436 Harrison Avenue 400, Panama City, FL 32401
Bay County
Key Facts
Description
Welcome to one of the most structurally impressive buildings in all of Bay County. The Mashburn Building was constructed entirely of poured concrete from foundation to roof, engineered with the strength and durability of a parking garage. In recent years, hundreds of thousands of dollars in additional steel reinforcement have been added to the structure, making it one of the strongest private buildings in the county. Now, the rooftop is ready for your big idea. The rooftop spans +/-6,000 square feet and includes two staircases and one elevator for easy access. The structure is strong enough to support multiple stories, allowing for additional concepts such as residential condos above a restaurant or bar. Preliminary concept plans have been developed for a rooftop restaurant and bar, and these are available for your use at no cost. They are designed to help you visualize the possibilities, though a licensed architect and structural engineer will need to finalize the plans to suit your concept. From this vantage point, you can take in one of the best views in the entire Florida Panhandle, a sweeping panorama that stretches from the Hathaway Bridge and Saint Andrews across downtown all the way to Thomas Drive, Front Beach Road, Tyndall Air Force Base, and Callaway. On a clear day, you can even see Tommy Oliver Stadium and Twenty Third Street. Photos simply cannot capture what it feels like to stand here in person. All major utilities required to operate a restaurant, bar, or additional residential units are already stubbed to the roof and ready for connection. There are no stormwater requirements, and no parking requirements are needed for this project. You can use the shared parking that downtown offers for you and your customers. A restaurant or bar here would be the crown jewel of our area. If executed with creativity and vision, this space could easily be featured in magazines across the southeast. This is your opportunity to create something iconic, an elevated destination that will redefine downtown Panama City's skyline and nightlife. The first floor commercial space is also listed for sale. See MLS #785003
Property Information
Property Type
Commercial Sale
Lot Size
0.15 acres
Days on Market
28
MLS® Listing#
994951
Property Features
Financial Details
Parcel Number
19553000000
Directions
From 98 go South on Harrison Ave to Downtown Panama City, the Mashburn Building is on your left
Affordability Calculator
$220,000
Estimated monthly payment
$5,855/mo
Principal $880,000 · Est. interest $1,227,678 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Panama City, FL
- $379,336
- Median Listing Price
- 106
- Median Days on Market
- 1,566
- Median Sq Ft
- $250
- Median Price / Sq Ft
- 6,101
- Active Listings
- This home’s price is 190% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Panama City, FL.
Location
Points of Interest in Panama City, FL
Showing the Panama City area map.
Nearby Schools
Holy Nativity Episcopal School
School · 0.7 mi away
Bay Regional Juvenile Detention Center
School · 0.8 mi away
Chautauqua Charter School
Secondary · 0.9 mi away
Eagle Nest Christian Academy
School · 0.9 mi away
Bay High School
Secondary · 1.0 mi away
The Education Center of Panama City
School · 1.0 mi away
Merriam Cherry Street Elementary
Elementary · 1.1 mi away
Jinks Middle School
Secondary · 1.1 mi away
A D Harris Headstart
School · 1.1 mi away
Palm Bay Preparatory Academy
Elementary · 1.2 mi away
Panama City Christian School
School · 1.2 mi away
North Bay Haven Charter Academy
School · 1.2 mi away
C C Washington Academy
School · 1.4 mi away
Rosenwald High School
Secondary · 1.4 mi away
Rosenwald Middle School
School · 1.4 mi away
Bay Virtual Instruction Program (District Provided)
Secondary · 1.5 mi away
Bay District Schools
School · 1.5 mi away
Oscar Patterson Elementary Magnet
Elementary · 1.5 mi away
Renaissance School International
School · 1.7 mi away
St John Catholic School
School · 1.8 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 623 Fernwood Street A, Panama City Beach, FL | $770,000 | 4 | 4 | 2,495 |
| 22400 Front Beach Road 28, Panama City Beach, FL | $770,000 | 2 | 3 | 1,384 |
| 36510 SAINT JOE ROAD, DADE CITY, FL | $773,333 | 4 | 3 | 2,684 |
| 5614 PLESS ROAD, PLANT CITY, FL | $774,000 | 4 | 3 | 2,072 |
| 615 Longpoint Way, Panama City Beach, FL | $774,000 | 4 | 3 | 2,543 |
| 1401 BUELL COURT, PLANT CITY, FL | $774,000 | 4 | 2 | 2,928 |
Moving Cost Estimate
EXIT Agents in Panama City
Listing Courtesy: Counts Real Estate Group Inc - 8502493615