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    Panama City, FL
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    Panama City, FL Healthcare Properties for Sale

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    6 properties
    Multi-Use Office Building with Suites
    Updated: Mar 26
    Multi-Use Office Building with Suites

    722 N Cove Blvd, Panama City, FL 32401

    $650,000
    3,000 sqft 0.27 AC lot
    Listing includes both properties: 722 Martin Luther King and 722 1/2 MLK
    Over 3,000 sq. ft. commercial building on a 0.27‑acre lot
    10 bedrooms and 8 bathrooms across the property’s flexible layout
    Minutes from Downtown, the hospital, and major shopping centers
    Layout supports private offices, client suites, or guest accommodations for office, medical, hospitality, or mixed‑use use
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    This listing looks promising.

    Here's a quick look at some key insights for

    722 N Cove Blvd, Panama City, FL

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    • Est. Cap Rate

      6.3%
      Above avg (5.9%)

    • Est. NOI

      $41K
      Annual

    • Price @ 7% Cap

      $580K
      Suggested

    • Property Type

      Single Family Residence
      Built 1998
    View Property Analytics
    Veterinary Clinic Facility
    Updated: Jun 30
    Veterinary Clinic Facility

    247 N Highway 22 A, Panama City, FL 32404

    $349,900
    2,768 sqft 0.45 AC lot
    Brick commercial building built in 1974 with shingle roof
    Established veterinary clinic served the community for over 40 years
    Facility includes reception and waiting area plus four exam rooms
    Includes surgery room, X‑ray room, and kennel area
    Additional space: private office, grooming space, and support rooms
    View details
    Assisted Living Facility Building
    Assisted Living Facility Building

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

    $650,000
    3,100 sqft 0.27 AC lot

    Brick and block assisted living facility built in 1998 with a shingle/asphalt roof and flexible room layout.

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    Ground Floor Medical Office Suite
    Ground Floor Medical Office Suite

    2202 State Avenue #105, Panama City, FL 32405

    $455,000
    1,229 sqft

    Ground-floor medical office suite within a medical complex with direct corridor access to the hospital.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Medical Office Building Panama City
    Medical Office Building Panama City

    2636 Jenks Avenue, Panama City, FL 32405

    $700,000

    Updated medical office in Panama City's medical district.

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    2507 Harrison Ave Suite 200
    2507 Harrison Ave Suite 200

    2507 Harrison Ave Suite 200 | Panama City, FL 32405, Panama City, FL 32405

    $825,000
    3,500 sqft

    +/-3500sf medical office space

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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 6 Active listings in Panama City, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 66 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

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

    New Medical Office Building
    New Medical Office Building

    1002 N Arnold Rd, Panama City Beach, FL 32413

    Contact for pricing
    6,000 sqft 88.65 AC lot

    Class A healthcare space offers adaptable suites, public utilities, and a first-floor café for physician practices.

    View details
    Class A Medical Office Building
    Class A Medical Office Building

    C-1002 N Arnold Rd, Panama City Beach, FL 32413

    Contact for pricing
    6,000 sqft

    New construction medical office suites are available in a Class A building within an established healthcare campus.

    View details
    Assisted Living Facility with 2015 Roof
    Assisted Living Facility with 2015 Roof

    108 Wagner Road, Bonifay, FL 32425

    Contact for pricing

    Concrete block assisted living building with a 2015 metal roof, multiple rooms, and existing furnishings included.

    View details
    Healthcare Facility Building
    Healthcare Facility Building

    401 E Byrd Avenue, Bonifay, FL 32425

    Contact for pricing

    Former Doctors Memorial Hospital building offers flexible healthcare and institutional redevelopment options.

    View details

    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.

