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Office Suite in First-Class Building
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5620 Cherry Street Suite C, Panama City, FL 32404

Vanilla shell office suite available for tenant buildout in a first-class office building off Cherry St. and Hwy 98.

Space Size2,000 SF
Days on Market157

Property Features for 5620 Cherry Street Suite C

General Information

Standard status Active
Size 2,000 SF
Property subtype Office

Additional Details

Highway Access Yes

Building Details

Year Built 1986
Tenancy Single

Spaces For Lease

at 5620 Cherry Street Suite C Contact us

Suite C

Size
2,000 SF
Type
Office
Availability
Active
Contact us
Listing Agency: ERA Neubauer Real Estate
Listed By: Brian Hinton · License #3066285
Source: Crexi
Added: Apr 3 Changed: Sep 2 Last Checked: Sep 5 at 9:14PM

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 ERA Neubauer Real Estate

Investment Insights

Based on property information with market context.

This is a vanilla shell office suite within a first-class office building, offering a blank interior for a tenant to design and finish for their business. The space is presented as newly finished office space once the tenant’s interior plans are completed.

The suite is located just off the intersection of Cherry St. and Hwy 98, providing convenient access to the surrounding area.

Suite C is being offered for rent, with the buildout process coordinated by the tenant as part of the interior design and finishing plan.

Key Highlights

  • Office suite in a first‑class office building for tenant buildout (vanilla shell).
  • Year built: 1986.
  • Location just off the intersection of Cherry St. and Hwy 98.

Property Analytics

Current Use

Vital Care of Panama ... Pharmacy Greco Jessica MD Physician Dr. Ducthanh Vu Physician First Choice Physical ... Physician PHCS Sleep Therapy ... Production Facility

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Dental Office 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
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

391
Businesses Nearby

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

Market

Lease Benchmarks for Panama City, FL

$18.32 /SF/Yr
Avg Asking Price
$7–$44.22 /SF/Yr
Price Range
27,527 SF
Avg Space Size

This space is priced 18% below the average of $18.32 /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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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Vanilla shell office suite available for tenant buildout in a first-class office building off Cherry St. and Hwy 98.
Where is this office units located?
The property is located at 5620 Cherry Street Suite C Panama City, FL.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Office suite in a first‑class office building for tenant buildout (vanilla shell).; Year built: 1986.; Location just off the intersection of Cherry St. and Hwy 98.
(850) 527-6393 Call to check price and availability
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