Estimated payment $1,756/month
About This Home
Historic Mixed-Use Commercial Opportunity in the Heart of Panama City! Step into a piece of local history with this iconic commercial property located at 2117 E 3rd Street, Panama City, FL 32401. Originally built in 1925, this well-known landmark has been home to numerous successful businesses throughout the decades and continues to offer endless possibilities for its next owner. Currently operating as a restaurant and drinks bar, this mixed-use zoned property features a highly functional layout with ample indoor seating, a commercial-style service area, and a one-of-a-kind outdoor gathering space designed for entertainment, fellowship, and social events. The inviting outdoor area offers a unique atmosphere rarely found in today's market, making it ideal for live music, game nights, private events, or expanded customer seating. The building's size and footprint make it exceptionally well-suited for a variety of business ventures including a café, deli, coffee shop, brewery, wine bar, specialty restaurant, retail concept, creative workspace, or other mixed-use possibilities. Its historic charm, established presence, and strategic location provide the perfect foundation for entrepreneurs looking to bring their vision to life. Whether you're an investor seeking a unique income-producing asset or a business owner ready to launch the concept you've always dreamed of, this property presents an incredible opportunity at an affordable price point. With its rich history, flexible zoning, distinctive character, and endless potential, this property may very well be one of the best commercial values currently available in Panama City. Bring your vision, make your mark, and become part of the next chapter of this historic Panama City landmark
Property Details
Property Type
- Other
Year Built
- Built in 1925
Lot Details
- 16,117 Sq Ft Lot
Schools
- Cherry Street Elementary School
- Jinks Middle School
- Bay High School
Community Details
- No Home Owners Association
- Welch Add Subdivision
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,664 | $93,354 | $70,908 | $22,446 |
| 2024 | $1,493 | $93,357 | $70,911 | $22,446 |
| 2023 | $1,493 | $62,204 | $70,911 | $22,446 |
| 2022 | $1,309 | $120,500 | $0 | $0 |
| 2021 | $1,997 | $109,545 | $33,291 | $76,254 |
| 2020 | $1,899 | $101,636 | $33,291 | $68,345 |
| 2019 | $1,649 | $102,033 | $33,291 | $68,742 |
| 2018 | $1,551 | $102,430 | $0 | $0 |
| 2017 | $1,541 | $102,827 | $0 | $0 |
| 2016 | $1,583 | $103,224 | $0 | $0 |
| 2015 | $1,634 | $103,622 | $0 | $0 |
| 2014 | $1,626 | $104,019 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/24/2026 06/24/26 | For Sale | $299,900 | +50.0% | $156 / Sq Ft | |
| 05/09/2023 05/09/23 | Sold | $200,000 | 0.0% | $47 / Sq Ft | View Prior Sale |
| 05/08/2023 05/08/23 | Pending | -- | -- | -- | |
| 05/08/2023 05/08/23 | For Sale | $200,000 | -- | $47 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $200,000 | None Listed On Document |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $185,000 | New Conventional |
Source: Central Panhandle Association of REALTORS®
MLS Number: 791813
APN: 22519-000-000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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