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Historic Panama City Mixed-Use Property
For Lease
$5,000/Mo

854 Magnolia Avenue, Panama City, FL 32401

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

Space SizeContact for details
Lot Size0.64 Acres
Days on Market168

Property Features for 854 Magnolia Avenue

General Information

Standard status Active
Lot size 0.64 Acres
Property subtype Commercial

Amenities

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 27 Last Checked: Aug 26 at 8:48AM

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

Current Use

Mixed-use properties

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.

Lease Details

NNN (Triple Net)
Lease Type
$5.27 /SF/Yr
CAM

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

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.
More about this property
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