The Hub
Boutique Retail Waterfront Legacy Asset, Where History Meets Opportunity — The Hub of St. Andrew
Marketing description
The Hub at 1000-1012 Beck Avenue is a rare, fully restored boutique retail 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.
A High-End Asset Built for Long-Term Value
Meticulously renovated in 2019/2020/2021 to a premium standard, the property seamlessly blends 1907 historic character with modern functionality. The current tenant mix is curated and experiential including, The Grocery Kitchen & Taproom, a beloved 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 increase NOI.
Investment highlights
The Asset
- ±7,618 SF boutique mixed-use building originally built in 1907/1925 fully renovated in 2019/2020/2021 with premium finishes
- Value-Add Opportunities
- Additional ±718 SF covered Portico available to lease
- Common Area ±2,078 SF Courtyard Patio
- ±1,000 SF Interior Suite Available - to be delivered vacant
- Prime corner location on Beck Avenue, steps from St. Andrews Marina
Income in Place
- 4 operating tenants: The Grocery Kitchen & Taproom (~2,500 SF), Baytowne Bridal (2,100 SF), Traton Homes (1,000 SF) and The Vault (~1,000 SF to be delivered vacant used for private lounge/management office)
- Immediate cash flow from day one
Value-Add Upside
- Near-term lease rollover creates opportunity to mark rents to market and transition to NNN structure
- ~3,796 SF of leasable space available (Portico, Patio, The Vault)
- Rooftop bar/hospitality concept potential (see renderings)
- Strong demand for current vacancies - new owner has options
Market Momentum
- Adjacent parcel recently sold, corridor development actively underway
- Neighboring operators reinvesting and expanding into destination dining concepts
- Growing foot traffic, tourism, and experiential hospitality demand in Historic St. Andrews
Location
- Walkable, character-driven waterfront corridor
- Free abundant public parking
- Steps from St. Andrews Marina and The Market at St. Andrews
- Historic charm and highly desirable lot on the corner with excellent visibility
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