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Historic Panama City Mixed-Use Property
For Sale
$775,000

854 Magnolia Avenue, Panama City, FL 32401

Custom property on a large lot in historic Panama City.

Property Size1,708 SF
Lot Size0.64 Acres
Price / SF$453.75
Days on Market153

Property Features for 854 Magnolia Avenue

General Information

Standard status Active
Size 1,708 SF
Lot size 0.64 Acres
Property subtype Commercial

Amenities

Central Heating
Electric Heating
Hardwood Flooring
Shingle Roof

Building Details

Year Built 1938
Listing Agency: KELLER WILLIAMS SUCCESS REALTY
Listed By: DENNIS NELSON · License #SL3379289
Source: Corcoran
Added: Mar 13 Changed: Aug 8 Last Checked: Aug 8 at 2:36PM

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 KELLER WILLIAMS SUCCESS REALTY

Investment Insights

Based on property information with market context.

This custom property is located on a 0.636-acre lot in historic Panama City. The mixed-use zoning allows for multiple commercial uses, including offices, and the property has multiple entrances suitable for several tenants. The property features newly refinished wood floors and new interior tongue and groove pine walls, with cathedral ceilings. Two large suites each include gas fireplaces, walk-in closets, and custom bathrooms with tiled showers, and each has a private entrance. An additional room has access to a third bathroom located off the new kitchen. The open living area includes sleek quartz countertops, high-end kitchen cabinetry, new stainless appliances, and under-cabinet lighting. A living area upon entry can serve as a waiting room, reception area, display, or presentation room. Modern amenities include built-in deluxe speakers, security, and Nest systems. There is room for additional structures, accessory dwelling units, equipment, storage, or additional parking. Located within minutes of downtown Panama City, the area is abundant with parks, boating, fishing, events, and ongoing improvements. A concrete patio has been prepared, but not yet finished. All appliances, including HVAC and water heaters, are within 3 years old and warrantied. The 1,708 square foot home has been remodeled and retains original touches for historic and aesthetic value. Alterations to the property can be negotiated including necessary improvements for your business: parking areas, fencing, accessibility features (ramp), etc.

Key Highlights

  • Mixed‑Use Zoning: Ideal for commercial use, offices, or multiple tenants.
  • Large Half‑Acre Lot: Offers ample space for additional structures.
  • Prime Location: Minutes from revitalized downtown Panama City.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Bakery Garden Center Catering Service (Bike/Boat/Book/etc) Store Acupuncture Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,965
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

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?
Mixed-use property - Custom property on a large lot in historic Panama City.
Where is this mixed-use property located?
The property is located at 854 Magnolia Avenue Panama City, FL.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Mixed‑Use Zoning: Ideal for commercial use, offices, or multiple tenants.; Large Half‑Acre Lot: Offers ample space for additional structures.; Prime Location: Minutes from revitalized downtown Panama City.
More about this property
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