New Medical Office
For Lease
$28 SF/Yr
2402 State Avenue, Panama City, FL 32405
Build-to-suit suites support medical, professional office, wellness, and specialty practice users.
Space Size1,310 SF - 11,763 SF
Property Size24,016 SF
Days on Market623
Property Features for 2402 State Avenue
General Information
Standard status
Active
Size
1,310 SF - 11,763 SF
Net Rentable
1,310 SF
Class
A
Property subtype
Commercial
Lease Type
NNN
Space & Availability
Available Space
1,310-11,763 SF
Contiguous Space
11,763 SF
Space Use
Medical Office
Condition
Built-to-Suit
Sublease
No
Available From
2026
Lease Terms
Lease Rate
$28 /USD/SF/YR
Monthly Rent
$3,056-$27,447
Rent per SF/Year
$28
Site & Location
Anchor Co-Tenants
Target, The Home Depot, Lowe's, Walmart, Publix
Traffic Count
34,500 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2026
Building Size
24,016 SF
Tenancy
Multi
Parking Ratio
5 per 1,000 SF
Listing Agency:
NAI TALCOR
(850) 249-2879
Listed By:
PATRICK E JONES
Source:
Corcoran
Added: Dec 22, 2024
Changed: Sep 5
Last Checked: Sep 5 at 3:00PM
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 NAI TALCOR
Investment Insights
Based on property information with market context.
Gulf Coast Plaza offers newly constructed medical office space delivered in 2026 at 2402 State Avenue in Panama City. Approximately 24,016 square feet is available across five build-to-suit suites, with options ranging from 1,310 to 11,763 square feet. Configurations include ground-floor medical, office, and retail space; a high-ceiling, open-plan suite suited to fitness, recreation, medical, or flex retail uses; and second-floor suites for administrative, professional, specialty, and multi-tenant office applications. The property has a 5:1,000 parking ratio.
The site is one block from HCA Florida Gulf Coast Hospital and fronts the 23rd Street retail corridor, which carries approximately 34,500 vehicles per day. Target, The Home Depot, Lowe's, Walmart, and Publix are identified alongside the property. Regional connections include Harrison Avenue, Hwy 98, and Hwy 231. Available suites include approximately 3,061 SF, 11,763 SF, 1,316 SF, 6,566 SF, and 1,310 SF.
The site is one block from HCA Florida Gulf Coast Hospital and fronts the 23rd Street retail corridor, which carries approximately 34,500 vehicles per day. Target, The Home Depot, Lowe's, Walmart, and Publix are identified alongside the property. Regional connections include Harrison Avenue, Hwy 98, and Hwy 231. Available suites include approximately 3,061 SF, 11,763 SF, 1,316 SF, 6,566 SF, and 1,310 SF.
Key Highlights
- New construction delivered in 2026
- Approximately 24,016 SF available across five build‑to‑suit suites
- One block from HCA Florida Gulf Coast Hospital
Property Analytics
Property Profile
Current Use
Lease Details
34,500 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$4.20 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,456
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Market
Lease Benchmarks for Panama City, FL
$19.27 /SF/Yr
Avg Asking Price
$15.13–$25 /SF/Yr
Price Range
3,600 SF
Avg Space Size
This space is priced 45% above the average of $19.27 /SF/Yr.
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Build-to-suit suites support medical, professional office, wellness, and specialty practice users.
Where is this medical office space located?
The property is located at 2402 State Avenue Panama City, FL.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: New construction delivered in 2026; Approximately 24,016 SF available across five build‑to‑suit suites; One block from HCA Florida Gulf Coast Hospital
