Remodeled Office
For Lease
$5,000/Mo NNN
854 Magnolia Avenue, Panama City, FL 32401
COMMERCIAL - Panama City, FL
Space SizeContact for details
Lot Size0.64 Acres
Days on Market160
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
Amenities
gas fireplaces
built-in speakers
security system
Nest system
cathedral ceilings
kitchen
reception area
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 4
Last Checked: Aug 13 at 5:06AM
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, built in 1938, combines updated finishes with preserved original character. The interior includes refinished hardwood flooring, tongue-and-groove pine walls, cathedral ceilings, and multiple entrances. Two substantial suites each feature a gas fireplace, walk-in closet, private entry, and custom bathroom with tiled shower. A separate room with access to a third bathroom adds flexibility, while the open kitchen and adjoining living area can accommodate reception, waiting, display, or presentation functions. Quartz countertops, upgraded cabinetry, stainless steel appliances, built-in speakers, security equipment, and Nest systems are included.
The property is in Panama City near downtown, with parks, boating, fishing, restaurants, shops, and local events in the surrounding area. Mixed-use zoning allows multiple commercial uses, including offices. The lease structure is NNN with a 5 year minimum term. Appliances, HVAC, and water heaters are within 3 years old and warrantied.
The property is in Panama City near downtown, with parks, boating, fishing, restaurants, shops, and local events in the surrounding area. Mixed-use zoning allows multiple commercial uses, including offices. The lease structure is NNN with a 5 year minimum term. Appliances, HVAC, and water heaters are within 3 years old and warrantied.
Key Highlights
- 1,708 SF office property built in 1938
- Two suites with private entrances, fireplaces, closets, and custom bathrooms
- Mixed‑use zoning allows multiple commercial uses, including offices
Property Analytics
Property Profile
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
Market
Lease Benchmarks for Panama City, FL
$16.89 /SF/Yr
Avg Asking Price
$0.55–$44 /SF/Yr
Price Range
24,745 SF
Avg Space Size
This space is priced 108% above the average of $16.89 /SF/Yr.
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 office use and multiple commercial configurations.
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 SF office property built in 1938; Two suites with private entrances, fireplaces, closets, and custom bathrooms; Mixed‑use zoning allows multiple commercial uses, including offices