    521 Bch Dr
    HOMES (RETIRED, NURSING)

    521 Bch Dr, Panama City, FL 32401-3247

    $235,000
    Estimated value
    6,106 sqft 0.43 AC lot
    View details
    528 Baldwin Rd
    MEDICAL BUILDING

    528 Baldwin Rd, Panama City, FL 32405-3313

    $875,000
    Estimated value
    8,046 sqft 2.78 AC lot
    View details
    200 Star Ave
    MEDICAL BUILDING

    200 Star Ave, Panama City, FL 32404-7615

    $220,000
    Estimated value
    4,535 sqft 0.86 AC lot
    View details
    1010 11th St
    MEDICAL BUILDING

    1010 11th St, Panama City, FL 32401-2042

    $220,000
    Estimated value
    2,725 sqft 0.31 AC lot
    View details
    619 Cv Blvd
    MEDICAL BUILDING

    619 Cv Blvd, Panama City, FL 32401-3642

    $1,105,000
    Estimated value
    7,661 sqft 0.44 AC lot
    View details
    2101 Jenks Ave
    MEDICAL BUILDING

    2101 Jenks Ave, Panama City, FL 32405-4511

    $1,285,000
    Estimated value
    5,801 sqft 0.47 AC lot
    View details
    2636 Jenks Ave
    MEDICAL BUILDING

    2636 Jenks Ave, Panama City, FL 32405-4387

    $215,000
    Estimated value
    2,725 sqft 0.39 AC lot
    View details
    2567 Huntcliff Ln
    MEDICAL BUILDING

    2567 Huntcliff Ln, Panama City, FL 32405-4902

    $225,000
    Estimated value
    1,920 sqft 0.27 AC lot
    View details
    600 Cv Blvd
    MEDICAL BUILDING

    600 Cv Blvd, Panama City, FL 32401-3628

    $400,000
    Estimated value
    5,147 sqft 0.24 AC lot
    View details
    1007 Jenks Ave
    MEDICAL BUILDING

    1007 Jenks Ave, Panama City, FL 32401-2474

    $495,000
    Estimated value
    2,660 sqft 0.40 AC lot
    View details
    2309 Saint Andrews Blvd, Unit B
    MEDICAL BUILDING

    2309 Saint Andrews Blvd, Panama City, FL 32405-2171

    Unit B
    $375,000
    Estimated value
    4,349 sqft 0.56 AC lot
    View details
    516 Macarthur Ave
    MEDICAL BUILDING

    516 Macarthur Ave, Panama City, FL 32401-3636

    $340,000
    Estimated value
    3,041 sqft 0.23 AC lot
    View details
    3520 15th St
    MEDICAL BUILDING

    3520 15th St, Panama City, FL 32404-5831

    $235,000
    Estimated value
    4,348 sqft 0.69 AC lot
    View details
    200 19th St
    MEDICAL BUILDING

    200 19th St, Panama City, FL 32405-4628

    $935,000
    Estimated value
    5,791 sqft 0.77 AC lot
    View details
    2306 Martin Luther King Jr Blvd
    MEDICAL BUILDING

    2306 Martin Luther King Jr Blvd, Panama City, FL 32405-4404

    $940,000
    Estimated value
    4,048 sqft 0.36 AC lot
    View details
    643 Hwy 231
    MEDICAL BUILDING

    643 Hwy 231, Panama City, FL 32405-4704

    $1,800,000
    Estimated value
    7,522 sqft 0.68 AC lot
    View details
    4121 Hwy 98
    MEDICAL BUILDING

    4121 Hwy 98, Panama City, FL 32401-1170

    $70,000
    Estimated value
    7,546 sqft 0.70 AC lot
    View details
    2500 Martin Luther King Jr Blvd
    MEDICAL BUILDING

    2500 Martin Luther King Jr Blvd, Panama City, FL 32405-4412

    $11,000,000
    Estimated value
    29,210 sqft 3.38 AC lot
    View details

    Panama City, FL Healthcare Properties Market Trends and Statistics

    Explore 72 healthcare properties for sale in Panama City, FL, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 13,597 square feet of properties for sale, with an estimated market value of $3,629,900.

    Sale prices for medical real estate in Panama City, FL start at $349,900, averaging $604,983, and reaching up to $825,000 — 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

    Medical centers 4
    Medical space 3
    Assisted living facilities 2
    Spa & wellness properties 1

    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
    32404 $349.9K
    32401 $555K
    32405 $655K

    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 100,000+ square foot range.

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    Most Searched ZIP Codes in Panama City, FL

    • 32405
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    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.

    Full Sail Realty of Northwest Florida
    1514 W. 23rd St, Suite B Panama City, FL 32405
    Phone: 18508194961
    FullSailNWFL.com

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