Versatile Commercial Property in Panama
1331 Harrison Avenue Panama City, FL 32401
1331 Harrison Avenue, Panama City, FL, 32401
$2,500,000
For Sale
$2,500,000
COMMERCIAL - Panama City, FL
Property Size11,171 SF
Lot Size0.66 Acres
Price / SF$223.79
Days on Market61
Property Features for 1331 Harrison Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 18353-000-000
- Size
- 11,171 SF
- Lot size
- 0.66 Acres
Taxes and HOA fees
- Tax Description
- WASHINGTON HEIGHTS LOTS 7,8,9 & 10 E1/2 BLK 8 ORB 4052 P 111
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Ceiling Fan(s)
Building Details
- Year built
- 2021
- Flooring type
- Concrete
- Building materials
- Concrete, VinylSiding
- Roof type
- Metal
Listing agency
Think Real Estate
(850) 270-4200
Listed by
The Sanchez Group
(850) 890-6262
Added: May 22 Updated: May 28 at 10:40AM Checked: Jul 21 at 11:06AM
MLS# 790265
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Panama City along a growing commercial corridor, this commercial property at 1331 Harrison Ave offers approximately 11,171 square feet of showroom, warehouse, and office space. The property is designed to support a variety of business operations and is suited for owner-users, fabricators, distributors, light industrial operators, automotive or service businesses, or investors. The building features a 7,134 square foot warehouse with ceilings approaching 21 feet, providing vertical storage capacity. A 1,391 square foot mezzanine adds usable square footage for inventory storage, supplies, archives, or workspace. At the front of the building, a 1,153 square foot showroom features stained and sealed concrete floors, acoustic drop ceilings, and LED pendant lighting. Adjacent spaces include a reception, private office, filing area, vacuum room, and ADA-compliant restrooms. The building has Kingspan(R) insulated metal wall and roof panel envelope. The property includes a 600-amp, 240/120V 3-phase electrical service. The 24,000 square foot site features ADA-accessible parking, on-street parking, professional landscaping, and concrete drives, engineered to current Florida Building Code with hurricane-rated structural design.
Key Highlights
- 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.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $174.3k | $15.60 |
| − Vacancy | −$13.9k | −$1.25 |
| EGI | $160.3k | $14.35 |
| − OpEx | −$56.1k | −$5.02 |
| NOI | $104.2k | $9.33 |
11,171 SF · lease $15.60/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.49M
$1.30M – $1.74M
NOI $104,212 @ 7.0% cap · market cap 4.17%
Second Best
Warehouse
$1.37M
$1.20M – $1.60M
NOI $96,060 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$2.81M
$2.46M – $3.28M
NOI $196,654 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Panama City Hot ...
Factory
PcSnkrs
Clothing & Fashion Store
Panama City Hot ...
Factory
McLeod's Glass & Supply
Hardware & Home Improvement
Similar For Sale Nearby
Similar Off Market Nearby
- PoFolks Restaurant — 989 15th st, panama city, fl 32401
FAQs
What type of property is this?
Flex space - Showroom, warehouse, and office space in a strategic location.
Where is this flex space located?
The property is located at 1331 Harrison Avenue Panama City, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 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.
