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Three-Level Retail Building
For Sale
$1,800,000

551 Harrison Avenue, Panama City, FL 32401

A freight elevator complements the building’s multi-level commercial layout.

Property Size31,875 SF
Price / SF$56.47
Days on Market269

Property Features for 551 Harrison Avenue

General Information

Standard status Active
Size 31,875 SF
Property subtype Retail

Additional Details

Road Access Yes

Building Details

Building Size 31,875 SF
Year Built 1959
Buildings 1
Stories 3
Listing Agency: Side
Listed By: Local Insight Realty
Source: Localinsightrealty
Added: Jan 31 Changed: Oct 26 Last Checked: Oct 26 at 12:03PM

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 Side

Rey
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Investment Insights

Based on property information with market context.

This 1959 retail property has three levels and a freight elevator. The main floor can be entered from Harrison Avenue or from the alley off Grace Avenue. A separate Harrison Avenue entrance leads to stairs serving the upper floor, providing distinct access points within the building.

Public parking is available on Harrison Avenue, behind the property, and in a lot near Harrison Avenue and Old Business 98 in downtown Panama City.

Key Highlights

  • Three‑level commercial building constructed in 1959
  • Freight elevator on site
  • Two main‑floor access points: Harrison Avenue and the alley off Grace Avenue

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Elegant Endeavors Antique ... Home Decor Store

Suggested Use

Top Pick Garden Center Auto Parts Store Auto Repair Shop Storage Facility Restaurant Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,679
Businesses Nearby
15k
Monthly Visits Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Retail space - A freight elevator complements the building’s multi-level commercial layout.
Where is this retail space 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: Three‑level commercial building constructed in 1959; Freight elevator on site; Two main‑floor access points: Harrison Avenue and the alley off Grace Avenue
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