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Office Units with Warm-Shell Space
For Lease
$16 SF/Yr

3109 Minnesota Avenue, Panama City, FL 32405

CommercialLease, Panama City, FL

Space Size3,000 SF - 103,000 SF
Days on Market1075

Property Features for 3109 Minnesota Avenue

General Information

Property type Commercial Lease
Property subtype Office
Zoning description Commercial, City
Exterior features Columns, RainGutters
Accessibility Accessible Elevator Installed, Accessible Approach with Ramp
Subdivision [No Recorded Subdiv]
Elementary school Hiland Park
Middle school Mowat
High school Mosley
Directions Highway 77 North to East on Baldwin Road. Then, first left (North) on Minnesota Avenue. The Tyndall Federal Credit Union OPERATIONS CENTER is +/- one block north, adjacent to Haney Vocational Training Center and south of Mosley High School.
Standard status Active
APN 11818-000-000
Size 106,094 SF

Taxes and HOA fees

Tax Description 21 3S 14W -24- 103C ST AND BAY DEV CO PLAT LOTS 115 & 126 ORB 1450 P 866
Legal Description 21 3S 14W -24- 103C ST AND BAY DEV CO PLAT LOTS 115 & 126 ORB 1450 P 866

Utilities

Sewer type Public Sewer

Building Details

Year built 1995
Floors in Building 2
Flooring type Concrete
Building materials SteelFrame, Stucco
Roof type Membrane
Listing Agency: Counts Real Estate Group Inc
Listed By: Chris S McCall · License #0666647
Added: Sep 25, 2023 Changed: Sep 3 Last Checked: Sep 3 at 3:06PM
MLS# 747067

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.

The 106094-square-foot office property, completed in 1995, offers suites ranging from 3,000 to 103,000 sq. ft. Suite 180 is available for immediate occupancy, with existing workstations potentially available for tenant use. Unfinished warm-shell areas occupy the south side of the first and second floors, including 12,000 sq. ft. on the first floor and 15,000 sq. ft. on the second floor. Build-to-suit completion is available for long-term credit tenants.

Located at 3109 Minnesota Avenue in Panama City, the property sits near Highway 77 and Baldwin Ave., next to Haney Vocational Training School. Building features include a steel frame, stucco exterior, concrete flooring, membrane roofing, public sewer service, an accessible elevator, and a ramped approach.

Key Highlights

  • Office space availability ranges from 3,000 to 103,000 sq. ft.
  • Suite 180 is ready for immediate occupancy
  • Warm‑shell area includes 12,000 sq. ft. on the 1st floor and 15,000 sq. ft. on the 2nd Floor

Property Analytics

Current Use

Bay County Vet ... Community Center Tyndall Federal Credit ... Credit Union Rebuild Florida Center ... Government Economic Program Covenant Care - Panama ... Home Health Care Service Movable City Solar ... Production Facility

Suggested Use

Top Pick Dental Office Restaurant Building Supply Law Firm Big Box & Wholesale Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

318
Businesses Nearby

Demographics for 32405, FL

28,158
Population
13,585
Households
2.1
Avg Household Size
40
Median Age
29%
College-Educated
92%
High-School Grad
18.8 sq mi
ZIP Area
1,498
Density / Sq Mi
$71,002
Median Household Income
$41,867
Median Earnings
$1,418
Median Rent
$255,100
Median Home Value

Market

Lease Benchmarks for Panama City, FL

$18.32 /SF/Yr
Avg Asking Price
$7–$44.22 /SF/Yr
Price Range
27,527 SF
Avg Space Size

This space is priced 13% below the average of $18.32 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Flexible premises include move-in-ready space, unfinished areas, and build-to-suit capability for qualifying long-term tenants.
Where is this office units located?
The property is located at 3109 Minnesota Avenue Panama City, FL.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Office space availability ranges from 3,000 to 103,000 sq. ft.; Suite 180 is ready for immediate occupancy; Warm‑shell area includes 12,000 sq. ft. on the 1st floor and 15,000 sq. ft. on the 2nd Floor
More about this property
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