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Welcome to a lucrative investment opportunity in Panama City, FL. This prime commercial property at 2810 Hwy 77 offers a solid income stream with a favorable cap rate of 7.1%. With an occupied space and annual tenant income of $163,823 this property ensures long-term financial growth.
Featuring two buildings (front 5,000 sf & back 6,000 sf)  totaling 11,000 sq ft, this property houses thriving tenants including South Oak Title, Think Real Estate, and Mochas & Minis. The combined tenant income of $163,823 annually guarantees a steady cash flow. 
Strategically located on Hwy 77, this property enjoys excellent visibility and high traffic exposure, with consistent demand for commercial space. Close to amenities and businesses, it leverages the city's economic growth for maximum returns.
With a competitive price, solid tenant base, impressive income, and favorable cap rate, this investment property offers exceptional value. Future appreciation  enhance its long-term potential.
In 2019 both buildings were remodeled with new roofs.  Extensive modern buildout was completed for South Oak Title and Think Real Estate.  All Ac units are less than 5 years old with (2) 5 ton units replaced in back building in June 2023.   Don't miss out on this opportunity to acquire a fully occupied investment property.
#769692

Panama City

2810 Hwy 77 A-B

None Beds

None Baths

11,800 Sq.Ft.

$1,600,000

MLS#: 769692

1309 Bayou Court located on the best DEEP Waterfront available. Features to notice - boathouse w/ lift, 5 beds, 4.5 baths, 5510 square feet, drive through garages, .64 acres, in-ground pool, updated top to bottom, this house checks all the boxes! The home is set back over 100 feet from the road for added privacy w/ 2 drive-through garages and an extended front porch. Kitchen has been updated, Travertine floors, quartz counters, new appliances, Sub Zero fridge, Wolfe appliances, over-sized breakfast nook w/ adjoining formal dining. A spacious family room w/ fireplace, access to the backyard, pool w/ hot tub and patio as well as a boat dock. Huge Master suite set on its own level with private balcony, stunning water views, a private fireplace and unbelievable closet. Master bath, double vanity, custom cabinets, enormous tub, separate shower w/ 6 heads plus a rain shower. Simply put, the bathroom is out of a magazine. 4 of the 5 bedrooms have private water views as well as their own full bathrooms. All bathrooms have been fully updated and it shows. The backyard features, covered and open patios, a paver pool deck, private boathouse for plenty of fun in the sun! The Cove is by far the best waterfront available in this area and is also golf cart friendly and features the St Andrews Bay Yacht Club. A waterfront house, fully updated, meticulously kept, not a thing to do other than move in. A house like this is an opportunity. Come tour today!
#705845

Panama City

1309 Bayou Court

5 Beds

4 Baths

5,510 Sq.Ft.

$1,600,000

MLS#: 705845

Large redevelopment site, with good elevation, on the area's most desirable commercial corridor, just south of Wal Mart, Publix, and many retail and commercial destinations. Improvements damaged by Hurricane Michael represent no value.
#717359

Lynn Haven

2617 S Highway 77

None Beds

None Baths

2.87 acres

$1,600,000

MLS#: 717359

Envision your coastal beach escape in Gulf Trace. Located in the exclusive Gulf Trace Community along the highly coveted 30A coastline, this 4th tier lot presents an extraordinary opportunity to create your perfect beachside retreat. 

Just steps from the neighborhood beach walkover, this prime homesite offers effortless access to the sugar-white sands and emerald waters of the Gulf of Mexico. 

Positioned within a private, gated enclave, Gulf Dunes is renowned for its natural setting, bordering Grayton State Park and cultivating a peaceful community. This low-density neighborhood offers unmatched privacy and exclusivity. As the only listed lot in this prestigious community, this property is a rare gem along 30A.

Boasting a generous 80x125 footprint, the lot offers ample space to design your dream home with potential for breathtaking Gulf views and awe-inspiring sunsets. The conceptual renderings provided showcase the possibilities, sparking inspiration for a stunning future residence tailored to your vision.

As one of the few gated, private, west end beachfront communities along Scenic Highway 30A, Gulf Trace ensures a lifestyle of tranquility, luxury, and refined coastal living.

Don't miss your chance to join this exclusive enclave and secure your own slice of paradise. Schedule your viewing today and begin building the 30A retreat you've always envisioned.
#769781

Santa Rosa Beach

Lot 3 Gulf Breeze Drive

None Beds

None Baths

0.23 acres

$1,600,000

MLS#: 769781

*All units occupied and generating $12,950 a month*
311 Pennsylvania Ave consists of 2 separate 2 story buildings A & B. Each building contains 4 units (8 all together). Per owner each unit is 1000 SF with 2 bedrooms and 1 bathroom (16 bedrooms and 8 bathrooms all together), washer/dryer hookups are located in the storage closet outside each unit next to the front door on first floor units, on second floor units storage closet is located on balcony. All units have been completely remodeled with brand new stainless steel appliances, flooring, HVAC and water heaters, new wiring and plumbing. New roofs on both buildings and have been freshly painted on the exterior and interior. New landscaping and plenty of parking gives this property really great curb appeal. 

