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    Panama City, FL

    Panama City, FL Commercial Real Estate for Sale

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    370 properties
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    Corner Office Unit
    Updated: Oct 12
    Corner Office Unit

    8730 Thomas Drive, Panama City, FL 32408

    $594,999
    2,482 sqft 1.55 AC lot
    2,482‑square‑foot ground‑level corner office unit
    Five private offices and a large reception area
    Conference room, full kitchen, and two bathrooms
    Floor‑to‑ceiling windows in all offices
    HOA approval required for use
    View details
    Commercial Land with Existing Improvements
    Updated: Sep 7
    Commercial Land with Existing Improvements

    2742 E Highway 390, Panama City, FL 32405

    $749,499
    4,930 sqft 1.13 AC lot
    4,930‑square‑foot property with approximately 3,137 square feet of heated and cooled space
    C‑1 Neighborhood Commercial zoning with General Commercial Future Land Use designation: GCOM/GENCOM
    Estimated 2025 traffic count of approximately 15,774
    Attached three‑car garage, oversized existing concrete parking, and metal roof
    Private well and septic system; public sewer available roadside
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    Leased Gas Station & Convenience Store
    Leased Gas Station & Convenience Store

    2025 W 15th Street, Panama City, FL 32401

    $1,200,000
    3,520 sqft 0.35 AC lot

    Fully leased fuel-and-convenience property with a long-term commercial lease and renewal option.

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    See hot listings in Panama City

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
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    Renovation-Ready Storefront Building
    Renovation-Ready Storefront Building

    540 Harrison Ave, Panama City, FL 32401

    $1,000,000
    6,327 sqft

    Gutted commercial interior offers a renovation-ready storefront with a 2024 re-roof.

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    Climate-Controlled Flex Space
    Climate-Controlled Flex Space

    2611 E 6th St, Panama City, FL 32401

    $589,000
    5,000 sqft 0.49 AC lot

    Insulated steel construction with commercial power, vehicle access, office support areas, and dedicated on-site parking.

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    Multi-Building Office Property
    Multi-Building Office Property

    2901 W 17th Street, Panama City, FL 32405

    $1,100,000
    9,050 sqft 0.92 AC lot

    Three-building office property with private offices, conference rooms, gated yard, and detached support space.

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    Auto Shop With Rental Units
    Auto Shop With Rental Units

    2206 W 15th Street, Panama City, FL 32401

    $2,499,000
    9,425 sqft 0.80 AC lot

    Three-unit commercial property combines an operating repair facility, leased spaces, and a fenced outdoor area.

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    Flex Space with Office Areas
    Flex Space with Office Areas

    1509 Hickory Ave, Panama City, FL 32405

    $799,000
    4,300 sqft

    Warehouse and office components support manufacturing, business operations, or separate office occupancy.

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    Specialty Property Ready for Renovation
    Specialty Property Ready for Renovation

    540 Harrison Avenue, Panama City, FL 32401

    $1,000,000
    6,327 sqft 0.14 AC lot

    Gutted interior and 2024 re-roof provide a starting point for redevelopment.

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    Insulated Warehouse with Pole Barn
    Insulated Warehouse with Pole Barn

    S Bear Creek Road, Panama City, FL 32404

    $599,000
    3,996 sqft 6.61 AC lot

    Four roll-up doors and on-site utilities support access for equipment and materials.

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    Elevated Rooftop Restaurant Space
    Elevated Rooftop Restaurant Space

    400-436 Harrison Ave, Panama City, FL 32401

    $1,100,000
    6,000 sqft

    Poured-concrete construction, vertical access, and rooftop utility connections support a distinctive downtown dining concept.

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    Rooftop Restaurant Space
    Rooftop Restaurant Space

    436 Harrison Avenue, Panama City, FL 32401

    $1,100,000
    26,400 sqft 0.15 AC lot

    Elevated commercial space offers stair and elevator access, concrete construction, and utility connections for restaurant operations.

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    Flex Space with Showroom
    Flex Space with Showroom

    1331 Harrison Avenue, Panama City, FL 32401

    $2,500,000
    11,171 sqft 0.66 AC lot

    Newer commercial facility combining customer-facing space, warehouse capacity, mezzanine storage, and dedicated office areas.

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    Remodeled Office Corner Suite
    Remodeled Office Corner Suite

    8730 Thomas Drive #1101, Panama City, FL 32408

    $594,999
    2,482 sqft

    Ground-level office space offers a five-office layout, a full kitchen, and two bathrooms.

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    Office Building with MU-3 Zoning
    Office Building with MU-3 Zoning

    2356 Frankford Avenue, Panama City, FL 32405

    $499,000
    1,875 sqft 1.03 AC lot

    A converted residence offers private offices, shared work areas, a conference room, kitchen and garage.

