Listing Agency: NAI TALCOR Show Phone

Listed By: ANDERSON J BROOKS · License ##SL3610747 Show Phone

Source: Corcoran

Added: Mar 17 Changed: Sep 2 Last Checked: Sep 2 at 1:19PM

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Investment Insights

Based on property information with market context.

This first-generation commercial office space features three private offices, two bathrooms, a large conference room, and a kitchen. There is potential for expansion with an additional approximately 1012 square feet of first-generation shell space. The property is intended for commercial office use.

Key Highlights

• First generation commercial office space.
• Potential expansion for an additional +/-1012sf.
• Includes 3 private offices.

Property Analytics

Current Use

Office Units

Lease Details

NNN (Triple Net)

Lease Type

$3.00 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

886

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

$18.32 /SF/Yr

Avg Asking Price

$7–$44.22 /SF/Yr

Price Range

27,527 SF

Avg Space Size

This space is priced 9% above the average of $18.32 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office units - First generation commercial office space with expansion potential.

Where is this office units located?

The property is located at 913 Harrison Avenue #B + C Panama City, FL.

What is the lease rate?

The lease rate is $20 SF/Yr.

What are key features of this property?

This property features: First generation commercial office space.; Potential expansion for an additional +/-1012sf.; Includes 3 private offices.