The Hub at 1000-1012 Beck Avenue is a fully restored boutique mixed-use property in the heart of Historic St. Andrews, one of Panama City's most walkable, character-driven waterfront corridors. Located directly on Beck Avenue, steps from St. Andrews Marina, it is listed at $3,195,000 with a 4.92% cap rate and 100% occupancy.
Built in 1907 and renovated in 2020/2021 to a premium standard, the 7,618 square foot building has five units, a 2,078 square foot courtyard patio, and a 718 square foot outdoor bar. The current tenant mix includes The Grocery Kitchen & Taproom, a local restaurant and craft taproom, along with Traton Homes Showroom and Baytowne Bridal Suite, a blend of food, retail, and specialty service.
The listing frames the opportunity as income today with upside tomorrow. Near-term lease rollover would let a new owner restructure leases, mark rents to market, and move to a more efficient NNN framework, and the fully built-out Portico Bar and Courtyard Patio are ready to activate. The surrounding district continues to see reinvestment, with a growing concentration of boutique retail and hospitality concepts.
Click Here for the full listing.
