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Class A Office Space Available
For Lease
$16 SF/Yr NNN

3109 Minnesota Avenue #5 000, Panama City, FL 32405

Class A office space for lease in Panama City, Florida.

Space SizeContact for details
Days on Market1269

Property Features for 3109 Minnesota Avenue #5 000

General Information

Standard status Active
Property subtype Commercial

Amenities

Columns
Concrete Flooring
Membrane Roof
Paved

Building Details

Year Built 1995
Listing Agency: COUNTS REAL ESTATE GROUP INC
Listed By: CHRIS S MCCALL · License #0666647
Source: Corcoran
Added: Mar 7, 2023 Changed: Aug 27 Last Checked: Aug 26 at 9:13AM

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 COUNTS REAL ESTATE GROUP INC

Investment Insights

Based on property information with market context.

Class A office space ranging from 3,000 to 103,000 square feet is available for lease. The Tyndall Federal Credit Union Operations Center is centrally located near the intersection of Highway 77 and Baldwin Avenue, adjacent to and north of Haney Vocational Training School. The south half of the first and second floors are in unfinished warm-shell condition. The landlord offers finish-to-suit options for long-term credit tenants. The first floor shell space measures 12,000 square feet, while the second floor offers 15,000 square feet. The lease rate is $16.00 NNN, plus operating expenses and sales tax. The property is suitable for office space.

Key Highlights

  • Class "A" office space available.
  • Large space: 3,000 to 103,000 sq. ft.
  • Centrally located near Highway 77 and Baldwin Ave.

Property Analytics

Current Use

Office Units

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

733
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

$17.68 /SF/Yr
Avg Asking Price
$5.87–$44 /SF/Yr
Price Range
27,088 SF
Avg Space Size

This space is priced 10% below the average of $17.68 /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
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Frequently Asked Questions

What type of property is this?
Office units - Class A office space for lease in Panama City, Florida.
Where is this office units located?
The property is located at 3109 Minnesota Avenue #5 000 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: Class "A" office space available.; Large space: **3,000 to 103,000 sq. ft.**; Centrally located near Highway 77 and Baldwin Ave.
More about this property
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