Renovated Office Space For
For Lease
$12 SF/Yr
615 Highway 231, Panama City, FL 32405
Professional office space with flexible layout in high-visibility location.
Space SizeContact for details
Days on Market371
Property Features for 615 Highway 231
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1968
Listing Agency:
NAI TALCOR
(850) 249-2879
Listed By:
TAMMY R HUSTON · License ##SL3513905
Source:
Corcoran
Added: Aug 7, 2025
Changed: Aug 8
Last Checked: Aug 8 at 12:06PM
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 NAI TALCOR
Investment Insights
Based on property information with market context.
This approximately 18,000 square foot professional office space is available for rent. The fully built-out space features a flexible, functional layout that includes a mix of training classrooms, conference rooms, private offices, and open flex space. It is suitable for corporate offices, training centers, government contractors, or medical-adjacent services. The space was renovated in 2019 and benefits from a new roof and HVAC systems. Located within a high-visibility shopping center, the site offers multiple points of ingress and egress from Highway 231, Highway 77, and 19th Street, providing convenient access for staff and clients. The property is surrounded by essential amenities and services and is in proximity to hospitals, retail, and residential neighborhoods, making it well-suited for professional or service-based businesses. Ample on-site parking is available for tenants and visitors. The location offers excellent visibility for business signage and branding. The property is located in one of Panama City's most active commercial corridors.
Key Highlights
- Fully built‑out +/-18,000 SF professional office space with a flexible layout including training classrooms, conference rooms, private offices, and open flex space.
- Renovated in 2019 with a new roof and HVAC systems.
- Located in a high‑visibility shopping center with multiple access points from major highways (Highway 231, Highway 77, and 19th Street).
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,220
Businesses Nearby
Explore this area
Business Placement
Demographics for 32405, FL
28,158
Population
13,585
Households
2.1
Avg Household Size
40
Median Age
29%
College-Educated
92%
High-School Grad
18.8 sq mi
ZIP Area
1,498
Density / Sq Mi
$71,002
Median Household Income
$41,867
Median Earnings
$1,418
Median Rent
$255,100
Median Home Value
Market
Lease Benchmarks for Panama City, FL
$16.89 /SF/Yr
Avg Asking Price
$0.55–$44 /SF/Yr
Price Range
24,745 SF
Avg Space Size
This space is priced 29% below the average of $16.89 /SF/Yr.
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Professional office space with flexible layout in high-visibility location.
Where is this office units located?
The property is located at 615 Highway 231 Panama City, FL.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Fully built‑out +/-18,000 SF professional office space with a flexible layout including training classrooms, conference rooms, private offices, and open flex space.; Renovated in 2019 with a new roof and HVAC systems.; Located in a high‑visibility shopping center with multiple access points from major highways (Highway 231, Highway 77, and 19th Street).
