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Harrison Lilly

Owner/Operator | Harrison Lilly Emerald Coast | Harrison Lilly Realty | PLACE

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436 Harrison Ave Unit 400 , Panama City, FL 32401
$1,100,000
Est. Payment: $5,578.99/mo
0 Bed
0 Bath
26400 Sqft
Status: active | Days on site: 2
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
Owner/Operator

House Description

The rooftop of the Mashburn Building is available to purchase. Welcome to one of the most structurally impressive buildings in all of Bay County. The Mashburn Building was constructed entirely of poured concrete from foundation to roof, engineered with the strength and durability of a parking garage. In recent years, hundreds of thousands of dollars in additional steel reinforcement have been added to the structure, making it one of the strongest private buildings in the county. Now, the rooftop is ready for your big idea. The rooftop spans +/-6,000 square feet and includes two staircases and one elevator for easy access. The structure is strong enough to support multiple stories, allowing for additional concepts such as residential condos above a restaurant or bar. Preliminary concept plans have been developed for a rooftop restaurant and bar, and these are available for your use at no cost. They are designed to help you visualize the possibilities, though a licensed architect and structural engineer will need to finalize the plans to suit your concept. From this vantage point, you can take in one of the best views in the entire Florida Panhandle, a sweeping panorama that stretches from the Hathaway Bridge and Saint Andrews across downtown all the way to Thomas Drive, Front Beach Road, Tyndall Air Force Base, and Callaway. On a clear day, you can even see Tommy Oliver Stadium and Twenty Third Street. Photos simply cannot capture what it feels like to stand here in person. All major utilities required to operate a restaurant, bar, or additional residential units are already stubbed to the roof and ready for connection. There are no stormwater requirements, and no parking requirements are needed for this project. You can use the shared parking that downtown offers for you and your customers. A restaurant or bar here would be the crown jewel of our area. If executed with creativity and vision, this space could easily be featured in magazines across the southeast. This is your opportunity to create something iconic, an elevated destination that will redefine downtown Panama City's skyline and nightlife. The first floor commercial space will become -'Dat Cajun Pearl - Cafe' & Bar', an upscale New Orleans inspired restaurant brought by the owners of Dat Cajun Place.

Highlights

Listed by Chris S McCall , 850-814-9889 Counts Real Estate Group Inc , 850-249-3615. Bay County Association of REALTORS

Property Type

Commercial Sale

Lot/Acreage
0.15

HOA Fee

2251.74 Quarterly

Year Built

1939

County

Bay

Area

02 - Bay County - Central

Neighborhood

No Named Subdivision

Listing ID

794261

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Zoning:City, Other - See Remarks
Roof:Membrane
Others:
  • Additional:Never Occupied
Sewer:Public Sewer
Parking Features:Paved
Principal Interest
$5,579
Taxes
$701
HOA
$2,252

Home Price

$1,100,000

Loan Details

30 yrs
6.529%

Down Payment

20%
$220,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,578.99

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $5,578.99 $701.25 $2,251.74 $8,531.98
Yearly $66,947.91 $8,415.00 $27,020.88 $102,383.79
Total $2,008,437.28 $252,450.00 $810,626.40 $3,071,513.68

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Panama City, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bay County Association of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-20T06:33:19.000Z

© 2026 Bay County Association of REALTORS