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

3109 Minnesota Avenue, Panama City, FL 32405

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

Space SizeContact for details
Days on Market1240

Property Features for 3109 Minnesota Avenue

General Information

Standard status Active

Building Details

Year Built 1995
Listing Agency: COUNTS REAL ESTATE GROUP INC
Listed By: CHRISTOPHER S MCCALL · License #666647
Source: Corcoran
Added: Apr 12, 2023 Changed: Mar 16 Last Checked: Mar 16 at 9:09AM

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 is available for rent, ranging from 3,000 to 103,000 square feet. 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 north half of the first floor offers 3,000 to 8,000 square feet of built-out space ready for immediate occupancy, with the potential availability of workstations for tenant use. The south half of the first and second floors are in unfinished warm-shell condition. The first floor shell space measures 12,000 square feet, while the second floor offers 15,000 square feet. The landlord is willing to finish-to-suit for long-term credit tenants. The lease rate is $19.10 NNN, plus operating expenses and sales tax. The property's total size is 106094 square feet.

Key Highlights

  • Class "A" office space available, offering a high‑quality business environment.
  • Flexible space options ranging from 3,000 to 103,000 sq. ft.
  • Strategically located near Highway 77 and Baldwin Ave.

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

NNN (Triple Net)
Lease Type

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
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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 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, offering a high‑quality business environment.; Flexible space options ranging from 3,000 to 103,000 sq. ft.; Strategically located near Highway 77 and Baldwin Ave.
More about this property
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