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917 Harrison Ave
Panama City, FL 32401
Retail Property For Sale
Investment Highlights
- Year-round Tourism: More than 17 millions visitors annually visit Bay County to visit the area’s beaches, water activities & festivals.
- Bay High School: This 1,300-student high school is just 0.3 miles from Green Dragon’s location which ensures year-round activity and daily traffic.
- Medical Trade Area: The region’s two largest hospitals, combining for over 500 beds, are located within 1.5 miles of the Green Dragon site.
Executive Summary
STNL.com is pleased to present this 100% fee simple single tenant Green Dragon Dispensary located in Panama City, FL. Three reasons to own this property include:
1. Panama City Mall Redevelopment: Less than two miles from the property, the former Panama City Mall is planned for mixeduse redevelopment by Hendon Properties, with conceptual plans calling for over 600,000 square feet of retail, hotel, and residential space.
2. Medical Corridor: Positioned between Ascension Sacred Heart Bay and HCA Florida Gulf Coast Hospital, the property sits within one of Bay County’s most active healthcare
corridors.This setting supports a steady daytime population of professionals, patients, and visitors, creating a natural environment for wellness-focused retail and service concepts. The consistent flow of nearby healthcare traffic reinforces longterm stability and demand within the immediate trade area.
3.Daily Traffic: Located just 0.38 miles north along Harrison Avenue, Bay High School enrolls approximately 1,300 students and serves as a key community institution. The school’s daily operations, athletic programs, and campus events generate consistent local activity that contributes to the corridor’s vitality and long-term retail stability.
1. Panama City Mall Redevelopment: Less than two miles from the property, the former Panama City Mall is planned for mixeduse redevelopment by Hendon Properties, with conceptual plans calling for over 600,000 square feet of retail, hotel, and residential space.
2. Medical Corridor: Positioned between Ascension Sacred Heart Bay and HCA Florida Gulf Coast Hospital, the property sits within one of Bay County’s most active healthcare
corridors.This setting supports a steady daytime population of professionals, patients, and visitors, creating a natural environment for wellness-focused retail and service concepts. The consistent flow of nearby healthcare traffic reinforces longterm stability and demand within the immediate trade area.
3.Daily Traffic: Located just 0.38 miles north along Harrison Avenue, Bay High School enrolls approximately 1,300 students and serves as a key community institution. The school’s daily operations, athletic programs, and campus events generate consistent local activity that contributes to the corridor’s vitality and long-term retail stability.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,164 SF
Building Class
B
Year Built/Renovated
1974/2022
Price
$1,731,026 CAD
Price Per SF
$335.21 CAD
Cap Rate
9%
NOI
$155,843 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.43 AC
Opportunity Zone
Yes
Zoning
GC 1 - General Commercial
Frontage
125’ on Harrison Ave
Property Taxes
| Parcel Number | 18085-000-000 | Improvements Assessment | $322,312 CAD |
| Land Assessment | $153,146 CAD | Total Assessment | $475,459 CAD |
Property Taxes
Parcel Number
18085-000-000
Land Assessment
$153,146 CAD
Improvements Assessment
$322,312 CAD
Total Assessment
$475,459 CAD
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