Updated Flex
For Lease
$1,750/Mo
512 Commerce Drive, Panama City Beach, FL 32408
COMMERCIAL - Panama City Beach, FL
Space Size900 SF
Days on Market343
Property Features for 512 Commerce Drive
General Information
Property type
Commercial Lease
Property subtype
Other
Zoning description
Commercial
Subdivision
Mcelvey Commercial Park
Elementary school
Breakfast Point
Middle school
Breakfast Point
High school
Arnold
Directions
From Hathaway Bridge, head West on Hwy 98, then left onto Navy Blvd (Thomas Dr), then right onto McElvey Rd. Corner of McElvey and Commerce
Standard status
Active
APN
27885-005-000
Size
5,200 SF
Taxes and HOA fees
Tax Description
Lot 1, McElvey Commercial Park, according to plat on file in plat book 15. pages 14 and 15 in the Office of the Clerk of the Circuit Court of Bay County, Florida
Legal Description
Lot 1, McElvey Commercial Park, according to plat on file in plat book 15. pages 14 and 15 in the Office of the Clerk of the Circuit Court of Bay County, Florida
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1993
Listing Agency:
Coastal Choice Realty LLC
(850) 215-4160
Listed By:
Ashley Dunnigan · License #3105927
(850) 527-9744
Added: Sep 5, 2025
Changed: Aug 11
Last Checked: Aug 13 at 3:06AM
MLS# 779145
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 flex space combines approximately 900 square feet of heated and cooled office area with one bathroom and an additional warehouse component of approximately 400 square feet. The office area has updated paint and flooring, while the warehouse includes a roll-up door. Central heating and central air conditioning serve the office space.
The property is located at 512 Commerce Drive in Panama City Beach, Florida. Water and sewer service are included; the tenant is responsible for electricity. Constructed in 1993, the property provides a practical combination of office and warehouse areas within one commercial unit.
The property is located at 512 Commerce Drive in Panama City Beach, Florida. Water and sewer service are included; the tenant is responsible for electricity. Constructed in 1993, the property provides a practical combination of office and warehouse areas within one commercial unit.
Key Highlights
- Approximately 900 sq ft of heated and cooled office space
- Additional roughly 400 sq ft warehouse area
- Warehouse includes a roll up door
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
597
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32408, FL
17,479
Population
17,018
Households
1
Avg Household Size
48
Median Age
39%
College-Educated
96%
High-School Grad
8.6 sq mi
ZIP Area
2,032
Density / Sq Mi
$72,322
Median Household Income
$42,749
Median Earnings
$1,453
Median Rent
$352,400
Median Home Value
Market
Lease Benchmarks for Panama City Beach, FL
$12.05 /SF/Yr
Avg Asking Price
$1.88–$30 /SF/Yr
Price Range
25,490 SF
Avg Space Size
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Catered by Carla — 606 Commerce Dr, Panama City Beach, FL 32408
- Nelson's Catering — 606 Commerce Dr b, Panama City Beach, FL 32408
Frequently Asked Questions
What type of property is this?
Flex space - Includes conditioned office space, a bathroom, and an additional warehouse area with roll-up access.
Where is this flex space located?
The property is located at 512 Commerce Drive Panama City Beach, FL.
What is the lease rate?
The lease rate is $1,750/Mo.
What are key features of this property?
This property features: Approximately 900 sq ft of heated and cooled office space; Additional roughly 400 sq ft warehouse area; Warehouse includes a roll up door
