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    500-516 E 23Rd St Panama City, FL 32405

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    For Lease
    $30 SF/Yr ($6,812 /Mo)

    Retail space available in a high-traffic Panama City location.

    Property size:
    2,725 SF
    Lot size:
    9.58 Acres

    Property Features for 500-516 E 23Rd St

    General Information

    Size
    2,725 SF
    Lot size
    9.58 Acres

    Source: Bellcore Commercial LLC Agent Harry Bell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Panama City

    Located at the intersection of Hwy 77 and E 23rd Street in Panama City, FL, Bay City Point is a new development with over 200,000 square feet of retail space. The location benefits from high visibility and accessibility, with traffic exceeding 60,000 AADT. The site is near residential areas and national retailers, including Target, Kohl’s, Dillard’s, Home Depot, Lowe’s, Walmart, Publix, TJ Maxx, Hobby Lobby, and PetSmart. Situated across from Target and the Panama City Mall, which includes Dillard’s, JC Penney, Sears, and Bed Bath & Beyond, Bay City Point is positioned to be a retail destination. This development is the largest new retail project in Panama City in the past 20 years. Other retailers in the vicinity include Walmart, Publix, Lowes, Dillards, Target, Toys-R-Us, and Bed, Bath & Beyond. The available retail space is 2,725 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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.

    Similar Places Nearby

    Gilberg's Plaza, Mariner Plaza, PCB Office, Bay City Point, Panama City Mall

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.6538137
    Latitude
    30.1891068

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    FAQs

    What type of property is this?
    Shopping center - Retail space available in a high-traffic Panama City location.
    Where is this shopping center located?
    The property is located at 500-516 E 23Rd St Panama City, FL.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: - Highly visible location at the intersection of Hwy 77 and E 23rd Street, the "Main & Main" intersection of Panama City, with over 60,000 AADT.; - Largest new retail development in Panama City in the past 20 years (200,000+ SF).; - Strong co-tenancy with close proximity to numerous national retailers.
    (850) 240-0527
    Request Owner's contact information
    500-516 E 23Rd St 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
    500-516 E 23Rd St Panama City, FL 32405
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