836 Harrison Avenue, Panama City, FL 32401

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Sold Price
$450,000
List Price
$500,000

Property Description

Positioned at 836 Harrison Avenue in Panama City, Florida, this 12-room motel presents a rare and compelling opportunity for investors and operators seeking a foothold in one of the Gulf Coast's most energetically transforming corridors. The property sits squarely within a neighborhood experiencing a genuine renaissance -- a dynamic revival of local commerce, community investment, and visitor interest that is reshaping the surrounding area and driving meaningful demand for quality lodging. Whether pursued as a value-add repositioning play, a boutique hospitality redevelopment, or a stabilized income-producing asset, this motel delivers the physical footprint, flexible room mix, and strategic location to support a variety of ownership visions. This property qualifies for a community-based grant program specifically targeting exterior rehabilitation within the revitalization corridor. The available grant funding represents a significant capital contribution toward cosmetic and structural improvements to the building's facade, signage, landscaping, and public-facing elements -- improvements that drive curb appeal, brand perception, and guest acquisition. The Harrison Avenue corridor is in the midst of a well-documented revitalization. New businesses, arts venues, dining concepts, and public infrastructure investments are converging to create a vibrant, walkable district that is attracting both residents and visitors who would previously have bypassed the area. This type of neighborhood momentum -- where private investment and public commitment reinforce each other -- historically precedes significant increases in lodging demand, average daily rate, and property values.

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Listing courtesy of Nations Real Estate, Inc. Selling Office: CENTURY 21 Commander Realty.