551 Harrison Ave Panama City, FL 32401
For Sale
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This exceptional 30,000-square-foot retail space is ideally situated in Panama City's historic downtown district at 551 Harrison Avenue, conveniently located on Business HWY 98/Harrison Avenue and accessible from Grace Avenue. The single-tenant building boasts a versatile open floor plan spread across three levels, constructed with durable materials. Two entrances provide convenient access for customers, one directly on Harrison Avenue and another off Grace Avenue. Ample parking is available for patrons, with public parking on Harrison Avenue and additional spaces located at the rear of the property. The building is zoned DTD (Downtown District) within Bay County, Florida (APN: 19721-000-000). Facilitating efficient operations, the property includes a freight elevator and convenient dock-height loading access from the rear alley. This unique offering presents a significant opportunity for businesses seeking a prominent location in a thriving downtown area. The building's solid construction and desirable features make it an attractive option for a variety of retail uses. The property is located in Bay County, Florida, zip code 32401. One elevator is available for use.
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Elegant Endeavors Antique Emporium Home Decor Store (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PC10 · Panama City, FLPanama City. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.