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Retail Space Near Highway
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2343 Martin Luther King Jr Blvd, Panama City, FL 32405

Positioned in Panama City at the northwest quadrant of East 23rd Street and Highway 77.

Space Size2,000 SF
Days on Market5

Property Features for 2343 Martin Luther King Jr Blvd

General Information

Standard status Active
Size 2,000 SF
Property subtype RETAIL
Lease Type NNN

Site & Location

Highway Access Yes
Road Access Yes

Spaces For Lease

at 2343 Martin Luther King Jr Blvd
+/-2,000SF For Lease $17/SF/Yr
Size 2,000 SF
Type RETAIL
Lease Type NNN
Availability AVAILABLE
Located in a high traffic area in the Northwest Quadrant of East 23rd Street and Highway 77 in Panama City, FL.
Contact us
Listing Agency: White-Spunner Realty LLC Mobile
Listed By: Crawford Stitt · License #0001357740
Source: Moodyscre
Added: Oct 19 Changed: Oct 21 Last Checked: Oct 23 at 9:42AM

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 White-Spunner Realty LLC Mobile

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Investment Insights

Based on property information with market context.

This 2,000-square-foot retail space is in Panama City, Florida, at the northwest quadrant of East 23rd Street and Highway 77.

Key Highlights

  • 2,000 square feet of retail space
  • At the northwest quadrant of East 23rd Street and Highway 77 in Panama City

Property Analytics

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Current Use

Chow Time Grill ... Restaurant

Suggested Use

Top Pick Auto Parts Store Storage Facility Law Firm HVAC Service (Bike/Boat/Book/etc) Store Grocery & Convenience 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

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.55 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

842
Businesses Nearby
459k
Monthly Visits Nearby

Foot Traffic Nearby

Apparel 29% Dining 19% Superstores 19% Shops & Services 15%
Target Superstores
85,451 visits/mo 0.1 miles
The Home Depot Home Improvements & Furnishings
43,377 visits/mo 0.2 miles
Kohl's Apparel
35,551 visits/mo 0.2 miles
Ross Dress for Less Apparel
29,775 visits/mo 0.2 miles
Best Buy Electronics
28,474 visits/mo 0.4 miles

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
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

$20.35 /SF/Yr
Avg Asking Price
$7.31–$65.72 /SF/Yr
Price Range
27,607 SF
Avg Space Size

This space is priced 16% below the average of $20.35 /SF/Yr.

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Positioned in Panama City at the northwest quadrant of East 23rd Street and Highway 77.
Where is this retail space located?
The property is located at 2343 Martin Luther King Jr Blvd Panama City, FL.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: 2,000 square feet of retail space; At the northwest quadrant of East 23rd Street and Highway 77 in Panama City
(251) 295-1328 Call to check price and availability
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