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Multi-Suite Office Building
For Lease
$750/Mo

1103 Fortune Avenue 101, Panama City, FL 32401

Shared conference and break-room facilities complement six separately leased office units.

Space SizeContact for details
Property Size3,163 SF
Days on Market112

Property Features for 1103 Fortune Avenue 101

General Information

Standard status Active
Size 3,163 SF
Property subtype Office

Space & Availability

Space Use Office
Meeting Rooms 1

Building Details

Building Size 3,163 SF
Year Built 1980
Listing Agency: Clubbs Real Estate Group LLC
Listed By: Ross Ticknor
Source: Saltymarlinrealty
Added: Jul 14 Changed: Oct 31 Last Checked: Oct 31 at 3:04AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Clubbs Real Estate Group LLC

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Investment Insights

Based on property information with market context.

This 3,163-square-foot office property contains six separately leased units. Shared areas include a lobby, conference room, restrooms, and break room with kitchenette. Electronic access is available around the clock. The landscaped grounds include magnolia trees, and the landlord covers power, water, internet, landscaping, and janitorial service for common areas.

At the corner of 11th and Fortune, the property sits between downtown and St. Andrews in Panama City.

Key Highlights

  • Six individually leased office units
  • 3,163 square feet
  • Shared lobby, conference room, restrooms, and break room with kitchenette

Property Analytics

Current Use

Clubbs Real Estate ... Real Estate Agency Denise N. Clubbs, ... Physician Cornerstone Christian Counseling ... Family Counselor Tiverly Property Maintenance Landscaping Kristina Berry Counselor

Suggested Use

Top Pick Law Firm Dental Office Accounting Firm Pharmacy Gym & Fitness Center Real Estate Agency

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

NNN (Triple Net)
Lease Type
$0.43 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

470
Businesses Nearby

Demographics for 32401, FL

20,487
Population
10,239
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
1,639
Density / Sq Mi
$49,901
Median Household Income
$35,885
Median Earnings
$1,194
Median Rent
$207,000
Median Home Value

Market

Lease Benchmarks for Panama City, FL

$18.7 /SF/Yr
Avg Asking Price
$1.53–$44.22 /SF/Yr
Price Range
35,860 SF
Avg Space Size

This space is priced 85% below the average of $18.7 /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

Frequently Asked Questions

What type of property is this?
Office unit - Shared conference and break-room facilities complement six separately leased office units.
Where is this office unit located?
The property is located at 1103 Fortune Avenue 101 Panama City, FL.
What is the lease rate?
The lease rate is $750/Mo.
What are key features of this property?
This property features: Six individually leased office units; 3,163 square feet; Shared lobby, conference room, restrooms, and break room with kitchenette
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