Property is 375 feet from Leslie Porter Park right on the bay by the Bailey Bridge. The park comes equipped with a playground, a beach, picnic tables, bathrooms and a boat launch.
#755554

Lynn Haven

311 Pennsylvania Avenue

2 Beds

1 Baths

8,000 Sq.Ft.

$1,600,000

MLS#: 755554

A rare Redevelopment Opportunity located on the east side of St. Andrews Bay with deep water boat slippage.  The site of Long Point Condominium complex sits on the Northwest side of a peninsula with calm water and presents many options for a new owner.  Its currently zoned Mixed Use, and it adjoins Earl Gilbert State Park's public boat launch and its white sandy beaches.  This 1.48 acre parcel is located at the foot of Tyndall bridge with quick boating access to the Gulf of Mexico.  The buildings were damaged beyond repairs and now it's time for some lucky developer to rebuild.
#681687

Panama City

6700 Oakshore Drive

None Beds

None Baths

1.48 acres

$1,600,000

MLS#: 681687

This 45' Gulf Front lot is located in the eastern portion of Carillon Beach, with a very private entry from a cul de sac off Beachside Drive.  The spectacular views from this lot are breath taking. There is ample room on this lot to build a guest house or carriage house as well as a main house.  There are very few Gulf Front lots remaining in Carillon Beach - this one is a beauty.  Take the time to give us a call and come see this great piece of property.  Imagine sitting on your porch, watching the dolphins play and having your own beach walkover!
#643456

Panama City Beach

514 BEACHSIDE GARDENS

None Beds

None Baths

N/A

$1,600,000

MLS#: 643456

Positioned on ½ acre along the tranquil waters of Cinco Bayou, this exceptional waterfront estate at 144 Monahan Drive offers a rare blend of privacy, craftsmanship, and coastal lifestyle living. Designed for both comfort and entertainment, the property combines timeless finishes with distinctive architectural details throughout. Inside, expansive living areas showcase vaulted ceilings, cedar accent walls, built-in bookcases, and fireplace that create warmth and character. Travertine, porcelain tile, bamboo, Brazilian cherry, cork, and wood-style plank flooring reflect the custom quality found in every space. The chef's kitchen is appointed with built-in appliances and travertine flooring, flowing seamlessly into generous dining and gathering areas ideal for hosting. The waterfront primary suite offers serene views and a spa-inspired bath featuring a soaking tub, bidet, oversized tiled shower, and custom walk-in closet. A private apartment lockout with skylights and bay window provides flexible accommodation for guests or multigenerational living. Outdoors, resort-style living awaits with a kidney-shaped in-ground pool, expansive paver deck, gazebo, and large wooden waterfront deck. Boating enthusiasts will appreciate the dock and lift (conveyed as-is), offering direct access to the bayou lifestyle. Additional highlights include a 12-12.5KW generator supporting major systems, whole-house water softener, detached 40x10 powered workshop, detached two-car garage, carport, and circular drive. This is more than a waterfront home it is a private coastal retreat in the heart of Fort Walton Beach, offering space, flexibility, and unforgettable sunsets over Cinco Bayou.
#998388

Fort Walton Beach

144 Monahan Drive

4 Beds

3 Baths

4,454 Sq.Ft.

$1,600,000

MLS#: 998388

Entered for comp purposes.
#977397

Miramar Beach

Lot 21 S Geronimo South Street

None Beds

None Baths

0.3 acres

$1,600,000

MLS#: 977397

Truly a one of a kind parcel. All the advantages of PIER PARK without any of the expenses. This used to be the old Pancake Plus Parcel. The perfect location for theme Restaurant Bar combination with magnificent view to the Gulf and City Pier. Parcel adjoins Parking and Margaritaville.
#887578

Panama City Beach

16300 Front Beach Road

None Beds

None Baths

0.33 acres

$1,600,000

MLS#: 887578

Welcome to a lucrative investment opportunity in Panama City, FL. This prime commercial property at 2810 Hwy 77 offers a solid income stream with a favorable cap rate of 7.1%. With an occupied space and annual tenant income of $163,823 this property ensures long-term financial growth.

Featuring two buildings (front 5,000 sf & back 6,000 sf) totaling 11,000 sq ft, this property houses thriving tenants including South Oak Title, Think Real Estate, and Mochas & Minis. The combined tenant income of $163,823 annually guarantees a steady cash flow.

Strategically located on Hwy 77, this property enjoys excellent visibility and high traffic exposure, with consistent demand for commercial space. Close to amenities and businesses, it leverages the city's economic growth for maximum return
#970121

Panama City

2810 FL-77 A-B

None Beds

None Baths

N/A

$1,600,000

MLS#: 970121

Investment opportunity, Three Quadraplexes, all 100% occupied. Great location on Panama City Beach with easy access to the beach, Navy Base, St. Andrews State Park and great restaurants. Each of the 12 units are one bedroom and one bath with full kitchen.
All units are under professional property mgt and rented long term currently but could be used as Short-Term rentals also. Entire complex is very well maintained, along with new roofs in 2019.
Owner will consider owner financing, call for more details.
#752895

Panama City Beach

5500,04,06 Pinetree Avenue

12 Beds

12 Baths

8,160 Sq.Ft.

