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Downtown Office Space For Rent
For Lease
$2,850/Mo

231 E Beach Drive #231, Panama City, FL 32401

Spacious downtown office with bayou views and convenient amenities.

Space SizeContact for details
Days on Market185

Property Features for 231 E Beach Drive #231

General Information

Standard status Active
Property subtype Commercial

Building Details

Year Built 1935
Listing Agency: FIVE BRIDGES REAL ESTATE SERVICES CO. LLC
Listed By: KEVIN WATTENBARGER · License ##BK3424407
Source: Corcoran
Added: Feb 9 Changed: Aug 8 Last Checked: Aug 8 at 6:17AM

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 FIVE BRIDGES REAL ESTATE SERVICES CO. LLC

Investment Insights

Based on property information with market context.

This office space, located just two blocks from the new Hotel Indigo, features an open floor plan suitable for a showroom, conference area, or multiple offices. The back office includes a large en suite kitchenette and restroom for private use. The entire space has been freshly painted and includes paved parking, air conditioning, and separately metered electricity. The property offers a view of Massalina Bayou, providing opportunities for strolls along the docks. The property size is 4309 square feet and is located at 231 E Beach Drive #231, Panama City, FL 32401. This office is intended for commercial use.

Key Highlights

  • Convenient downtown location, two blocks from the new Hotel Indigo.
  • Flexible open floor plan suitable for showroom, conference area, or multiple offices.
  • Private back office with en suite kitchenette and restroom.

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

NNN (Triple Net)
Lease Type
$1.19 /SF/Yr
CAM

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 53% below 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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Frequently Asked Questions

What type of property is this?
Office units - Spacious downtown office with bayou views and convenient amenities.
Where is this office units located?
The property is located at 231 E Beach Drive #231 Panama City, FL.
What is the lease rate?
The lease rate is $2,850/Mo.
What are key features of this property?
This property features: Convenient downtown location, two blocks from the new Hotel Indigo.; Flexible open floor plan suitable for showroom, conference area, or multiple offices.; Private back office with en suite kitchenette and restroom.
More about this property
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