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College Campus Mixed-Use Building
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Pending

5102 Collegiate Dr, Panama City, FL 32405

Nearly 6,000 SF retail and office suites with outdoor seating options and separate second-floor space.

Property Size6,000 SF
Days on Market116

Property Features for 5102 Collegiate Dr

General Information

Standard status Pending
Size 6,000 SF
Property subtype Retail, Office
Zoning GC-2

Building Details

Stories 2
Listing Agency: Wattenbarger Commercial
Listed By: Kevin Wattenbarger, CCIM · License #FLBK3137983
Source: Crexi
Added: Apr 11 Changed: Jul 23 Last Checked: Aug 3 at 3:48PM

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 Wattenbarger Commercial

Investment Insights

Based on property information with market context.

The property at 5102 Collegiate Drive is a nearly 6,000+/- SF mixed-use building designed to serve both retail and office needs. The ground floor includes nearly 3,000 SF of interior retail space, along with additional areas suitable for outdoor seating. A separate second-floor suite provides nearly 3,000 SF with views of the North Bay and the surrounding college campuses.

This is described as the only privately owned parcel located in the Florida State University (FSU) Panama City campus and Gulf Coast State College (GCSC). The property is feet from the new Seminole Landing on-campus apartment building, opened in fall 2021.

The current zoning classification is General Commercial (GC-2 | Panama City), supporting commercial development for the area.

Key Highlights

  • Nearly 6,000 +/- SF mixed‑use property at 5102 Collegiate Drive in the Florida State University (FSU) Panama City Campus & Gulf Coast State College (GCSC).
  • Ground floor offers nearly 3,000 SF of interior retail space plus additional areas for outdoor seating.
  • Second floor features a separate suite with nearly 3,000 SF and views of the North Bay and surrounding college campuses.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Parking Lot & Garage

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

343
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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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Nearly 6,000 SF retail and office suites with outdoor seating options and separate second-floor space.
Where is this retail space located?
The property is located at 5102 Collegiate Dr Panama City, FL.
What are key features of this property?
This property features: Nearly 6,000 +/- SF mixed‑use property at 5102 Collegiate Drive in the Florida State University (FSU) Panama City Campus & Gulf Coast State College (GCSC).; Ground floor offers nearly 3,000 SF of interior retail space plus additional areas for outdoor seating.; Second floor features a separate suite with nearly 3,000 SF and views of the North Bay and surrounding college campuses.
More about this property
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