The Hub of Saint Andrews
The Hub at 1000-1012 Beck Avenue represents a rare opportunity for an owner to take full control of the asset’s direction, tenancy, and long-term value creation. A fully restored boutique mixed-use asset in the heart of Historic St. Andrews, one of Panama City’s most walkable, character-driven waterfront corridors. Positioned directly on Beck Avenue steps from St. Andrews Marina, this landmark property offers immediate income, strong in-place tenancy, and meaningful upside for a new owner ready to unlock its full potential. Meticulously renovated in 2020/2021 to a premium standard, the property seamlessly blends historic character with modern functionality. The current tenant mix is curated and experiential by The Grocery Kitchen & Taproom, a local restaurant and craft taproom driving consistent foot traffic, alongside Traton Homes Showroom and Baytowne Bridal Suite, creating a complementary blend of food, retail, and specialty service. Income Today. Upside Tomorrow. In-place tenancy delivers immediate cash flow, while near-term lease rollover gives a new owner rare leverage — the ability to restructure leases, mark rents to market, and implement a more efficient NNN framework. With available suites in high demand and a fully built-out Portico Bar and Courtyard Patio ready to activate, the path to significantly increased NOI is clear and exciting. A rare Landmark Waterfront view Asset
Highlights:
• 7,618 SF building with 2,078 SF Courtyard Patio and 718 SF Outdoor Bar
• 5 units
• Built in 1907
• Renovated in 2021
• Prime Panama City location in Saint Andrews
• 100% occupancy
- Property type
- Retail
- Building size
- 7,618 SF GLA
- Year built
- 1907
- Occupancy
- 100%
- Cap rate
- 4.92%
- NOI
- $157,200