For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    High-Spec Flex Industrial Complex Title is generated by Realmo AI

    2532 Joan Avenue, Panama City, FL 32408

    View on Map
    Claim this Listing
    For Sale
    $2,500,000

    9,000 SF flex industrial complex with vertical expansion potential.

    Type:Commercial
    Property size:
    9,000 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $277/SF
    Added:
    Oct 16, 2025
    Days on Market:
    232
    Last Refresh:
    May 11 at 12:10 am

    Property Features for 2532 Joan Avenue

    General Information

    Standard status
    Active
    Size
    9,000 SF
    Lot size
    1.00 Acre
    Property subtype
    Commercial

    Building Details

    Year Built
    2022

    We can help!

    Listing Contact
    TRENA KENDRICK

    Listing agent TRENA KENDRICK

    Listing office CENTURY 21 RYAN REALTY INC

    Listing date Oct 16, 2025

    Source Corcoran

    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 CENTURY 21 RYAN REALTY INC

    HighLights

    • High‑growth location in a prime commercial corridor, neighboring property sale at $15.4M.
    • Significant vertical expansion potential with a rare 100‑foot height allowance.
    • Turnkey 6‑unit investment configuration with a low‑cost path to completion (estimated $10,000-$12,000 investment).
    • Industrial utility with 53‑foot trailer access and six 12x14 grade‑level roll‑up doors.
    • Financial advantages of Unincorporated Bay County location: lower property taxes and fewer municipal restrictions.
    • Engineered for safety and profit: finished floor elevation exceeds base flood elevation.

    Overview

    This 9,000 SF commercial complex, built in 2022, is situated on a 0.998-acre lot on Joan Avenue. The property features 100 feet of street frontage and a 435-foot lot depth. Constructed to withstand 140 MPH winds, the facility has a 100-foot height allowance, allowing for future vertical expansion. The building is configured as a 6-unit investment opportunity, optimized for flex use. The layout includes two executive offices, a conference room, and a public bathroom in the first section. The property can be easily converted into a 6-unit complex with the addition of two walls and four bathrooms. Plumbing stubs are already in place for the remaining bathrooms. Loading is facilitated by six 12 x 14 grade-level roll-up doors, and the property is designed to accommodate a 53-foot trailer. The facility has an 8% office to 92% warehouse space ratio, with interior clear heights ranging from 13'7'' to 16'11''. It is equipped with a 6-gang electrical meter bank and 600 Amp single-phase power, providing dedicated service points for each unit. The front office has 200 amp service. Located in Unincorporated Bay County, the property benefits from lower property tax rates. Standard county setbacks apply, offering buildable flexibility. The finished floor elevation is set at 12.75', providing 1 foot 9 inches of clearance above the base flood elevation of 11.0'.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Law Firm Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Corams On The Road 8503 Thomas Dr, Panama City, FL 32408
    • Liza's Kitchen 7328 S Thomas Dr Suite L, Panama City Beach, FL 32408

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.756
    Latitude
    30.1593

    FAQs

    What type of property is this?
    Flex space - 9,000 SF flex industrial complex with vertical expansion potential.
    Where is this flex space located?
    The property is located at 2532 Joan Avenue Panama City, FL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: High‑growth location in a prime commercial corridor, neighboring property sale at $15.4M.; Significant vertical expansion potential with a rare 100‑foot height allowance.; Turnkey 6‑unit investment configuration with a low‑cost path to completion (estimated $10,000-$12,000 investment).
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message