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    3109 Minnesota Ave Panama City, FL 32405

    For Lease
    $16 SF/Yr

    Class A Office, Flexible Suites Available

    Lot size:
    60,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional Class A office property, located at 3109 Minnesota Ave, Panama City, FL 32405, offers 60,000 square feet of versatile space, ideal for medical, creative, or professional businesses. The property features two buildings, each two stories high, with a total of 10 acres of land. Built in 2005 and renovated in 2020, the property includes one elevator and is conveniently located near the intersection of Highway 77 and Baldwin Road, adjacent to Haney Vocational Training School. The space is divisible to a minimum of 2,847 square feet, with a maximum contiguous space of 30,000 square feet. Currently, 70,000 square feet is vacant. A significant portion of the first and second floors (12,000 and 15,000 sq ft respectively) is available as unfinished "warm shell" space, offering build-to-suit opportunities for long-term tenants. The property is zoned City Commercial (APN: 11818-000-000) and boasts a desirable location in the Lynn Haven submarket of Panama City Beach, Bay County. The lease rate is $16.00 NNN, plus operating expenses and sales tax. This prime location and flexible space make this an excellent opportunity for businesses seeking a modern and well-appointed office environment.

    Property Features for 3109 Minnesota Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    60,000 SF
    Class
    A
    Total Rate
    80000

    Building Details

    Year Built/Renovated
    2005/2020
    Buildings
    2
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space 5
    Size
    7,500 SF
    Rate per SF
    $16
    Space
    Available Space 4
    Size
    2,847 SF
    Rate per SF
    $16
    Space
    Ste 120
    Size
    3,846 SF
    Rate per SF
    $16
    Space
    Available Space 1
    Size
    30,000 SF
    Rate per SF
    $16
    Space
    Available Space 2
    Size
    5,000 SF
    Rate per SF
    $16

    HighLights

    • Class A office space, 3,000 - 30,000 SF divisible units available.
    • 60,000 SF total, two‑story building on 10 acres, located at 3109 Minnesota Ave, Panama City, FL.
    • Convenient Highway 77 & Baldwin Road location, adjacent to Haney Vocational Training School.
    • 12,000 SF of first‑floor and 15,000 SF of second‑floor warm shell space available for build‑to‑suit.
    • $16.00/SF NNN lease rate, plus operating expenses and sales tax.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bay County Vet ... Veterans Center Tyndall Federal Credit ... Federal Credit Union Rebuild Florida Center ... Government Economic Program Covenant Care - Panama ... Home Health Care Service Movable City Solar ... Solar Energy Equipment Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.6469392
    Latitude
    30.2045837

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    FAQs

    What type of property is this?
    Office space - Class A Office, Flexible Suites Available
    Where is this office space located?
    The property is located at 3109 Minnesota Ave Panama City, FL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Class A office space, 3,000 - 30,000 SF divisible units available.; 60,000 SF total, two-story building on 10 acres, located at 3109 Minnesota Ave, Panama City, FL.; Convenient Highway 77 & Baldwin Road location, adjacent to Haney Vocational Training School.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3109 Minnesota Ave Panama City, FL 32405
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