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Office Units
For Lease
$17,500/Mo

A-703 W 15th St, Panama City, FL 32405

Office space sits at the intersection of 15th Street and Blake Avenue.

Space Size15,000 SF
Days on Market776

Property Features for A-703 W 15th St

General Information

Standard status Active
Size 15,000 SF
Net Rentable 15,000 SF

Space & Availability

Available Space 15,000 SF
Contiguous Space 15,000 SF
Space Use Office
Available From 2022-01-01

Additional Details

Highway Access Yes
Listing Agency: NBI Properties Inc
Listed By: Craig S Barrett · License #3294646
Source: Exprealty
Added: Jul 15, 2024 Changed: Aug 29 Last Checked: Aug 29 at 3:59PM

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 NBI Properties Inc

Investment Insights

Based on property information with market context.

The property offers 15,000 square feet of office space within an office-unit configuration. Availability is scheduled for January 1, 2022, following the departure of Children’s Advocacy. The site is positioned at the intersection of W 15th Street, identified as Hwy 98, and Blake Avenue in Panama City, Florida, with a large parking area serving the property.

Key Highlights

  • 15,000 SF of office space
  • Intersection of W 15th Street and Blake Avenue
  • W 15th Street identified as Hwy 98

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Grocery & Convenience Store Gym & Fitness Center Catering Service Garden Center

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

Yes
Highway access
NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,131
Businesses Nearby

Demographics for 32405, FL

28,158
Population
13,585
Households
2.1
Avg Household Size
40
Median Age
29%
College-Educated
92%
High-School Grad
18.8 sq mi
ZIP Area
1,498
Density / Sq Mi
$71,002
Median Household Income
$41,867
Median Earnings
$1,418
Median Rent
$255,100
Median Home Value

Market

Lease Benchmarks for Panama City, FL

$17.68 /SF/Yr
Avg Asking Price
$5.87–$44 /SF/Yr
Price Range
27,088 SF
Avg Space Size

This space is priced 21% below the average of $17.68 /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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office space sits at the intersection of 15th Street and Blake Avenue.
Where is this office units located?
The property is located at A-703 W 15th St Panama City, FL.
What is the lease rate?
The lease rate is $17,500/Mo.
What are key features of this property?
This property features: 15,000 SF of office space; Intersection of W 15th Street and Blake Avenue; W 15th Street identified as Hwy 98
More about this property
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