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Corner Flex Space with Workshops
New
For Sale
$1,150,000

2135 E 3rd St, Panama City, FL 32401

Fenced mixed-use property with separate production and welding areas.

Property Size54,886 SF
Lot Size1.26 Acres
Price / SF$20.95
Days on Market4

Property Features for 2135 E 3rd St

General Information

Standard status Active
Size 54,886 SF
Lot size 1.26 Acres
Property subtype Commercial
Zoning ND

Site & Location

Highway Access Yes
Road Access Yes
Fenced Yard Yes

Building Details

Buildings 2
Listing Agency: Corcoran Reverie Srb
Listed By: Delawalla Group
Source: Bestofemeraldcoast
Added: Sep 4 Changed: Sep 6 Last Checked: Sep 7 at 7:10AM

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 Corcoran Reverie Srb

Investment Insights

Based on property information with market context.

This flex-space property combines a main operational building with reception, two offices, three bathrooms, an open sewing and multipurpose work area, and a receiving section. The receiving area is unfinished, includes its own HVAC system and two roll-up doors, and can support storage, production, or distribution functions. A separate heated and cooled welding workshop adds dedicated fabrication space and roll-up-door access. Newer HVAC systems and a 2019 metal roof are in place.

The property occupies a corner parcel on Business Hwy 98, also identified as E 5th Street, in Panama City. It has two access points, full fencing, and 388 feet of highway frontage. The site is zoned Neighborhood Downtown (ND), lies within the Millville Downtown District, and is part of a Community Redevelopment Agency district. Total building area is approximately 6,200 square feet, with an additional 1,500-square-foot welding workshop.

Key Highlights

  • 388' of frontage on Business Hwy 98 with an AADT of 19,300 vehicles
  • 1.26‑acre corner lot with two access points and full fencing
  • Approximately 6,200 square feet of total building space

Property Analytics

Current Use

Armstrong Upholstery Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Parking Lot & Garage Auto Parts Store Nail Salon

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

Yes
Fenced yard
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

279
Businesses Nearby
Under-served
Demand for This Use

Demographics for 32401, FL

20,487
Population
10,239
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
1,639
Density / Sq Mi
$49,901
Median Household Income
$35,885
Median Earnings
$1,194
Median Rent
$207,000
Median Home Value

Market

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Fenced mixed-use property with separate production and welding areas.
Where is this flex space located?
The property is located at 2135 E 3rd St Panama City, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 388' of frontage on Business Hwy 98 with an AADT of 19,300 vehicles; 1.26‑acre corner lot with two access points and full fencing; Approximately 6,200 square feet of total building space
More about this property
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