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Three-Building Flex and Industrial Campus

2901 W 17th Street Panama City, FL 32405

Claim this Listing
For Sale
$1,500,000

COMMERCIAL - Panama City, FL

Property size:
9,050 SF
Lot size:
0.92 Acres
Price / SF:
$165/SF
Added:
Apr 18, 2026
Days on Market:
86
Last Refresh:
Jul 12 at 8:06 am

Property Features for 2901 W 17th Street

General Information

Property type
Commercial Sale
Property subtype
Other
Accessibility
Accessible Approach with Ramp
Standard status
Active
APN
28951-000-000
Size
9,050 SF
Lot size
0.92 Acres

Taxes and HOA fees

Tax Description
36 3S 15W E1/2 OF SW1/4 LOTS 17,18 & LOTS 1,2 & 3 MAP79D4 BLK 17 ORB 4206 P 157

Utilities

Sewer type
Public Sewer

Building Details

Year built
1950
Floors in Building
1

Listing agent Will Pender License #sl3381749

Listing office Keller Williams Success Realty 7923 Panama City Beach Pkwy, Panama City Beach, FL

Listing date Apr 18, 2026

MLS# 788783

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.

This three-building flex and industrial campus totals 9,000+ square feet of heated and cooled space, providing a practical mix of office and adaptable work areas. The interior includes multiple private offices and conference rooms, supporting professional services, contractor operations, or corporate-style work. Beyond the main spaces, the property includes a detached outbuilding that can function as storage, a workshop, or support space, plus a gated storage yard designed for secure placement of equipment, materials, or vehicles.

The site is positioned in the St. Andrews area of Panama City, placing it just minutes from the heart of the district. The property also benefits from abundant on-site parking, helping accommodate staff, clients, and fleet needs. Panama City Beach is less than 7 miles away, adding to the property’s appeal within a thriving coastal market.

For buyers or operators, the three-building configuration offers flexibility to run multiple divisions under one ownership or potentially generate rental income from separate spaces. The combination of office-ready improvements, secure outdoor storage, and parking for larger vehicle requirements makes the campus a strong match for businesses that need both professional work space and space to support ongoing field and equipment operations.

Key Highlights

  • 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

Local Financial Insights For Office B

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 $190.1k $21.00
− Vacancy −$38.0k −$4.20
EGI $152.0k $16.80
− OpEx −$38.0k −$4.20
NOI $114.0k $12.60
9,050 SF · lease $21.00/SF/yr · vacancy 20.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.63M
$1.43M – $1.90M (±1% cap)
NOI $114,030 @ 7.0% cap · market cap 7.60%
Second Best
Flex RnD
$1.21M
$1.06M – $1.41M (±1% cap)
NOI $84,426 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M (±1% cap)
NOI $159,316 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Habitat for Humanity of Bay ... Charitable Organization

Suggested Use

Parking Lot & Garage Cafe & Coffee Shop Plumbing Service Gym & Fitness Center Locksmith HVAC Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Pet Grooming Service Florist

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • The Shrimp Boat — 1201 Beck Ave, Panama City, FL 32401

FAQs

What type of property is this?
Flex space - A 9,000+ SF heated, multi-office flex campus with gated storage, abundant parking, and room to scale for growing operations.
Where is this flex space located?
The property is located at 2901 W 17th Street Panama City, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 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
Contact an agent
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