$859,000
Panama City, FL 32405
MLS# 786852
4286 sqft
1 / 35
Property Description
🚨 PRICE REDUCED + $25,000 BUYER IMPROVEMENT ALLOWANCE! 🚨 Rare opportunity to acquire two contiguous GC-1 zoned properties in Panama City's Bayview Addition, now offered together at a newly reduced package price of $859,000. The seller is also offering a $25,000 credit at closing to assist with customization, reconfiguration, or tenant improvements, providing added flexibility for owner-users and investors alike. This unique assemblage combines a modern commercial building with an income-producing residential property, creating multiple income and use scenarios. 1806 Brown Ave features a 3,476 SF building constructed in 2016, offering flexible space suitable for a variety of commercial, professional, medical, salon, or service-based uses. 1808 Brown Ave, built in 2017, is a 2-bedroom, 1-bath residence currently tenant occupied, generating approximately $2,600 per month in rental income. The adjacent parcel also provides valuable additional parking for 1806 and includes a detached garage suitable for office, storage, workshop, or flex space. Together, the properties create a rare opportunity for a business owner seeking a professional campus environment or an investor looking for in-place income and future upside.
Details
Maps
Contract Info
List Price/SqFt: 200.42
List Date: 2026-03-15
List Price: $859,000
Current Price: $859,000
Sub-Type: Other
Location
Sub Area: 0203 - Bay - Central SW
Community/Resort: Bayview Heights
Waterfront: No
Elementary School: Lucille Moore
Middle School: Jinks
High School: Bay
Directions: Take Hwy 98 east over the bridge and turn left on Brown Ave. The office building will be first and the parking lot and SFH is next door
Area: 02 - Bay County - Central
Street #: 1806&1808
Street Name: Brown
Street Suffix: Avenue
State: FL
Zip Code: 32405
County: Bay
Subdivision: Bayview Add
Parcel ID: 28268-000-000 & 28269-000-000
Legal Description: BAYVIEW ADD LOT 14 BLK 10 ORB 3633 P 1369
General Property Info
List Class: Other
Acreage: 0.4
Immediate Occupancy: Yes
Construction Status: Construction Complete
SqFt Tot Bldg: 4286
Year Built: 2016
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: 🚨 PRICE REDUCED + $25,000 BUYER IMPROVEMENT ALLOWANCE! 🚨 Rare opportunity to acquire two contiguous GC-1 zoned properties in Panama City's Bayview Addition, now offered together at a newly reduced package price of $859,000. The seller is also offering a $25,000 credit at closing to assist with customization, reconfiguration, or tenant improvements, providing added flexibility for owner-users and investors alike. This unique assemblage combines a modern commercial building with an income-producing residential property, creating multiple income and use scenarios. 1806 Brown Ave features a 3,476 SF building constructed in 2016, offering flexible space suitable for a variety of commercial, professional, medical, salon, or service-based uses. 1808 Brown Ave, built in 2017, is a 2-bedroom, 1-bath residence currently tenant occupied, generating approximately $2,600 per month in rental income. The adjacent parcel also provides valuable additional parking for 1806 and includes a detached garage suitable for office, storage, workshop, or flex space. Together, the properties create a rare opportunity for a business owner seeking a professional campus environment or an investor looking for in-place income and future upside.
Sale Type
As Is: 1
Floors in Unit/Home
Multi/Split: 1
Status Change Info
Status: Active
Property Features
Sale Type: As Is
Listing Office: Luxe Coastal Realty Group LLC
Last Updated: June - 10 - 2026
Information deemed reliable but not guaranteed.