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Anchored Retail Shopping Center

724-840 W 23rd Street, Panama City, FL 32405

For Lease
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Academy Sports leads a tenant mix that also includes restaurants, specialty food, and discount retail.

Space Size1,400 SF
Days on Market9

Property Features for 724-840 W 23rd Street

General Information

Standard status Active
Size 1,400 SF
Property subtype Retail

Spaces For Lease

at 724-840 W 23rd Street
#838 Active
Size 1,400 SF
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Listing Agency: Brixmor Property Group
Listed By: Mariah Klein
Source: Crexi
Added: Nov 3 Changed: Nov 8 Last Checked: Nov 10 at 6:56AM

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 Brixmor Property Group

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Investment Insights

Based on property information with market context.

Stanford Station is a shopping center anchored by Academy Sports. Its tenant mix also includes Donato's Pizza, Sweet Frog, and Dollar General, with Chick-fil-A and Pep Boys in NAP outparcels. Placer's 2025 estimate places the center's foot traffic among the top 3% of strip and convenience centers in Florida.

The property is on West 23rd Street in Panama City, where reported vehicle traffic exceeds 31,000 per day. It is adjacent to two Brixmor shopping centers: 23rd Street Plaza, anchored by Publix, and Panama City Square, whose anchors include Walmart Super Center, T.J. Maxx, and HomeGoods.

Key Highlights

  • Academy Sports anchors the center; other tenants include Donato's Pizza, Sweet Frog, and Dollar General
  • Chick‑fil‑A and Pep Boys occupy NAP outparcels
  • Placer's 2025 estimate ranks foot traffic in the top 3% of Florida strip and convenience centers

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Building Supply Garden Center Kitchen & Bath Showroom Parking Lot & Garage Food Market Auto Parts 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

Location Intelligence

Trade Area within ½ mile

1,562
Businesses Nearby
604k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 28% Apparel 18% Superstores 17% Shops & Services 14%
Walmart Superstores
83,113 visits/mo 0.2 miles
Academy Sports + Outdoors Apparel
51,895 visits/mo 0.2 miles
Publix Groceries
43,718 visits/mo 0.1 miles
T.J. Maxx Apparel
40,690 visits/mo 0.2 miles
HomeGoods Home Improvements & Furnishings
33,961 visits/mo 0.2 miles

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

$19.56 /SF/Yr
Avg Asking Price
$12–$24 /SF/Yr
Price Range
48,217 SF
Avg Space Size

Average Price Trend$/SF/Yr for Shopping centers in Panama City, FL

$20.63 Jul
$20.25 Aug
$19.03 Sep
$19.56 Oct

Properties on Market for Shopping centers in Panama City

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Similar Off Market Nearby

  • Panama City Square — 535 W 23rd St, Panama City, FL 32405
  • Florida MV Express Kiosk — 650 W 23rd St, Panama City, FL 32405
  • 23rd Street Station — 650 W 23rd St, Panama City, FL 32405

Frequently Asked Questions

What type of property is this?
Shopping center - Academy Sports leads a tenant mix that also includes restaurants, specialty food, and discount retail.
Where is this shopping center located?
The property is located at 724-840 W 23rd Street Panama City, FL.
What are key features of this property?
This property features: Academy Sports anchors the center; other tenants include Donato's Pizza, Sweet Frog, and Dollar General; Chick‑fil‑A and Pep Boys occupy NAP outparcels; Placer's 2025 estimate ranks foot traffic in the top 3% of Florida strip and convenience centers
(770) 360-8448 Call to check price and availability
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