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Two-Story Office Building
For Lease
$25 SF/Yr

220 Mckenzie Avenue, Panama City, FL 32401

Commercial for Lease, Panama City, FL

Space Size10,157 SF
Lot Size1.00 Acre
Days on Market115

Property Features for 220 Mckenzie Avenue

General Information

Property type Commercial Lease
Property subtype Office
Directions From Harrison Avenue, take E. 4th Street toward the Bay County Courthouse, turn right (south) on McKenzie Avenue to the end. The Barron & Redding Law Office is on the left.
Subdivision 27 - Bay County
Standard status Active
APN 20156-000-000
Lot size 1.00 Acre

Utilities

Water front 1
Listing Agency: Counts Real Estate Group Inc
Listed By: Christopher S McCall · License #666647
Added: May 22 Changed: Sep 11 Last Checked: Sep 13 at 3:06AM
MLS# 1003753

Copyright © 2026 Emerald Coast 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.

Available for lease, this 10,157-square-foot office property offers a two-level configuration with 18 private offices, two conference rooms, a law library, open areas for paralegal and administrative functions, workspace, a large breakroom, and reception. Masonry construction with brick veneer is complemented by extensive wood molding, paneling, and trim throughout the attorney offices, conference rooms, and library. The building was constructed in 1986 and renovated in 2019 following Hurricane Michael.

The property is adjacent to the Bay County Courthouse and positioned on Massalina Bayou, providing a waterfront setting within Panama City. Large windows are featured throughout the building, adding to the interior’s established office character.

Key Highlights

  • 10,157‑square‑foot office building with a two‑story layout
  • 18 large private offices and 2 conference rooms
  • Law library, open administrative workspace, breakroom, and reception

Property Analytics

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Current Use

Howell Theodore R Law Firm Barron & Redding P.A. Law Firm Roland W. Kiehn Law Firm Fite John M Law Firm

Suggested Use

Top Pick Dental Office Building Supply Storage Facility Garden Center Restaurant Auto Parts 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.

Lease Details

NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,638
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Panama City, FL

$20.43 /SF/Yr
Avg Asking Price
$15.13–$35.13 /SF/Yr
Price Range
31,814 SF
Avg Space Size

This space is priced 22% above the average of $20.43 /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
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Frequently Asked Questions

What type of property is this?
Office building - Law-office layout includes private rooms, conference space, a library, administrative work areas, and reception.
Where is this office building located?
The property is located at 220 Mckenzie Avenue Panama City, FL.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: 10,157‑square‑foot office building with a two‑story layout; 18 large private offices and 2 conference rooms; Law library, open administrative workspace, breakroom, and reception
More about this property
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