$800,000
Panama City, FL 32405
MLS# 786852
4286 sqft
1 / 34
Property Description
MAJOR PRICE IMPROVEMENT -- TWO CONTIGUOUS PROPERTIES NOW OFFERED TOGETHER AT $800,000! Rare opportunity to acquire two GC-1 zoned properties in Panama City's Bayview Addition, combining a modern commercial building with an adjacent property offering additional income, parking, and future commercial potential. 1806 Brown Ave features a 3,476 SF commercial building constructed in 2016 with a highly flexible layout including 10 private offices, 2 kitchens, 2 bathrooms, and additional storage space. The property is well suited for professional services, medical, executive suites, salon, co-working, or other permitted commercial uses and offers significant lease-up potential for an investor. 1808 Brown Ave adds tremendous flexibility to the package with a 944 SF, 2-bedroom/1-bath single-family home with projected rental potential of approximately $2,600 per month, plus a separate 575 SF studio currently rented with rental potential of approximately $1,000 per month. Both structures offer the potential for conversion to commercial use, subject to applicable approvals, giving a future owner the ability to maintain residential income, expand business operations, or create additional professional space. The 1808 parcel also provides valuable additional parking for 1806, further enhancing the functionality of the combined properties. Together, 1806 & 1808 Brown Ave offer an unusually versatile investment: commercial lease-up potential, existing studio income, additional residential income potential, multiple buildings, expanded parking, and future adaptive-use possibilities. Now offered together at $800,000, this is a compelling opportunity for an investor seeking multiple revenue streams or an owner-user looking to establish a unique multi-building professional campus in central Panama City.
Details
Maps
Contract Info
List Price/SqFt: 186.65
List Date: 2026-03-15
List Price: $800,000
Current Price: $800,000
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: MAJOR PRICE IMPROVEMENT -- TWO CONTIGUOUS PROPERTIES NOW OFFERED TOGETHER AT $800,000! Rare opportunity to acquire two GC-1 zoned properties in Panama City's Bayview Addition, combining a modern commercial building with an adjacent property offering additional income, parking, and future commercial potential.
1806 Brown Ave features a 3,476 SF commercial building constructed in 2016 with a highly flexible layout including 10 private offices, 2 kitchens, 2 bathrooms, and additional storage space. The property is well suited for professional services, medical, executive suites, salon, co-working, or other permitted commercial uses and offers significant lease-up potential for an investor.
1808 Brown Ave adds tremendous flexibility to the package with a 944 SF, 2-bedroom/1-bath single-family home with projected rental potential of approximately $2,600 per month, plus a separate 575 SF studio currently rented with rental potential of approximately $1,000 per month. Both structures offer the potential for conversion to commercial use, subject to applicable approvals, giving a future owner the ability to maintain residential income, expand business operations, or create additional professional space.
The 1808 parcel also provides valuable additional parking for 1806, further enhancing the functionality of the combined properties.
Together, 1806 & 1808 Brown Ave offer an unusually versatile investment: commercial lease-up potential, existing studio income, additional residential income potential, multiple buildings, expanded parking, and future adaptive-use possibilities.
Now offered together at $800,000, this is a compelling opportunity for an investor seeking multiple revenue streams or an owner-user looking to establish a unique multi-building professional campus in central Panama City.
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: August - 12 - 2026
Information deemed reliable but not guaranteed.