Panama City, FL Commercial Real Estate for Sale

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Updated: Feb 10

Iconic Rooftop Opportunity

436 Harrison Avenue #400, Panama City, FL 32401

$1,100,000

6,000 sqft 0.15 AC lot

Extremely strong, reinforced poured concrete construction (foundation to roof) capable of supporting multiple stories.
Enjoy +/-6,000 sq ft rooftop space with panoramic views of the Florida Panhandle.
All major utilities are already stubbed to the roof for easy connection.
No stormwater or parking requirements for rooftop development.
Elevator and two staircases provide easy rooftop access.

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This listing looks promising.

Here's a quick look at some key insights for

436 Harrison Avenue #400, Panama City, FL 32401

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Est. Cap Rate

8.3%
Above avg (5.9%)
Est. NOI

$91K
Annual
Mortgage

$1.6M
Nov 2022
Last Sold

Nov 2022
$1.5M
Property Type

Retail Stores
Built 1939

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Updated: Apr 18

Three-Building Flex Office Property

2901 W 17th Street, Panama City, FL 32405

$1,375,000

9,050 sqft 0.92 AC lot

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

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Versatile Commercial Property in Panama City

1331 Harrison Avenue, Panama City, FL 32401

$2,500,000

11,171 sqft 0.66 AC lot

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

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Mixed-Use Office Property

854 Magnolia Avenue, Panama City, FL 32401

$775,000

1,708 sqft 0.64 AC lot

Remodeled custom property on a 0.64-acre lot with mixed-use flexibility and multiple entrances, including two suite setups.

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Renovated Office Building with Parking

2805 W 12th St, Panama City, FL 32401

$1,200,000

7,884 sqft

Renovated 7,884 SF office building on GC-2 zoning with new HVAC, electrical, plumbing, roof, windows, and storefront.

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Veterinary Clinic Facility

247 N Highway 22 A, Panama City, FL 32404

$349,900

2,768 sqft 0.45 AC lot

Well-appointed veterinary clinic with multiple exam and support rooms, designed for animal care and professional office use.

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Automotive Service Shop

1900 N East Avenue, Panama City, FL 32405

$585,000

3,375 sqft 0.31 AC lot

Automotive service shop with multiple service bays, office space, and 123 feet of frontage on a 0.31-acre lot.

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Turnkey Office Building with Private Rooms

316 W 11th Street, Panama City, FL 32401

$385,000

1,674 sqft 0.34 AC lot

Move-in-ready office building features a lobby with reception area, seven private rooms, kitchenette, and three bathrooms.

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Versatile Warehouse with Rental Income

1509 Hickory Avenue, Panama City, FL 32405

$799,000

4,300 sqft 0.21 AC lot

4,300 SF warehouse with rental opportunity in Panama City.

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Poured-Concrete Rooftop Restaurant Opportunity

436 Harrison Avenue, Panama City, FL 32401

$1,100,000

26,400 sqft 0.15 AC lot

Rooftop spans about 6,000 sf with staircases and elevator, with utilities stubbed for dining or additional units.

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First-Floor Retail Condo in Mashburn

436 Harrison Avenue, Panama City, FL 32401

$1,200,000

26,000 sqft 0.15 AC lot

First-floor commercial condo in the Mashburn Building at 436 Harrison Avenue, with street-facing frontage for retail or dining.

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Multi-Building Office and Flex Property

2901 W 17th Street, Panama City, FL 32405

$1,500,000

9,050 sqft

Three-building commercial property offers heated and cooled space with offices, conference rooms, and adaptable workspace plus on-site parking.

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Office and Shop with Lay-Down Yard

1219 Transmitter Road, Panama City, FL 32401

$849,000

4,162 sqft 1.49 AC lot

1.49-acre site includes a multi-room office building, large parking, and a detached partially heated/cooled shop.

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Auto Repair Center and Rentals

2206 W 15th Street, Panama City, FL 32401

$2,499,000

9,425 sqft 0.80 AC lot

Auto repair center with two long-term rental units and a fully equipped five-bay shop on a corner lot.

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Versatile Commercial Property in Panama City

1331 Harrison Avenue, Panama City, FL 32401

$2,500,000

11,171 sqft 0.55 AC lot

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

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Versatile Commercial Building in Downtown

551 Harrison Avenue, Panama City, FL 32401

$1,800,000

31,875 sqft 0.24 AC lot

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

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Panama City Commercial Property For Sale

2420 Jenks Ave, Panama City, FL 32305

$4,000,000

23,120 sqft 2.68 AC lot

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

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Neighborhood Shopping Center

Panama City, FL 32405

$6,493,000

54,027 sqft 5.18 AC lot

Neighborhood shopping center totaling about 54,027 square feet on roughly 5.18 acres, with multiple highway access points.

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Waterfront Class A Law Office

220 Mckenzie Avenue, Panama City, FL 32401

$2,950,000

10,157 sqft 1.10 AC lot

Two-story masonry office building with extensive wood interior features and waterfront dock capacity on Massalina Bayou.

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Two Panama City Office Buildings

2309 Frankford Avenue, Panama City, FL 32405

$1,199,000

3,555 sqft 0.35 AC lot

Two office buildings for sale in Panama City, Florida.

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Prime Commercial Panama City Location

2209 Thomas Dr, Panama City, FL 32408

$1,490,000

1.15 AC lot

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

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First-Floor Medical & Office Space

2402 State Ave, Panama City, FL 32405

Contact for pricing

9,219 sqft 3.33 AC lot

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

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Multi-Use Office Building with Suites

722 N Cove Blvd, Panama City, FL 32401

$650,000

3,000 sqft 0.27 AC lot

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

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Commercial Property with Metal Building

922 N East Avenue, Panama City, FL 32401

$435,000

2,337 sqft 1.00 AC lot

General Commercial 1 zoned 1-acre site with 132' frontage and a 30' x 40' metal building with 400A 3-phase.

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Panama City, FL Commercial Real Estate Market Trends and Statistics

Explore 346 commercial real estate for sale in Panama City, FL, showcased through 346 active listings on our real estate platform. These investment opportunities span a total of 2,309,601 square feet of properties for sale, with an estimated market value of $384,879,823.

Sale prices for business properties in Panama City, FL start at $30,475, averaging $1,430,780, 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.

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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	$1.3M
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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