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    Historic Office Building with Suites
    Historic Office Building with Suites

    854 Magnolia Avenue, Panama City, FL 32401

    $575,000
    1,708 sqft 0.64 AC lot

    Remodeled commercial property with multiple entrances, private suite access, and flexible mixed-use zoning for office operations.

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    Leased Gas Station Property
    Leased Gas Station Property

    2025 W 15th Street, Panama City, FL 32401

    $1,200,000
    3,520 sqft

    Operating fuel and convenience retail asset with a long-term commercial lease and tenant renewal option.

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    Historic School Property
    Historic School Property

    3001 W 15th Street, Panama City, FL 32401

    $2,900,000
    23,370 sqft 3.80 AC lot

    1926-built institutional property with multiple buildings, updated roofing, and flexible reuse potential subject to approval.

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    Commercial Land with Existing Improvements
    Commercial Land with Existing Improvements

    2742 E Highway 390, Panama City, FL 32405

    $749,499
    4,930 sqft

    C-1-zoned commercial property with adaptable improvements, parking capacity, and a pond-side outdoor area.

    View details
    Flex Warehouse with Mezzanine
    Flex Warehouse with Mezzanine

    1509 Hickory Avenue, Panama City, FL 32405

    $799,000
    4,300 sqft 0.21 AC lot

    A heated and cooled upper-level workspace complements warehouse, office, and break-room areas.

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    Multi-Building Warehouse Property
    Multi-Building Warehouse Property

    2515 E 15th St, Panama City, FL 32405

    $1,825,000
    7,548 sqft 4.50 AC lot

    C3-A zoning supports warehouse, retail, transportation, and other commercial uses, subject to applicable restrictions.

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    Six-Unit Motel Near Beach
    Six-Unit Motel Near Beach

    8524 Surf Drive, Panama City, FL 32408

    $2,900,000
    4,740 sqft 0.50 AC lot

    Furnished lodging property with stucco construction, central electric heating, and convenient access to the beach.

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    Childcare Center Campus with Playgrounds
    Childcare Center Campus with Playgrounds

    2732 E 17th Street, Panama City, FL 32405

    $725,000
    5,843 sqft

    Purpose-built childcare property with classroom, administrative, kitchen, bathroom, and outdoor play facilities across a multi-building campus.

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    Veterinary Medical Center
    Veterinary Medical Center

    247 N Highway 22 A, Panama City, FL 32404

    $325,000
    2,768 sqft 0.45 AC lot

    Brick commercial facility with reception, exam, surgical, imaging, kennel, and grooming areas.

    View details
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    Panama City, FL Commercial Real Estate Market Trends and Statistics

    Explore 370 commercial real estate for sale in Panama City, FL, showcased through 370 active listings on our real estate platform. These investment opportunities span a total of 3,270,409 square feet of properties for sale, with an estimated market value of $471,096,922.

    Sale prices for business properties in Panama City, FL start at $30,475, averaging $1,454,002, and reaching up to $21,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    Panama City, FL CRE market trends — vacancy, lease rates and price per SF, updated monthly
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    Demographics Overview

    Population 154K
    Population Growth (5Y) +1,132.7%
    Median Household Income $71,237
    College Educated 29.8%

    High-Yield Neighborhoods for Investment

    Identify Panama City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Panama City - 32401 $1.4M
    Rosemary Beach - 32461 $3M
    Panama City Beach - 32413 $3.8M
    Tallahassee - 32305 $4M

    Taxes & Financing

    Tax Rate (average for all types) 1.42%
    Property Tax per SF $28.37 per SF
    Tax Rate vs County Average 0.07 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Bay County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale Residential Income pricing trends in Bay County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Panama City fall within the 50,000 to 100,000 square foot range.

    How Realmo verifies these figures

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    Browse Commercial real estate for Sale Near Panama City, FL

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    Most Searched ZIP Codes in Panama City, FL

    • 32405
    • 32404
    • 32401
    • 32408
    • 32409
    • 32413
    • 32461
    • 32305

    Featured Panama City Real Estate Agencies

    Realmo connects you with licensed Panama City CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Hitchcock Real Estate LLC
    1107 Beck Ave Panama City, FL 32401
    Phone: (850) 866-2158
    lairdhitchcock.com
    Full Sail Realty of Northwest Florida
    1514 W. 23rd St, Suite B Panama City, FL 32405
    Phone: (850) 819-4961
    FullSailNWFL.com
    Overstreet Realty
    747 Harrison Avenue Panama City, FL 32401
    Phone: (850) 763-4459
    OverstreetRealty.net
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