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Flex Space with A/C Office and Apartments
For Lease
$8 SF/Yr

1919 Drummond Avenue, Panama City, FL 32405

COMMERCIAL - Panama City, FL

Space SizeContact for details
Lot Size0.39 Acres
Days on Market121

Property Features for 1919 Drummond Avenue

General Information

Property type Commercial Lease
Property subtype Other
Subdivision Drummond & Ware Add
Elementary school Lucille Moore
Middle school Jinks
High school Bay
Directions Take Michigan ave go east on 20th. The building at the corner of 20th and Drummond Ave
Standard status Active
APN 28045-000-000
Size 7,220 SF
Lot size 0.39 Acres

Taxes and HOA fees

Tax Description DRUMMOND & WARE ADD LOTS 1,2 BLK 30 ORB 4039 P 1459 MAP 79D2
Legal Description DRUMMOND & WARE ADD LOTS 1,2 BLK 30 ORB 4039 P 1459 MAP 79D2

Utilities

Sewer type Public Sewer

Amenities

motorized sliding gate
roll-up bay doors
secure yard
electric gate

Building Details

Year built 1955
Floors in Building 2
Flooring type Tile, Concrete
Building materials Block
Listing Agency: Keller Williams Success Realty · Keller Williams Realty
Listed By: Maxim Sedov · License #3270994
Added: Apr 20 Changed: Aug 4 Last Checked: Aug 18 at 11:06PM
MLS# 788612

Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This flex space includes a climate-controlled warehouse with a 12ft ceiling, plus A/C office space. The property also features two 2-bedroom, 1-bath apartments located on the 2nd floor, each with a full kitchen with appliances, a living room, and a laundry room equipped with a washer and dryer.

The building is a cement block and concrete construction on a .39 acre corner lot at 1919 Drummond Avenue in Panama City, FL. It sits just off Michigan Ave and is described as easily accessible from both Hwy 98 and 23rd St, with additional parking space in front of the office for vehicles. The secure yard is accessed by an electric gate and is designed to support a range of uses.

On-site improvements include a new motorized sliding gate and new roll-up bay doors. The property was built in 1955, and utilities include public sewer.

Key Highlights

  • Climate‑controlled warehouse with 12ft ceilings
  • A/C office space plus secure spacious yard
  • .39 acre corner lot just off Michigan Ave

Property Analytics

Current Use

Panama City Roofing Roofing Company

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Catering Service Grocery & Convenience Store Accounting Firm Pet Grooming Service

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

12 ft
Clear height
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$1.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

601
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

$9.33 /SF/Yr
Avg Asking Price
$5.87–$19.63 /SF/Yr
Price Range
10,674 SF
Avg Space Size

This space is priced 14% below the average of $9.33 /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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Corams on the Road 4200 W 23rd St, Panama City, FL 32405

Frequently Asked Questions

What type of property is this?
Flex space - Flex space with climate-controlled warehouse, A/C office, and two 2-bedroom, 1-bath apartments on a corner lot.
Where is this flex space located?
The property is located at 1919 Drummond Avenue Panama City, FL.
What is the lease rate?
The lease rate is $8 SF/Yr.
What are key features of this property?
This property features: Climate‑controlled warehouse with 12ft ceilings; A/C office space plus secure spacious yard; .39 acre corner lot just off Michigan Ave
More about this property
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