Rooftop Restaurant
For Sale
$1,100,000
436 Harrison Avenue, Panama City, FL 32401
Commercial for Sale, Panama City, FL
Property Size6,000 SF
Lot Size0.15 Acres
Price / SF$183.33
Days on Market72
Property Features for 436 Harrison Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From 98 go South on Harrison Ave to Downtown Panama City, the Mashburn Building is on your left
Subdivision
27 - Bay County
Standard status
Active
APN
19553-000-000
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
GULF COAST DEV CO PLAT LOT 10 BLK 2 ORB 4632 P 12
Legal Description
GULF COAST DEV CO PLAT LOT 10 BLK 2 ORB 4632 P 12
Amenities
staircases
elevator
views
Listing Agency:
Counts Real Estate Group Inc
(850) 249-3615
Listed By:
Christopher S McCall · License #666647
(850) 814-9889
Added: Aug 18
Changed: Oct 1
Last Checked: Oct 28 at 12:06AM
MLS# 1010121
Copyright © 2026 Emerald Coast 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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The rooftop of the Mashburn Building provides approximately 6,000 square feet of commercial space within a poured-concrete structure reinforced with additional steel. Access is provided by two staircases and an elevator. The building’s structural design can support multiple additional stories, subject to final architectural and engineering plans.
Major utilities needed for restaurant, bar, or residential use are stubbed to the roof for connection. Preliminary plans for a rooftop restaurant and bar are available at no cost and may help guide future design, with licensed professionals required to complete the final plans. The elevated setting offers broad views extending across Panama City and the surrounding area, including the Hathaway Bridge, Saint Andrews, Front Beach Road, Thomas Drive, Tyndall Air Force Base, and Callaway. The project has no stormwater or parking requirements, with access to shared downtown parking.
Major utilities needed for restaurant, bar, or residential use are stubbed to the roof for connection. Preliminary plans for a rooftop restaurant and bar are available at no cost and may help guide future design, with licensed professionals required to complete the final plans. The elevated setting offers broad views extending across Panama City and the surrounding area, including the Hathaway Bridge, Saint Andrews, Front Beach Road, Thomas Drive, Tyndall Air Force Base, and Callaway. The project has no stormwater or parking requirements, with access to shared downtown parking.
Key Highlights
- Approximately 6,000 square feet of rooftop commercial space
- Poured‑concrete structure with added steel reinforcement
- Two staircases and one elevator provide rooftop access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,492
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,509,840
$1.5M
Cap Rate 7%
$1,078,457
$1.1M
Cap Rate 9%
$838,800
$838.8K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$108.0K $18.00/SF
− Vacancy
−$7.3K −$1.22/SF
EGI
$100.7K $16.78/SF
− OpEx
−$25.2K −$4.19/SF
NOI
$75.5K $12.58/SF
Area
Bay County, FL
Vacancy
6.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,509,840
Cap Rate 7%
$1,078,457
Cap Rate 9%
$838,800
Alternative Uses
Best Use
Specialty Retail
$1.08M
$943.7K – $1.26M
NOI $75,492 @ 7.0% cap · market cap 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,374 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Elevated commercial space offers utility connections, multiple access points, and potential for restaurant or bar development.
Where is this conventional restaurant located?
The property is located at 436 Harrison Avenue 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: Approximately 6,000 square feet of rooftop commercial space; Poured‑concrete structure with added steel reinforcement; Two staircases and one elevator provide rooftop access
