Office Building with Multiple
For Sale
$775,000
854 Magnolia Avenue, Panama City, FL 32401
SINGLE_FAMILY - Panama City, FL
Property Size1,708 SF
Lot Size0.64 Acres
Price / SF$453.75
Days on Market160
Property Features for 854 Magnolia Avenue
General Information
Property type
Residential
Property subtype
Office
Zoning description
Business, Resid Multi-Family, Resid Single Family
Subdivision
No Named Subdivision
Elementary school
Cherry Street
Middle school
Jinks
High school
Bay
Directions
From Hwy 98, South on Harrison Ave, Left/East on 9th St. Property is on South East Corner of 9th St and Magnolia Ave.
Standard status
Active
APN
16721-000-000
Size
1,708 SF
Lot size
0.64 Acres
Taxes and HOA fees
Tax Description
4 4S 14W-261-69A BEG AT INT SEC OF S LI OF 9TH ST & E LI OF MAGNOLIA AV TH S 100' E 150' N 100' W 150' TO BEG ORB 4655 P 896
Legal Description
4 4S 14W-261-69A BEG AT INT SEC OF S LI OF 9TH ST & E LI OF MAGNOLIA AV TH S 100' E 150' N 100' W 150' TO BEG ORB 4655 P 896
Utilities
Heating system
Electric (Heating), Central
Amenities
built-in speakers
security system
Nest system
Building Details
Year built
1938
Flooring type
Hardwood
Roof type
Shingle
Listing Agency:
Keller Williams Success Realty · Keller Williams Realty
(850) 249-0313
Listed By:
Dennis Nelson · License #SL3379289
(850) 348-8262
Added: Mar 6
Changed: Aug 3
Last Checked: Aug 13 at 4:06AM
MLS# 786746
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office building sits on a 0.64-acre lot and offers 1,708 square feet of remodeled interior space originally built in 1938. The property features newly refinished hardwood flooring, cathedral ceilings, and newly installed interior tongue and groove pine walls. Central electric heating and a shingle roof are in place.
The layout includes a living area near the entry that can function as a waiting, reception, display, or presentation area, plus a newly updated kitchen with quartz countertops and stainless appliances. Two large suites each include a cozy gas fireplace, walk-in closet, and custom bathroom with tiled shower, with private entrances for accessibility and future rental flexibility. A third bathroom is accessible from an additional room conveniently located off the kitchen.
Mixed-use zoning allows for multiple commercial uses, and multiple entrances can support serving more than one tenant. Built-in deluxe speakers throughout the space, along with security and Nest systems, are included. HVAC and water heaters are within 3 years old and warrantied. An additional concrete patio has been prepared but not yet finished.
The layout includes a living area near the entry that can function as a waiting, reception, display, or presentation area, plus a newly updated kitchen with quartz countertops and stainless appliances. Two large suites each include a cozy gas fireplace, walk-in closet, and custom bathroom with tiled shower, with private entrances for accessibility and future rental flexibility. A third bathroom is accessible from an additional room conveniently located off the kitchen.
Mixed-use zoning allows for multiple commercial uses, and multiple entrances can support serving more than one tenant. Built-in deluxe speakers throughout the space, along with security and Nest systems, are included. HVAC and water heaters are within 3 years old and warrantied. An additional concrete patio has been prepared but not yet finished.
Key Highlights
- 0.64‑acre lot with 1,708 square feet of office space
- Two large suites, each with a gas fireplace, walk‑in closet, and custom tiled‑shower bath
- Private entrances for each suite to support accessibility and potential separate use
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,965
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Mixed-use zoning supports multiple commercial uses, with multiple entrances and two private-suite areas.
Where is this office units 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: 0.64‑acre lot with 1,708 square feet of office space; Two large suites, each with a gas fireplace, walk‑in closet, and custom tiled‑shower bath; Private entrances for each suite to support accessibility and potential separate use
