Historic Panama City Mixed-Use Property

854 Magnolia Avenue Panama City, FL 32401

Claim this Listing
For Lease
$5,000/Mo $35 SF/Yr (calc)

Custom property on a half-acre lot, suitable for multiple uses.

Type:Commercial
Property size:
1,708 SF
Lot size:
0.64 Acres
Added:
Mar 13, 2026
Days on Market:
123
Last Refresh:
Jul 4 at 11:29 am

Property Features for 854 Magnolia Avenue

General Information

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

Building Details

Year Built
1938

Listing office KELLER WILLIAMS SUCCESS REALTY

Listing date Mar 13, 2026

Source Corcoran

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 situated on a 0.636-acre lot in historic Panama City. The property features newly refinished wood floors and new interior tongue and groove pine walls, complemented by cathedral ceilings. Zoned for mixed-use, the property is suitable for multiple commercial uses, including offices, and can accommodate several tenants with its multiple entrances. Two large suites each feature gas fireplaces, walk-in closets, and custom bathrooms with tiled showers, and have private entrances. An additional room provides access to the third bathroom, located off the kitchen. The open living area includes a new kitchen with quartz countertops, high-end cabinetry, new stainless appliances, and under-cabinet lighting. A living area at the entry can serve as a waiting room, reception area, display, or presentation room. Modern amenities include built-in deluxe speakers, security, and Nest systems. The property is located within minutes of downtown Panama City, near new businesses, restaurants, shops, parks, boating, fishing, and events. The property offers room for additional structures, accessory dwelling units, equipment, storage, or additional parking. 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 includes some 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 offers multiple commercial possibilities.
  • Large half‑acre lot (.636 acres) offers room for expansion.
  • Two large suites with private entrances, fireplaces, walk‑in closets, and custom bathrooms offer rental potential.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Bakery Garden Center Catering Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Acupuncture (Bike/Boat/Book/etc) Store Locksmith Tanning Salon (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Mixed-use property - Custom property on a half-acre lot, suitable for multiple uses.
Where is this mixed-use property 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: Mixed‑use zoning offers multiple commercial possibilities.; Large half‑acre lot (.636 acres) offers room for expansion.; Two large suites with private entrances, fireplaces, walk‑in closets, and custom bathrooms offer rental potential.
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