Panama City, FL Flex Space for Sale

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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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This listing looks promising.

Here's a quick look at some key insights for

2901 W 17th Street, Panama City, FL 32405

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Est. Cap Rate

8.3%
Above avg (5.9%)
Est. NOI

$114K
Annual
Price @ 7% Cap

$1.63M
Above asking
Last Sold

Dec 2019
$635K
Property Type

Commercial Office (General)
Built 1950

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Updated: May 22

Versatile Commercial Property in Panama City

1331 Harrison Avenue, Panama City, FL 32401

$2,500,000

11,171 sqft 0.66 AC lot

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.

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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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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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Industrial Land with Partially Built Building

1002 Skunk Valley Road, Panama City, FL 32409

$399,000

11.06 AC lot

11.06-acre parcel with utilities in place and a red iron building started for future heated and cooled space.

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Panama City Flex Warehouse

1117 Saint Andrews Blvd, Panama City, FL

$1,400,000

7,200 sqft 0.79 AC lot

7,200 SF flex warehouse in Panama City for lease.

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High-Spec Flex Industrial Complex

2532 Joan Avenue, Panama City, FL 32408

$2,500,000

9,000 sqft 1.00 AC lot

9,000 SF flex industrial complex with vertical expansion potential.

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Industrial Property Near Panama City Port

6513 Bay Line Dr, Panama City, FL 32404

Contact for pricing

33,000 sqft

33,000 SF industrial property with easy highway access.

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Flex Space with Canopy & Yard

1108 School Avenue Avenue, Panama City, FL 32401

$990,000

6,306 sqft 1.43 AC lot

Flex space with warehouse, canopy, and large fenced yard.

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Based on your search, we've compiled 18 Potential Opportunities for your consideration. Besides 9 Active listings in Panama City, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Drive-Through Flex Restaurant Building

13919 Hwy 77, Southport, FL 32409

$900,000

4,814 sqft 1.24 AC lot

Steel-constructed flex building with drive-through capabilities, commercial-grade kitchen systems, ample parking, and renovations scheduled complete before closing.

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Lynn Haven Flex/Warehouse Space

1119 Florida Avenue, Lynn Haven, FL 32444

$825,000

6,419 sqft 0.34 AC lot

Versatile flex/warehouse space in central Lynn Haven location.

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Lynn Haven Flex/Warehouse Space

1119 Florida Avenue, Lynn Haven, FL 32444

$825,000

6,419 sqft

Flex space with open office and high-ceiling warehouse.

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Multi-Use Acreage With Red Iron Building

1002 Skunk Valley Road, Southport, FL 32409

$399,000

11.06 AC lot

11+ acre Southport property on a paved road with utilities in place and an approximately 14,000-SF red iron building started.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Lot with Development Order

230 Sudduth Place, Panama City, FL 32404

$390,000

101,495 sqft 2.33 AC lot

2.33-acre commercial property with development order in Parker, Florida.

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Commercial Site Near Hathaway Bridge

6325 Big Daddy Dr, Panama City Beach, FL 32407

$750,000

1.13 AC lot

1.134 acre commercial site near the Hathaway Bridge.

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Prime Commercial Land in Freeport

16463 S Us Highway 331, Freeport, FL 32439

$1,400,000

2.75 AC lot

2.75 acre commercial parcel in fast-developing Freeport, Florida.

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Lanett Flex Building For Sale

220 N 12th Street, Lanett, AL 36863

$550,000

15,279 sqft 1.66 AC lot

15,279 SF flex building with office and production space.

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Off-Market Properties in Panama City, FL

Consider similar Off-Market properties in Panama City, FL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Flex space

3416 Us-98, Panama City, FL 32401

Value Estimation by Request

7,000 sqft 1.40 AC lot

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Panama City, FL Flex Space Market Trends and Statistics

Explore 10 flex space for sale in Panama City, FL, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 68,060 square feet of properties for sale, with an estimated market value of $13,499,000.

Sale prices for business spaces in Panama City, FL start at $625,000, averaging $1,499,888, and reaching up to $2,500,000 — 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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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

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
32401	$1.7M
32405	$2.5M
32408	$2.5M

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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