes there are no stormwater requirements and no parking requirements for the project, with use of shared downtown parking for customers and patrons. The first-floor commercial space is also listed for sale under MLS #785003.
Preliminary concept plans for a rooftop restaurant and bar have been developed and are available at no cost for review. A licensed architect and structural engineer will be needed to finalize plans to fit the intended concept. Major utilities required to operate a restaurant, bar, or additional residential units are already stubbed to the roof for connection.
The building is described as strong enough to support multiple stories. The rooftop offers sweeping views from the Hathaway Bridge and St. Andrews across downtown to Thomas Drive, Front Beach Road, Tyndall Air Force Base, and Callaway, with Tommy Oliver Stadium and Twenty Third Street visible on clear days. The seller notes there are no stormwater requirements and no parking requirements for the project, with use of shared downtown parking for customers and patrons. The first-floor commercial space is also listed for sale under MLS #785003.
Key Highlights
- Rooftop space spans about 6,000 SF with two staircases and one elevator for access.
- Poured‑concrete building from foundation to roof engineered for parking‑garage strength.
- Additional steel reinforcement added in recent years; structure is described as suitable for supporting multiple stories.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $126.5k | $21.60 |
| − Vacancy | −$7.6k | −$1.30 |
| EGI | $118.9k | $20.30 |
| − OpEx | −$29.7k | −$5.08 |
| NOI | $89.2k | $15.23 |
5,858 SF · lease $21.60/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.27M
$1.12M – $1.49M
NOI $89,206 @ 7.0% cap · market cap 8.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,124 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,511
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
0.3 miles
Dollar General
Shops & Services
3,443 visits/mo
0.1 miles
Family Dollar
Shops & Services
2,704 visits/mo
0.2 miles
Regions Bank
Shops & Services
2,560 visits/mo
0.4 miles
City Electric Supply
Home Improvements & Furnishings
544 visits/mo
0.3 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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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Rooftop spans about 6,000 sq ft with stair and elevator access, plus utilities stubbed for restaurant or bar use.
Where is this conventional restaurant located?
The property is located at 436 Harrison Ave Panama City, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Rooftop space spans about 6,000 SF with two staircases and one elevator for access.; Poured‑concrete building from foundation to roof engineered for parking‑garage strength.; Additional steel reinforcement added in recent years; structure is described as suitable for supporting multiple stories.
