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302 Sherman Avenue, Panama City, FL 32401
$495,000
302 Sherman Avenue, Panama City, FL 32401View this property at 302 Sherman Avenue, Panama City, FL 32401
302 Sherman AvenuePanama CityFL32401
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Property Description
THE OWNER/OPERATOR OF GENE'S OYSTER BAR, A HISTORIC HIDDEN GEM IN MILLVILLE SINCE 1969, IS RETIRING. THIS PRESENTS A ONCE-IN-A-LIFETIME OPPORTUNITY NOT ONLY TO OWN A PIECE OF PANAMA CITY HISTORY, BUT TO BUILD UPON A CORNERSTONE OF THE COMMUNITY AND ITS 50 PLUS YEARS OF FOOD, FUN, AND FELLOWSHIP. Opened in 1969, Gene's Oyster Bar remains family-owned and operated and is one of Bay County's oldest original oyster bars. Although the fresh oysters on the half shell take the spotlight inside this quaint, authentic 15 stool oyster bar, the traditional recipes of baked oysters, fried seafood items and homemade gumbo keep locals and visitors alike coming back time and time again. Enjoy outside dining on the covered patio with seating for up to 24 people. Gene's Oyster Bar meets all state-defined eligibility criteria and has qualified for up to $119,000.00 in grant funding through the Hometown Revitalization Program (HRP) Business Facade and Building Improvement Program. The turn-key purchase of Gene's Oyster Bar will include: land, building, business name and phone number, family recipes, restaurant equipment, furniture, fixtures, small wares, signage and state-of-the-art security system and cameras.
Full Property Details
Full Property Details for 302 Sherman Ave
General
- Sold For: $495,000
- Status: Closed
- Type: Commercial
- MLS ID: 740406
- Added to Site: 377 day(s) ago
Business
- Name: Gene's Oyster Bar
Location
- County: Bay
- Subdivision: Welch Add
- Driving Directions: From Downtown Panama City travel east on US Bus Hwy 98, turn right (south) on Sherman Avenue, property is located on the northeast corner of Sherman Avenue and 3rd Street.
School Information
- Elementary School: Cherry Street
- Middle School: Jinks
- High School: Bay
Community
- Community Name: 02 - Bay County - Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Sewer Available, Water Available
Structural Information
- Stories/Levels: 1
- Year Built: 1930
Lot Features
- Lot Size (Acres): 0.09
- Frontage: City Street
Disclosures and Reports
- Buyer’s Brokerage Compensation: 4%
- Legal Description: WELCH ADD BEG 66 1/2' S OF NW COR LOT 12 TH E 105' S 22' W 5' S 60' W 20' S 31.4' TO 3RD ST W 16' NWLY ON CV E 57' W 21.8' N 85' TO POB LESS RW BLK 5 ORB 2843 P 1427
- Property ID: 22524-000-000
Listed by Counts Real Estate Group
Sold by Empire Real Estate of Florida LLC
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Schools
Schools serving 302 Sherman Ave
School District:Bay District Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1125 Cherry St, Panama City, FL 32401 | PK-5 | 0.9 mi | |
600 W 11th St, Panama City, FL 32401 | 6-8 | 2.3 mi | |
1200 Harrison Ave, Panama City, FL 32401 | 9-12 | 1.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 302 Sherman Ave
Date
Details
Price
Change
Source
11/27/2023
Sold
$495,000
-44.69%
MLS
4/20/2023
Listed
$895,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
302 Sherman Avenue, Panama City, FL 32401 (MLS# 740406) is a Commercial property that was sold at $495,000 on November 27, 2023. Want to learn more about 302 Sherman Avenue? Do you have questions about finding other Commercial real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.