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New Flex Warehouse with Roll-Up Doors
For Lease
$14 SF/Yr

1515 Wood Ave, Panama City, FL 32405

Flexible industrial space offers customizable office improvements, loading access, and front parking for a range of commercial operations.

Space SizeContact for details
Days on Market116

Property Features for 1515 Wood Ave

General Information

Standard status Active

Building Details

Year Built 2026
Listing Agency: Counts Real Estate Group Inc
Listed By: Jason Oakes · License #0605868
Source: Bemajorteam
Added: May 8 Changed: Aug 30 Last Checked: Aug 25 at 4:05AM

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.

A new 6,000-square-foot flex warehouse is planned for 2026 construction, with 14-foot by 14-foot roll-up doors and man doors serving both the front and rear. Interior office improvements can be tailored during development, with the owner willing to coordinate the build-out for a longer-term lease. The property may be configured as one large space, two 3,000-square-foot sections, or four 1,500-square-foot sections.

Front parking and room for loading and unloading support day-to-day operations. An additional 900-square-foot workshop is also available and includes electrical service, sprayed insulation, and two subdivided areas. Construction is expected to begin in mid-June and take approximately 90 days.

Key Highlights

  • 6,000 SF flex warehouse planned for 2026 construction
  • 14' x 14' roll‑up doors plus front and rear man doors
  • Configurable as one space, two 3,000 SF sections, or four 1,500 SF sections

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Pharmacy Gym & Fitness Center Parking Lot & Garage Real Estate Agency Garden Center Kitchen & Bath Showroom

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
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

838
Businesses Nearby
Under-served
Demand for This Use

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

$8.75 /SF/Yr
Avg Asking Price
$5.87–$14 /SF/Yr
Price Range
10,454 SF
Avg Space Size

This space is priced 60% above the average of $8.75 /SF/Yr.

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Flexible industrial space offers customizable office improvements, loading access, and front parking for a range of commercial operations.
Where is this flex space located?
The property is located at 1515 Wood Ave Panama City, FL.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: 6,000 SF flex warehouse planned for 2026 construction; 14' x 14' roll‑up doors plus front and rear man doors; Configurable as one space, two 3,000 SF sections, or four 1,500 SF sections
More about this property
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