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    221 East 23rd Street | Panama City, FL 32405 Panama City, FL 32405

    For Lease
    $22 SF/Yr ($4,986 /Mo)

    2720 SF Medical/Office Space, Prime Location

    Lot size:
    2,720 SF

    Description

    Added:
    Jan 23, 2025
    Days on Market:
    317
    This exceptional 2720-square-foot medical or office suite is ideally situated at 221 East 23rd Street in Panama City, Florida, zip code 32405. Boasting high visibility and excellent signage on a major east-west arterial road with a high average annual daily traffic count of 35,000, this property offers unparalleled access and convenience. The suite features a spacious lobby/waiting room complete with a check-in window, nine exam rooms/office spaces, three executive offices, a convenient kitchen/breakroom, and two restrooms. Its versatile layout caters to a variety of medical or office uses. The location provides close proximity to numerous national retailers and is strategically positioned near Ascension Sacred Heart Bay and HCA Florida Gulf Coast Hospitals, ensuring a strong patient base and convenient access for employees. Ample on-site parking is available. The annual rent is $22 per square foot. This property presents a unique opportunity for businesses seeking a high-profile location with excellent visibility and accessibility in a thriving commercial area. The suite is ready for immediate occupancy.

    Property Features for 221 East 23rd Street | Panama City, FL 32405

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,720 SF
    Class
    B
    Elevators
    N/A
    Total Rate
    4986.67

    HighLights

    • 2,720 sq ft versatile medical/office suite in Panama City, FL.
    • Prime location on E 23rd Street with high visibility and 35,000 AADT.
    • Convenient access to major highways, hospitals, and national retailers; ample on‑site parking.
    Insight Report Location Intelligence

    Current Use by Public Records

    Seaside Spine Massage Therapist ARACELIA BERNIER, M.D. Doctor Dr. Timothy G. ... General Practitioner laser spine surgery Doctor Pizza Hut Pizza Delivery

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    State
    Florida
    Longitude
    -80.287848
    Latitude
    26.285616

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    FAQs

    What type of property is this?
    Medical office - 2720 SF Medical/Office Space, Prime Location
    Where is this medical office located?
    The property is located at 221 East 23rd Street | Panama City, FL 32405 Panama City, FL.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: 2,720 sq ft versatile medical/office suite in Panama City, FL.; Prime location on E 23rd Street with high visibility and 35,000 AADT.; Convenient access to major highways, hospitals, and national retailers; ample on-site parking.
    (850) 249-2879
    Request Owner's contact information
    221 East 23rd Street | Panama City, FL 32405 Panama City, FL 32405
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    221 East 23rd Street | Panama City, FL 32405 Panama City, FL 32405
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