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Waterfront Office Units
For Lease
$21 SF/Yr

600-430 W 5th St, Panama City, FL 32401

Recently upgraded two-story office space with private work areas, training rooms, and shared waterfront outdoor space.

Space Size13,999 SF
Days on Market21

Property Features for 600-430 W 5th St

General Information

Standard status Active
Size 13,999 SF
Net Rentable 13,999 SF
Class A

Space & Availability

Available Space 13,999 SF
Contiguous Space 13,999 SF
Space Use Office
Furnished No

Amenities

large kitchen/breakroom/gameroom
nursing mom's room
bayside common area porch
secured parking with lights and auto gates

Building Details

Year Renovated 2020
Listing Agency: Bluewater Commercial LLC
Listed By: Chris Hine · License #3073035
Source: Exprealty
Added: Aug 4 Changed: Aug 20 Last Checked: Aug 23 at 6:43AM

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 Bluewater Commercial LLC

Investment Insights

Based on property information with market context.

This 13,999-square-foot Class A office property provides a two-story layout with an open mezzanine and a broad mix of work and support areas. The interior was comprehensively renovated in 2020, including a new HVAC system and a replacement roof with R-30 insulation. Private offices, training rooms, a large kitchen and breakroom, a game room, and a dedicated nursing room are incorporated into the configuration.

Waterfront amenities include a bayside common-area porch. The property also offers secured parking with lighting and automatic gates. Furniture installed by the previous tenant may be purchased separately, providing an optional path for a furnished office setup.

Key Highlights

  • 13,999 SF Class A waterfront office property
  • Comprehensively renovated in 2020 with new interior finishes and HVAC
  • New roof with R‑30 insulation

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Restaurant Bakery Gym & Fitness Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store

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

NNN (Triple Net)
Lease Type
$3.15 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

255
Businesses Nearby

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

$17.58 /SF/Yr
Avg Asking Price
$5.87–$44 /SF/Yr
Price Range
27,686 SF
Avg Space Size

This space is priced 19% above the average of $17.58 /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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Recently upgraded two-story office space with private work areas, training rooms, and shared waterfront outdoor space.
Where is this office units located?
The property is located at 600-430 W 5th St 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: 13,999 SF Class A waterfront office property; Comprehensively renovated in 2020 with new interior finishes and HVAC; New roof with R‑30 insulation
More about this property
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