Downtown Panama City Retail
For Lease
$21 SF/Yr NNN (Triple Net)
550 Harrison Avenue, Panama City, FL 32401
Prime retail space in the heart of Downtown Panama City.
Space SizeContact for details
Days on Market85
Property Features for 550 Harrison Avenue
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1970
Listing Agency:
FIVE BRIDGES REAL ESTATE SERVICES CO. LLC
(850) 913-9133
Listed By:
ANNA N BRANCH
Source:
Corcoran
Added: May 18
Changed: Aug 10
Last Checked: Aug 10 at 4:30AM
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 FIVE BRIDGES REAL ESTATE SERVICES CO. LLC
Investment Insights
Based on property information with market context.
Located at 550 Harrison Avenue in Downtown Panama City, Florida, this retail space offers a prominent storefront on Harrison Avenue. The property, with a size of 2000 square feet, is situated in a high-visibility area surrounded by restaurants, entertainment venues, offices, and new residential developments. The location benefits from substantial pedestrian traffic, consistent vehicle flow, accessible public parking, and ongoing downtown events throughout the year. This space is suitable for various businesses, including boutique retail stores, cafes, galleries, and service-oriented establishments seeking a strong presence in the downtown area. The rental rate is $5.25 per square foot on a NNN basis.
Key Highlights
- Premier retail opportunity in the heart of Downtown Panama City.
- Highly visible storefront directly on Harrison Avenue.
- Surrounded by restaurants, entertainment, offices, and growing residential development.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,679
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Hotels & Casinos 39%
Home Improvements & Furnishings 4%
Hotel Indigo
Hotels & Casinos
6,030 visits/mo
0.5 miles
Dollar General
Shops & Services
3,443 visits/mo
0.0 miles
Family Dollar
Shops & Services
2,704 visits/mo
0.2 miles
Regions Bank
Shops & Services
2,560 visits/mo
0.3 miles
City Electric Supply
Home Improvements & Furnishings
544 visits/mo
0.2 miles
Demographics for 32401, FL
20,487
Population
10,239
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
1,639
Density / Sq Mi
$49,901
Median Household Income
$35,885
Median Earnings
$1,194
Median Rent
$207,000
Median Home Value
Market
Lease Benchmarks for Panama City, FL
$18.86 /SF/Yr
Avg Asking Price
$9.38–$65.72 /SF/Yr
Price Range
18,006 SF
Avg Space Size
This space is priced 11% above the average of $18.86 /SF/Yr.
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Prime retail space in the heart of Downtown Panama City.
Where is this retail space located?
The property is located at 550 Harrison Avenue Panama City, FL.
What is the lease rate?
The lease rate is $21 SF/Yr.
What are key features of this property?
This property features: Premier retail opportunity in the heart of Downtown Panama City.; Highly visible storefront directly on Harrison Avenue.; Surrounded by restaurants, entertainment, offices, and growing residential development.
