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Property Description
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
Full Property Details
Full Property Details for MLS# 791813
General
- Price: $299,900
- Status: Active
- Type: Commercial
- Source: Bay_County
- MLS ID: 791813
- Updated: 6/24/2026
- Added to Site: 6 day(s) ago
Location
- County: Bay
- Subdivision: Welch Add
- Driving Directions: Traveling south on county HWY 389 from Lynn haven, veer Right onto county HWY 2337, travel approximately 2.9 miles. Turn Left onto East 3rd Street at Gene's Oyster Bar, property is the third building on the left.
School Information
- Elementary School: Cherry Street
- Middle School: Jinks
- High School: Bay
Community
- Community Name: 02 - Bay County - Central
Structural Information
- Year Built: 1925
Lot Features
- Lot Size (Acres): 0.37
- Lot Size (Sq. Ft.): 16,117.2
- Lot Size: .37
Disclosures and Reports
- Legal Description: WELCH ADD BEG AT THE SE COR LOT 12 TH RUN W 60' N 104.5' W 24.5' TH S 4' W 24.5' N 20' E 5' N 2' E 10' N 86.5' E 94' S 209' TO POB BLK 5 ORB 4037 P 660 ORB 4687 P 1424
- Property ID: 22519-000-000
Listed by Keller Williams Success Realty
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Schools
Schools serving MLS# 791813
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Merriam Cherry Street Elementary School 1125 Cherry Street, Panama City, FL 32401 | PK-5 | 0.9 mi |
Jinks Middle School 600 West 11th Street, Panama City, FL 32401 | 6-8 | 2.4 mi |
Bay High School 1200 Harrison Avenue, Panama City, FL 32401 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for MLS# 791813
Date
Details
Price
Change
Source
6/24/2026
Listed
$299,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for MLS# 791813
MLS# 791813, Panama City, FL 32401 (MLS# 791813) is a Commercial property. MLS# 791813 is currently listed for $299,900 and was received on June 24, 2026. Want to learn more about MLS# 791813? 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.