$1,600,000

MLS#: 752895

Elevated two-story income-generating property with two entirely independent, self-contained units, Private Pool & Expansive Wraparound Porches.The original upstairs built on stilts is a rare blend of history, craftsmanship, and coastal charm with wooden plank floors, a full-size dining area, updated kitchen with stainless-steel appliance, granite countertops, tumble-stone backsplash and a large pantry. The cozy vintage-style corner sofa was chosen for its' deep comfort and as a sandy-day hang-out spot with room for the whole family. Sleeping accommodation includes all NEW furnishings and bedding has a large Master bedroom, updated ensuite, twin-over-full bunk bedroom, updated full bath, washer and dryer.  Upstairs HVAC installed 05 28 2021 Water Heater 04 20 2010. The downstairs unit features a total, top-to-bottom remodel engineered and executed by licensed professionals, including a 18-inch elevation increase. Every component of this ground-floor space is completely brand new.  NEW Engineer designed Monolithic Concrete Slab, NEW High-end Poured terrazzo flooring, NEW cabinets, NEW appliances, NEW Impact rated door and repurposed windows, NEW bathrooms, NEW Electrical Panel and all new wiring, , NEW Water Heater 04 20 2025, HVAC 05 28 2022, NEW Furnishings, NEW! NEW! NEW!  This dual-occupancy layout offers distinct, self-contained units--complete with private entrances, kitchens, baths and washer/dryer. Sold Fully, NEWLY furnished, rental ready (accommodates 17 guest) NO HOA Enjoy your own private pool in a fenced-in oasis, complemented by beautifully appointed  lounging areas, with backyard grill and picnic table. Access the beach via the Hollywood gate where the glowing emerald green and aquamarie water and the powered sugar-white sand awaits.  Local Winery, eateries and shopping all within walking distance. Soak up the sunshine during the day and explore the large malls, theaters, entertainment and famous seafood restaurants within a two-to-five-mile driving distance any time you please.  All facts and measurements deemed to be accurate and should be verified to consumer satisfaction. This property is on the Vacation Rental Program with Ocean Reef Resorts. All future reservations must be honored with Ocean Reef.
#1003196

Miramar Beach

67 Miami Street

5 Beds

3 Baths

2,208 Sq.Ft.

$1,600,000

MLS#: 1003196

Enjoy breathtaking Gulf views from this beautifully maintained adorable end unit gulf-front townhome located in the heart of Panama City Beach. Completely re-built from inside out.  NO HOA!  Sleeps 13 and could sleep more.  Right next to beach access 26 in a very quite area off of Thomas Drive. 

This updated 3 bedroom and 4 full bathroom residence offers an unbeatable combination of beachfront living and convenience—step outside and you're just footsteps from the sugar-white sand and emerald waters.  2 King Master Suites, one with it's own private gulf front balcony! 

Featuring a bright coastal exterior and an inviting layout, this townhome offers comfortable living spaces and ample natural light. An updated kitchen with quartz countertops, offering both style and durability for everyday living or entertaining.

The primary suite is located on the second floor and features a private balcony with panoramic gulf front beach views, elevated ceilings, and an en-suite bath with a walk-in shower. The second and third bedroom also features a private en-suite bath, providing convenience for additional guests or family members.

This Gulf-front property offers excellent potential for short-term rental income due to its desirable location and layout. Property is conveniently located near all the main attractions in Panama City Beach.

Reframed exterior west wall with two by fours, exterior cinder blocks, stucco and concrete board, new windows throughout hurricane rated and Miami Dade turtle rated.  All new tile flooring throughout, shiplap, light fixtures, new wiring, cabinets, appliances, quartz and granite, new bathrooms, walls, ceilings, HVAC 2 years, Pollywood outdoor furniture, new stairs, custom built cedar garage doors, Roof is after Michael and Rubber Seamless, 8'' double firewall, 5/8'' sheetrock, Converted Garage can be used as non-conforming 4th bedroom.  Information deemed accurate but verify. .  Home has been used as a second home only!
#781910

Panama City Beach

9614 Beach Boulevard E

3 Beds

4 Baths

1,902 Sq.Ft.

$1,600,000

MLS#: 781910

This is a very RARE find! This is 2.8 Acres of waterfront property located in the quite town of East Point Florida. This property boast 200ft of waterfront and is platted in to 2 lots. You can buy one or both lots together. This property is located close to East Point shopping, stores and restaurants.
#789929

East Point

195 N Bayshore Drive

None Beds

None Baths

2.82 acres

$1,600,000

MLS#: 789929

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* Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. © 2024. First Multiple Listing Service, Inc.
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