Remodeled Mixed-Use
For Lease
$3,500/Mo
5045 E Highway 98, Panama City, FL 32404
CommercialLease, Panama City, FL
Space SizeContact for details
Days on Market195
Property Features for 5045 E Highway 98
General Information
Property type
Commercial Lease
Property subtype
Other
Subdivision
W H Parker
Elementary school
Parker
Middle school
Rosenwald
High school
Rutherford
Directions
Located on North side of Business 98.
Standard status
Active
APN
25249-070-000
Size
1,800 SF
Taxes and HOA fees
Tax Description
W H PARKER PLAT-(2.95) BEG 25'S & 330'W & 507'S OF NE COR LOT 27 TH S 90' E 135' N 90' W 135' TO POB ORB 4621 P 2059
Legal Description
W H PARKER PLAT-(2.95) BEG 25'S & 330'W & 507'S OF NE COR LOT 27 TH S 90' E 135' N 90' W 135' TO POB ORB 4621 P 2059
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Amenities
brick dual sided fireplace
newly refinished wood floors
high ceilings
new kitchen
granite counter-tops
stainless appliances
front covered porch
large covered rear porch
fully fenced yard
Building Details
Year built
1930
Flooring type
Hardwood
Building materials
Frame
Roof type
Shingle
Listing Agency:
Keller Williams Success Realty · Keller Williams Realty
(850) 249-0313
Listed By:
Dennis Nelson · License #BK3379289
(850) 348-8262
Added: Mar 12
Changed: Aug 28
Last Checked: Sep 22 at 3:06PM
MLS# 786758
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.
This 1,800-square-foot mixed-use property combines a remodeled interior with adaptable rooms suited to office or live-work use. The layout includes five bedrooms or offices, an open central area, a reception or waiting area, and a presentation or display room. A newer kitchen features granite countertops and stainless appliances, while hardwood flooring, high ceilings, and a brick dual-sided fireplace retain distinctive character. Central air, public sewer, and a shingle roof support the existing improvements.
The property includes a covered front porch, a large covered rear porch, and a fully fenced, high-and-dry yard. The site offers room for additional structures, equipment, storage, or parking. Mixed-use zoning supports commercial and live-work possibilities. The property is near major highways, Tyndall Air Force Base, and downtown Panama City, with the address situated at 5045 E Highway 98.
The property includes a covered front porch, a large covered rear porch, and a fully fenced, high-and-dry yard. The site offers room for additional structures, equipment, storage, or parking. Mixed-use zoning supports commercial and live-work possibilities. The property is near major highways, Tyndall Air Force Base, and downtown Panama City, with the address situated at 5045 E Highway 98.
Key Highlights
- 1,800 SF mixed‑use property with five bedrooms or offices
- Mixed‑use zoning supports commercial and live‑work use
- Remodeled interior with granite kitchen counters and stainless appliances
Property Analytics
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Current Use
Lease Details
Yes
Highway access
NNN (Triple Net)
Lease Type
$3.50 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Explore this area
Business Placement
Demographics for 32404, FL
38,186
Population
18,053
Households
2.1
Avg Household Size
40
Median Age
21%
College-Educated
87%
High-School Grad
135.1 sq mi
ZIP Area
283
Density / Sq Mi
$72,208
Median Household Income
$38,701
Median Earnings
$1,355
Median Rent
$239,700
Median Home Value
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Market
Lease Benchmarks for Panama City, FL
$21.02 /SF/Yr
Avg Asking Price
$9.63–$35.13 /SF/Yr
Price Range
11,450 SF
Avg Space Size
This space is priced 11% above the average of $21.02 /SF/Yr.
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible interior supports office, live-work, reception, presentation, and customer-facing uses.
Where is this mixed-use property located?
The property is located at 5045 E Highway 98 Panama City, FL.
What is the lease rate?
The lease rate is $3,500/Mo.
What are key features of this property?
This property features: 1,800 SF mixed‑use property with five bedrooms or offices; Mixed‑use zoning supports commercial and live‑work use; Remodeled interior with granite kitchen counters and stainless appliances
