436 Harrison Ave
Panama City, FL 32401 Downtown Panama City

• Unit Size: 6,000 SF
• Condo Use: Office/Retail
• Price: $1,300,000 USD
• Sale Type: Investment or Owner User
• Price/SF: $216.67 USD

Description

Rooftop Restaurant & Bar Opportunity — Historic Downtown Panama City. Located in the heart of Panama City, FL, the area surrounding the property offers a dynamic mix of convenience and charm. With a thriving business district, the location provides easy access to a range of amenities, including popular dining establishments, boutique shops, and recreational areas like the Panama City Marina. Nearby attractions such as the Visual & Performing Arts Center and the Panama City Center for the Arts offer cultural enrichment, while the stunning beaches of St. Andrews State Park and Shell Island provide a refreshing escape. This prime location presents an exceptional opportunity for office building investors seeking a vibrant and diverse community to thrive in.

Sale Notes

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 six thousand 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.