Panama City, FL Commercial Real Estate for Sale

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Rosemary Beach, FL Panama City Beach, FL Southport, FL

371 listings

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Versatile Commercial Property in Panama City

$2,500,000

11,171 SF

Versatile Commercial Property in Panama City

1331 Harrison Avenue, Panama City, FL 32401

Showroom, warehouse, and office space in a strategic location.

Brand new construction (2021) with premium Kingspan(R) insulated metal wall and roof panel envelope.
Versatile space featuring a 7,134 SF warehouse with 21‑foot ceilings, 1,391 SF mezzanine, and 1,153 SF showroom.
Heavy‑duty infrastructure with 600‑amp, 240/120V 3‑phase electrical service and sealed concrete floors.
Professionally finished showroom with stained concrete floors, acoustic ceilings, LED lighting, reception area, private office, and ADA‑compliant restrooms.
Strategic location on a growing commercial corridor in Panama City.

Updated: May 22

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Three-Building Flex and Industrial Campus

$1,500,000

9,050 SF

Three-Building Flex and Industrial Campus

2901 W 17th Street, Panama City, FL 32405

A 9,000+ SF heated, multi-office flex campus with gated storage, abundant parking, and room to scale for growing operations.

Over 9,000 sq ft of heated and cooled space across three buildings
Three‑building setup allows for multiple divisions or potential rental income
Multiple private offices, conference rooms, and adaptable workspace
Abundant on‑site parking plus a gated storage yard
Detached outbuilding for storage, workshop, or support operations

Updated: Apr 18

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$775,000

1,708 SF

Historic Panama City Mixed-Use Property

Custom property on a large lot, suitable for multiple commercial uses.

854 Magnolia Avenue, Panama City, FL 32401

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$959,900

5,026 SF

Panama City Commercial Corner Parcel

Large commercial parcel on a main corridor to the beaches.

1040 W 15th Street, Panama City, FL 32401

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$615,000

3,375 SF

Automotive Service Shop with Bays

Move-in ready shop with service bays, office space, and substantial frontage on a sizeable commercial lot.

1900 N East Avenue, Panama City, FL 32405

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$1,175,000

7,574 SF

Remodeled Office Space with Land

Centrally located office space with remodeled interiors and vacant land.

1108 School Avenue, Panama City, FL 32401

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Turnkey Commercial Space, High-Visibility Location

$395,000

1,674 SF

Turnkey Commercial Space, High-Visibility Location

Move-in-ready commercial space in a high-traffic area near downtown.

316 W 11th Street, Panama City, FL 32401

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Versatile Commercial Building Near Downtown

$650,000

3,100 SF

Versatile Commercial Building Near Downtown

Spacious commercial building near downtown with 10 bedrooms and 8 baths.

722 N Martin Luther King Junior Boulevard, Panama City, FL 32401

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$1,490,000

1.15 Acres

Prime Commercial Panama City Location

Office, retail, or restaurant opportunity in Panama City Beach.

2209 Thomas Dr, Panama City, FL 32408

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$415,000

3,375 SF

Retail Building in Panama City

Well-maintained retail building with high visibility and flexible layout.

1415 Gulf Avenue, Panama City, FL 32401

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Versatile Commercial Building in Downtown

$1,800,000

31,875 SF

Versatile Commercial Building in Downtown

30,000 Sq Ft commercial building in downtown Panama City.

551 Harrison Avenue, Panama City, FL 32401

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$599,000

2.00 Acres

Highway 231 Commercial Land

2-acre commercial parcel with high visibility on Highway 231.

Star Avenue, Panama City, FL 32404

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Panama City Commercial Restaurant Location

$175,000

0.35 Acres

Panama City Commercial Restaurant Location

Restaurant location on main highway near TAFB with high visibility.

325 S Tyndall Parkway, Panama City, FL 32404

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$2,300,000

4.77 Acres

Prime Development Opportunity in Panama

4.77 acre commercial parcel in a prime location.

4810 W Highway 98, Panama City, FL 32401

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$1,294,000

0.77 Acres

Commercial Land in Panama City

Prime commercial land with high traffic count in Panama City.

4127 W Highway 98, Panama City, FL 32401

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$1,830,000

0.29 Acres

Gulf-Front Property in Panama City

Prime 0.29-acre Gulf-front property with development potential.

5403 Gulf Drive, Panama City, FL 32408

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Contact for pricing

9,219 SF

First-Floor Medical & Office Space

Class A medical and office suite under construction with pre-leasing availability in Q1 2026 and flexible layout options.

2402 State Ave, Panama City, FL 32405

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Commercial Property with Residential Conversion

$435,000

2,337 SF

Commercial Property with Residential Conversion

Versatile commercial property with residential conversion potential and industrial building.

922 N East Avenue, Panama City, FL 32401

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$650,000

3,000 SF

Multi-Use Office Building with Suites

Versatile building near Downtown with 10 bedrooms and 8 bathrooms, suited for office, medical, or hospitality concepts.

722 N Cove Blvd, Panama City, FL 32401

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Panama City Commercial Property For Sale

$4,000,000

23,120 SF

Panama City Commercial Property For Sale

Multi-use professional center near 23rd Street and Jenks Avenue.

2420 Jenks Ave, Panama City, FL 32305

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$2,500,000

11,171 SF

Versatile Commercial Property in Panama City

Showroom, warehouse, and office space suitable for various business operations.

1331 Harrison Avenue, Panama City, FL 32401

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$875,000

2.20 Acres

Prime Commercial Land Opportunity

2.2-acre parcel ideal for development in Panama City, FL.

2406 Saint Andrews Boulevard, Panama City, FL 32405

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$1,500,000

93.00 Acres

Expansive Commercial Land Opportunity

Large 93-acre commercial tract with high visibility in Panama City.

Hwy 231, Panama City, FL 32404

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$789,000

5,000 SF

Panama City Commercial Facility

5,000 SF commercial facility in high-traffic Panama City location.

5409 Hickory Street, Panama City, FL 32404

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Panama City, FL Commercial Real Estate Investment Opportunities Market Analysis

Explore 371 commercial real estate for sale in Panama City, FL, showcased through 371 active listings on our real estate platform. These investment opportunities span a total of 2,285,739 square feet of properties for sale, with an estimated market value of $209,208,728.

Sale prices for business properties in Panama City, FL start at $35,500, averaging $1,597,013, and reaching up to $6,842,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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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	$1.2M
Tallahassee	$4M
Panama City Beach	$12M

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 pricing trends across core commercial property types 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.

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