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Office Space with Warm-Shell & Built-Out Areas
For Lease
$18 SF/Yr NNN

3109 Minnesota Avenue, Panama City, FL 32405

COMMERCIAL - Panama City, FL

Space Size3,000 SF - 103,000 SF
Days on Market971

Property Features for 3109 Minnesota Avenue

General Information

Property type Commercial Lease
Property subtype Office
Zoning description Commercial, City
Exterior features Columns, RainGutters
Accessibility Accessible Elevator Installed, Accessible Approach with Ramp
Subdivision [No Recorded Subdiv]
Elementary school Hiland Park
Middle school Mowat
High school Mosley
Directions Highway 77 North to East on Baldwin Road. Then, first left (North) on Minnesota Avenue. The Tyndall Federal Credit Union OPERATIONS CENTER is +/- one block north, adjacent to Haney Vocational Training Center and south of Mosley High School.
Standard status Active
APN 11818-000-000
Size 106,094 SF

Taxes and HOA fees

Tax Description 21 3S 14W -24- 103C ST AND BAY DEV CO PLAT LOTS 115 & 126 ORB 1450 P 866
Legal Description 21 3S 14W -24- 103C ST AND BAY DEV CO PLAT LOTS 115 & 126 ORB 1450 P 866

Utilities

Sewer type Public Sewer

Building Details

Year built 1995
Floors in Building 2
Number of units 1
Flooring type Concrete
Building materials SteelFrame, Stucco
Roof type Membrane
Listing Agency: Counts Real Estate Group Inc
Listed By: Chris S McCall · License #0666647
Added: Jan 1, 2024 Changed: Aug 4 Last Checked: Aug 29 at 8:06PM
MLS# 751155

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.

Investment Insights

Based on property information with market context.

Office units available in a Class “A” office building with a mix of built-out and warm-shell space. The north-half of the first floor includes built-out area ranging from 3,000 to 8,000 square feet and may support available work stations for the tenant’s use. The south half of the first floor and the second floor are unfinished warm-shell condition, and the landlord will complete improvements to suit for long-term credit tenants. The first-floor shell space totals 12,000 square feet and the second-floor shell space totals 15,000 square feet.

The property is located near the intersection of Highway 77 and Baldwin Ave, adjacent to and north of Haney Vocational Training School. This office building has steel-frame construction with stucco exterior, concrete flooring, and a membrane roof. Accessibility features include an accessible elevator installed and an accessible approach with ramp.

Additional site and building features include columns and rain gutters, with public sewer service. Lease structure is NNN plus operating expenses and sales tax.

Key Highlights

  • Building provides 106,094 SF of office units, with 3,000 to 103,000 SF available
  • North‑half of 1st floor offers 3,000 to 8,000 SF built‑out for immediate occupancy
  • South half of 1st floor plus 2nd floor delivered warm‑shell; landlord will finish‑to‑suit

Property Analytics

Current Use

Bay County Vet ... Community Center Tyndall Federal Credit ... Credit Union Rebuild Florida Center ... Government Economic Program Covenant Care - Panama ... Home Health Care Service Movable City Solar ... Production Facility

Suggested Use

Top Pick Dental Office Restaurant Building Supply Law Firm Big Box & Wholesale Store Hair Salon

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
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

318
Businesses Nearby

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

$17.68 /SF/Yr
Avg Asking Price
$5.87–$44 /SF/Yr
Price Range
27,088 SF
Avg Space Size

This space is priced 2% above the average of $17.68 /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 - First-floor space is built out for immediate occupancy, with additional warm-shell office areas available for finish-to-suit.
Where is this office units located?
The property is located at 3109 Minnesota Avenue Panama City, FL.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Building provides 106,094 SF of office units, with 3,000 to 103,000 SF available; North‑half of 1st floor offers 3,000 to 8,000 SF built‑out for immediate occupancy; South half of 1st floor plus 2nd floor delivered warm‑shell; landlord will finish‑to‑suit
More about this property
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