Panama City Commercial Facility

5409 Hickory Street, Panama City, FL 32404

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For Sale

$789,000

5,000 SF commercial facility in high-traffic Panama City location.

Type:Commercial

Property size:

5,000 SF

Lot size:

0.32 Acres

Price / SF:

$157/SF

HighLights

High‑traffic location off Tyndall Parkway with outstanding visibility and accessibility.
5,000 sq ft heated and cooled commercial facility suitable for various business types.
Flexible interior layout with open activity areas, reception, office, retail/display space, and storage.
Located in a rapidly growing area surrounded by established businesses, restaurants, and residential communities.
Move‑in ready with immediate availability for occupancy.
Suitable for childcare, fitness, retail/office conversion, school or church.

We can help!

Listing Contact

TEAM DON AND BUBBA

For Sale

$789,000

5,000 SF commercial facility in high-traffic Panama City location.

Type:Commercial

Property size:

5,000 SF

Lot size:

0.32 Acres

Price / SF:

$157/SF

Added:: Mar 25, 2026
Days on Market:: 77
Last Refresh:: Mar 25 at 8:13 pm

Property Features for 5409 Hickory Street

General Information

Standard status: Active
Size: 5,000 SF
Lot size: 0.32 Acres
Property subtype: Commercial

Building Details

Year Built: 1978

We can help!

Listing Contact

TEAM DON AND BUBBA

Listing agent TEAM DON AND BUBBA

Listing office EXP REALTY LLC

Listing date Mar 25, 2026

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 EXP REALTY LLC

HighLights

High‑traffic location off Tyndall Parkway with outstanding visibility and accessibility.
5,000 sq ft heated and cooled commercial facility suitable for various business types.
Flexible interior layout with open activity areas, reception, office, retail/display space, and storage.
Located in a rapidly growing area surrounded by established businesses, restaurants, and residential communities.
Move‑in ready with immediate availability for occupancy.
Suitable for childcare, fitness, retail/office conversion, school or church.

Overview

This 5,000 square foot heated and cooled commercial facility is positioned just off Tyndall Parkway, one of Panama City's highest-traffic corridors. The location offers visibility and accessibility in a rapidly growing area on the East side of town. It is surrounded by established businesses, popular restaurants, and dense residential communities, providing consistent traffic and strong exposure. The interior is thoughtfully laid out to support a variety of uses, featuring three large open activity areas, a front reception space, private office, retail or display area, and dedicated storage. There is a playground on site, and school or church uses are possible. The design allows for efficient flow and functionality, making it adaptable to different operational needs. This property offers flexibility for multiple business types, including childcare, fitness or training facilities, or a retail or office conversion. With its open layout and existing infrastructure, the space can be tailored to fit a wide range of business models without significant reconfiguration. The commercial space is move-in ready and available for immediate occupancy in a high-demand location with strong surrounding growth and daily traffic flow.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$105.0k	$21.00
− Vacancy	−$21.0k	−$4.20
EGI	$84.0k	$16.80
− OpEx	−$21.0k	−$4.20
NOI	$63.0k	$12.60

5,000 SF · lease $21.00/SF/yr · vacancy 20.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$900.0K

$787.5K – $1.05M (±1% cap)

NOI $63,000 @ 7.0% cap · market cap 7.98%

Second Best

Retail

$823.5K

$720.6K – $960.8K (±1% cap)

NOI $57,645 @ 7.0% cap · market cap 7.31%

Theoretical Best

Office A

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $88,020 @ 7.0% cap · market cap 11.16%

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

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Panama City
County: Walton
State: Florida
Longitude: -85.5933838
Latitude: 30.1387649

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For sale
Retail space
FL
Panama City
32404
5409 Hickory Street

What type of property is this?

Retail space - 5,000 SF commercial facility in high-traffic Panama City location.

Where is this retail space located?

The property is located at 5409 Hickory Street Panama City, FL.

What is the asking price?

The asking price for this property is $789,000.

What are key features of this property?

This property features: High‑traffic location off Tyndall Parkway with outstanding visibility and accessibility.; 5,000 sq ft heated and cooled commercial facility suitable for various business types.; Flexible interior layout with open activity areas, reception, office, retail/display space, and storage.