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231 E Beach Dr, Panama City, FL 32401

Small-format office suites in a landmark waterfront setting.

Space Size746 SF - 1,367 SF
Property Size2,859 SF
Days on Market146

Property Features for 231 E Beach Dr

General Information

Standard status Active
Size 746 SF - 1,367 SF
Class B
Property subtype Office
Lease Type Gross

Building Details

Building Size 2,859 SF
Year Built 1935
Tenancy Multiple

Spaces For Lease

at 231 E Beach Dr Contact us

231 E Beach Drive

Size
1,367 SF
Type
Office
Lease Type
Gross
Availability
Active
Contact us

233 E Beach Drive

Size
746 SF
Type
Office
Lease Type
Gross
Availability
Active
Contact us

235 E Beach Drive

Size
746 SF
Type
Office
Lease Type
Gross
Availability
Active
Contact us
Listing Agency: Wattenbarger Commercial
Listed By: Kevin Wattenbarger, CCIM · License #FLBK3137983
Source: Crexi
Added: Mar 20 Changed: Aug 11 Last Checked: Aug 10 at 3:36AM

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.

This property offers the opportunity to lease small-format waterfront office suites in a landmark setting along Massalina Bayou. Located at the foot of the Tarpon Dock Drawbridge, the property is two blocks from Harrison Avenue in Downtown Panama City and adjacent to the historic Cove neighborhood. This three-suite office building is suitable for professional service providers, creative firms, boutique consultants, and marine-related businesses seeking an accessible, visible, and walkable downtown location with direct waterfront appeal. Each suite is independently metered and leased separately, allowing occupiers to secure right-sized space with predictable occupancy costs and minimal overhead. The gross lease structure includes all base operating expenses.

Key Highlights

  • Waterfront office suites on Massalina Bayou.
  • Prime downtown Panama City location, two blocks from Harrison Avenue.
  • Suites are independently metered with gross leases including operating expenses.

Property Analytics

Current Use

L&C Artistry, LLC Training Center Reputation ATX Advertising Agency

Suggested Use

Top Pick Dental Office Building Supply Storage Facility Restaurant Auto Repair Shop Garden Center

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

Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

1,092
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

Market

Lease Benchmarks for Panama City, FL

$16.89 /SF/Yr
Avg Asking Price
$0.55–$44 /SF/Yr
Price Range
24,745 SF
Avg Space Size

This space is priced 48% above the average of $16.89 /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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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Small-format office suites in a landmark waterfront setting.
Where is this office units located?
The property is located at 231 E Beach Dr 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: Waterfront office suites on Massalina Bayou.; Prime downtown Panama City location, two blocks from Harrison Avenue.; Suites are independently metered with gross leases including operating expenses.
More about this property
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