Office Units with Vanilla Shell
For Lease
$15 SF/Yr
5620 Cherry Street, Panama City, FL 32404
CommercialLease, Panama City, FL
Space SizeContact for details
Days on Market151
Property Features for 5620 Cherry Street
General Information
Property type
Commercial Lease
Property subtype
Office
Accessibility
Accessible Approach with Ramp
Subdivision
Callaway
Lot features
Landscaped
Elementary school
Parker
Middle school
Everitt
High school
Rutherford
Directions
From intersection of Cherry St. and Tyndall Pkwy (Hwy 98) professional building is two parcels East on Cherry St on right side.
Standard status
Active
APN
07034-030-001
Size
10,168 SF
Taxes and HOA fees
Tax Description
18 4S 13W -29.31A- 132B2- BEG 250.6' E & 33'S OF NW COR OF SEC TH E 121' S 300' W 121' N 300' TO POB ORB 4389 P 1679
Legal Description
18 4S 13W -29.31A- 132B2- BEG 250.6' E & 33'S OF NW COR OF SEC TH E 121' S 300' W 121' N 300' TO POB ORB 4389 P 1679
Utilities
Heating system
Electric (Heating), Central
Building Details
Year built
1986
Floors in Building
1
Listing Agency:
ERA Neubauer Real Estate, Inc · ERA Real Estate
(850) 872-3434
Listed By:
Brian Hinton · License #3066285
(850) 527-6393
Added: Apr 2
Changed: Aug 19
Last Checked: Aug 30 at 8:06PM
MLS# 787832
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 office offering includes 10168 square feet within a building constructed in 1986. The space is presented in vanilla shell condition, giving the incoming business an opportunity to participate in interior design before using the newly finished offices. Electric and central heating systems serve the property, and an accessible approach with a ramp is provided.
The property is located at 5620 Cherry Street in Panama City, just off the intersection of Cherry Street and Hwy 98. Its office configuration and adaptable interior provide a foundation for a business seeking space that can be shaped around its operations.
The property is located at 5620 Cherry Street in Panama City, just off the intersection of Cherry Street and Hwy 98. Its office configuration and adaptable interior provide a foundation for a business seeking space that can be shaped around its operations.
Key Highlights
- 10168 square feet of office space
- Vanilla shell condition supports interior design input
- Newly finished office space for business use
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
Explore this area
Business Placement
Demographics for 32404, FL
38,186
Population
18,053
Households
2.1
Avg Household Size
40
Median Age
21%
College-Educated
87%
High-School Grad
135.1 sq mi
ZIP Area
283
Density / Sq Mi
$72,208
Median Household Income
$38,701
Median Earnings
$1,355
Median Rent
$239,700
Median Home Value
Market
Lease Benchmarks for Panama City, FL
$17.68 /SF/Yr
Avg Asking Price
$5.87–$44 /SF/Yr
Price Range
27,088 SF
Avg Space Size
This space is priced 15% below the average of $17.68 /SF/Yr.
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Office space is offered in vanilla shell condition with interior design flexibility and electric central heating.
Where is this office units located?
The property is located at 5620 Cherry Street Panama City, FL.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: 10168 square feet of office space; Vanilla shell condition supports interior design input; Newly finished office space for business use
