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Harrison Lilly

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

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854 Magnolia Ave , Panama City, FL 32401
$775,000
Est. Payment: $3,930.25/mo
0 Bed
0 Bath
1708 Sqft
Status: active | Days on site: 87
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Harrison Lilly
Owner/Operator

House Description

Welcome to this one-of-a-kind custom property on a huge half-acre lot in the heart of historic Panama City. Superb craftsmanship and luxury materials with unique details you have to see to believe. Classic style with newly refinished wood floors, and all new interior tongue and groove pine walls, with cathedral ceilings. Mixed-Used zoning allows for multiple commercial uses including offices. With multiple entrances it can be diverse for several tenants. Two large suites are each complimented by cozy gas fireplaces, walk-in closets, and custom bathrooms with tiled showers. Each have private entrances for accessibility, or future rental capabilities. An additional room has access to the 3rd bathroom, conveniently located right off the kitchen. The open living area with new kitchen will impress your clients, with sleek quartz countertops and high end kitchen cabinetry. New stainless appliances and under-cabinet lighting provide the finishing touches to this gorgeous kitchen. A living area immediately upon entry can serve as a waiting room, reception area, display, or presentation room. Modern amenities include Built-in deluxe speakers throughout the home, as well as security and Nest systems that convey. With .636 acres of high and dry land, there's room for more structures, accessory dwelling units, equipment, storage, or additional parking. Located within minutes to revitalized and booming downtown Panama City, with dozens of new businesses, restaurants, shops, and activities. The area is abundant with parks, boating, fishing, events, and ongoing improvements to the area. Whether looking for your next business location, or investing in the future of Panama City, this property has room to add a pool, parking, outbuildings, and so much more! Also offered as a commercial lease. An additional concrete patio was prepared, but not yet finished. See pictures for similar design. Alterations to the property can be negotiated including necessary improvements for your business: parking areas, fencing, accessibility features (ramp), etc. All appliances, including HVAC and Water Heaters, are within 3 years old and warrantied. This entire home has been remodeled by quality contractors and is like new, with some original touches kept for historic and aesthetic value. Also offered for Lease at $5,000.00 Monthly NNN for 5 year minimum. Longer leases are negotiable.

Highlights

Listed by Dennis Nelson , 850-348-8262 Keller Williams Success Realty , 850-249-0313. Bay County Association of REALTORS

Property Type

Commercial Sale

Lot/Acreage
0.64

Year Built

1938

County

Bay

Area

02 - Bay County - Central

Neighborhood

No Named Subdivision

Listing ID

786746

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Floor:Hardwood

Exterior Features

Zoning:Business, Resid Multi-Family, Other - See Remarks, Resid Single Family
Roof:Shingle
Principal Interest
$3,930
Taxes
$494

Home Price

$775,000

Loan Details

30 yrs
6.528%

Down Payment

20%
$155,000
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:
$3,930.25

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,930.25 $494.06 $0.00 $4,424.31
Yearly $47,162.95 $5,928.75 $0.00 $53,091.70
Total $1,414,888.39 $177,862.50 $0.00 $1,592,750.89

Today's Rates

30 Year

6.53%

20 Year

6.33%

15 Year

6%

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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

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