Remodeled Office Units with Multiple
For Lease
$5,000/Mo NNN
854 Magnolia Avenue, Panama City, FL 32401
CommercialLease, Panama City, FL
Space SizeContact for details
Lot Size0.64 Acres
Days on Market205
Property Features for 854 Magnolia Avenue
General Information
Property type
Commercial Lease
Property subtype
Office
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
Cooling system
Central Air
Amenities
built-in deluxe speakers
security system
Nest system
gas fireplaces
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 #BK3379289
(850) 348-8262
Added: Mar 6
Changed: Aug 28
Last Checked: Sep 27 at 6:06PM
MLS# 786745
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 1,708-square-foot office property at 854 Magnolia Avenue dates to 1938 and has undergone a comprehensive remodel while retaining select original character. The interior includes hardwood flooring, cathedral ceilings, tongue-and-groove pine walls, and a central open area that can accommodate reception, waiting, display, or presentation functions. Two suites offer separate entrances, private bathrooms with tiled showers, walk-in closets, and gas fireplaces. A third bathroom is positioned near the kitchen, which features quartz countertops, custom cabinetry, stainless appliances, and under-cabinet lighting.
The property is located in Panama City’s 32401 area, within minutes of downtown businesses, restaurants, shops, parks, boating, fishing, and local events. Mixed-use zoning allows multiple commercial uses, including offices. Central air, security and Nest systems, built-in speakers, HVAC, and water heaters are included; the appliances, HVAC, and water heaters are within 3 years old and warrantied. Lease terms are NNN with a 5-year minimum, and longer terms are negotiable.
The property is located in Panama City’s 32401 area, within minutes of downtown businesses, restaurants, shops, parks, boating, fishing, and local events. Mixed-use zoning allows multiple commercial uses, including offices. Central air, security and Nest systems, built-in speakers, HVAC, and water heaters are included; the appliances, HVAC, and water heaters are within 3 years old and warrantied. Lease terms are NNN with a 5-year minimum, and longer terms are negotiable.
Key Highlights
- 1,708 Square Feet of office space at 854 Magnolia Avenue, Panama City, FL 32401
- Two suites with separate entrances, private bathrooms, walk‑in closets, and gas fireplaces
- Remodeled interior with hardwood flooring, cathedral ceilings, and tongue‑and‑groove pine walls
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
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
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Market
Lease Benchmarks for Panama City, FL
$18.61 /SF/Yr
Avg Asking Price
$5.87–$44.22 /SF/Yr
Price Range
33,855 SF
Avg Space Size
This space is priced 89% above the average of $18.61 /SF/Yr.
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Mixed-use zoning supports multiple commercial uses, including office occupancy.
Where is this office units located?
The property is located at 854 Magnolia Avenue Panama City, FL.
What is the lease rate?
The lease rate is $5,000/Mo.
What are key features of this property?
This property features: 1,708 Square Feet of office space at 854 Magnolia Avenue, Panama City, FL 32401; Two suites with separate entrances, private bathrooms, walk‑in closets, and gas fireplaces; Remodeled interior with hardwood flooring, cathedral ceilings, and tongue‑and‑groove pine walls
