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Renovated Office Building
For Sale
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Pending

2516 W 23rd Street, Panama City, FL 32405

Newly renovated office building with numerous offices, a large waiting room, and ADA-compliant accommodations.

Property Size3,400 SF
Days on Market136

Property Features for 2516 W 23rd Street

General Information

Standard status Pending
Size 3,400 SF
Property subtype Office
Listing Agency: World Impact Real Estate
Listed By: Gayle Hardy-Lynch · License #707077
Source: Crexi
Added: Apr 12 Changed: Aug 14 Last Checked: Aug 24 at 9:01PM

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 World Impact Real Estate

Investment Insights

Based on property information with market context.

Newly renovated commercial office building on a large lot featuring numerous offices, a large waiting room, reception area, and break room. The interior includes updated LED lighting throughout, waterproof flooring, and three bathrooms.

The building has approximately 3,400 square feet of heated/cooled area, with an additional approximately 288 square feet of non-heated/non-cooled detached garage or storage space. A new roof was installed in 2019, and the property includes a striped parking lot. The building is described as ADA compliant.

Key Highlights

  • Newly renovated commercial office building with approx. 3,400 SF heated/cooled space and numerous offices
  • Large waiting room plus reception area for client traffic
  • 3 bathrooms, including waterproof flooring and newly updated LED lighting throughout

Property Analytics

Current Use

Octa-Structure International Inc Construction Company All Star Learning ... Daycare Center

Suggested Use

Top Pick Restaurant Real Estate Agency Building Supply Law Firm HVAC Service Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

582
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

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 building - Newly renovated office building with numerous offices, a large waiting room, and ADA-compliant accommodations.
Where is this office building located?
The property is located at 2516 W 23rd Street Panama City, FL.
What are key features of this property?
This property features: Newly renovated commercial office building with approx. 3,400 SF heated/cooled space and numerous offices; Large waiting room plus reception area for client traffic; 3 bathrooms, including waterproof flooring and newly updated LED lighting throughout
(954) 965-3990 Call to check price and availability
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