Three-Building Flex and Industrial
2901 W 17th Street, Panama City, FL 32405
COMMERCIAL - Panama City, FL
Property size:
9,050 SFLot size:
0.92 AcresPrice / SF:
$165/SF- Added:
- Apr 18, 2026
- Days on Market:
- 46
- Last Refresh:
- Jun 2 at 10:06 pm
Property Features for 2901 W 17th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 28951-000-000
- Size
- 9,050 SF
- Lot size
- 0.92 Acres
Taxes and HOA fees
- Tax Description
- 36 3S 15W E1/2 OF SW1/4 LOTS 17,18 & LOTS 1,2 & 3 MAP79D4 BLK 17 ORB 4206 P 157
Utilities
- Sewer type
- Public Sewer
Building Details
- Year built
- 1950
- Floors in Building
- 1
Listing agent Will Pender License #sl3381749 (850) 358-3610
Listing office Keller Williams Success Realty 7923 Panama City Beach Pkwy, Panama City Beach, FL (850) 249-0313
Listing date Apr 18, 2026
MLS# 788783
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Over 9,000 sq ft of heated and cooled space across three buildings
- Three‑building setup allows for multiple divisions or potential rental income
- Multiple private offices, conference rooms, and adaptable workspace
- Abundant on‑site parking plus a gated storage yard
- Detached outbuilding for storage, workshop, or support operations
- Accessible approach with ramp; public sewer; located in the St. Andrews area, Panama City with Panama City Beach less than 7 miles away
Overview
This three-building flex and industrial campus totals 9,000+ square feet of heated and cooled space, providing a practical mix of office and adaptable work areas. The interior includes multiple private offices and conference rooms, supporting professional services, contractor operations, or corporate-style work. Beyond the main spaces, the property includes a detached outbuilding that can function as storage, a workshop, or support space, plus a gated storage yard designed for secure placement of equipment, materials, or vehicles.
The site is positioned in the St. Andrews area of Panama City, placing it just minutes from the heart of the district. The property also benefits from abundant on-site parking, helping accommodate staff, clients, and fleet needs. Panama City Beach is less than 7 miles away, adding to the property’s appeal within a thriving coastal market.
For buyers or operators, the three-building configuration offers flexibility to run multiple divisions under one ownership or potentially generate rental income from separate spaces. The combination of office-ready improvements, secure outdoor storage, and parking for larger vehicle requirements makes the campus a strong match for businesses that need both professional work space and space to support ongoing field and equipment operations.
The site is positioned in the St. Andrews area of Panama City, placing it just minutes from the heart of the district. The property also benefits from abundant on-site parking, helping accommodate staff, clients, and fleet needs. Panama City Beach is less than 7 miles away, adding to the property’s appeal within a thriving coastal market.
For buyers or operators, the three-building configuration offers flexibility to run multiple divisions under one ownership or potentially generate rental income from separate spaces. The combination of office-ready improvements, secure outdoor storage, and parking for larger vehicle requirements makes the campus a strong match for businesses that need both professional work space and space to support ongoing field and equipment operations.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $190.1k | $21.00 |
| − Vacancy | −$38.0k | −$4.20 |
| EGI | $152.0k | $16.80 |
| − OpEx | −$38.0k | −$4.20 |
| NOI | $114.0k | $12.60 |
9,050 SF · lease $21.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.63M
$1.43M – $1.90M
NOI $114,030 @ 7.0% cap · market cap 7.60%
Second Best
Flex RnD
$1.21M
$1.06M – $1.41M
NOI $84,426 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,316 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Habitat for Humanity of Bay ...
Charitable Organization
Similar Places Nearby
- The Shrimp Boat — 1201 Beck Ave, Panama City, FL 32401
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Walton
- State
- Florida
- Longitude
- -85.70088
- Latitude
- 30.178745
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - A 9,000+ SF heated, multi-office flex campus with gated storage, abundant parking, and room to scale for growing operations.
Where is this flex space located?
The property is located at 2901 W 17th Street Panama City, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Over 9,000 sq ft of heated and cooled space across three buildings; Three‑building setup allows for multiple divisions or potential rental income; Multiple private offices, conference rooms, and adaptable workspace
