New Panama City Retail
For Lease
Contact for pricing
FL-77 & E 23rd Street, Panama City, FL 32405
200,000+ SF retail development in Panama City, Florida.
Space SizeContact for details
Property Size200,000 SF
Days on Market282
Property Features for FL-77 & E 23rd Street
General Information
Standard status
Active
Size
200,000 SF
Property subtype
Retail
Building Details
Building Size
200,000 SF
Year Built
2020
Listing Agency:
Bellcore Commercial LLC
(850) 240-0527
Listed By:
Harry Bell Jr. · License #FL #BK3026917
(850) 240-0527
Source:
Bellcorecommercial
Added: Nov 21, 2025
Changed: Aug 8
Last Checked: Aug 29 at 7:18AM
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 Bellcore Commercial LLC
Investment Insights
Based on property information with market context.
Bay City Point is a new development with over 200,000 square feet of space, situated in Panama City, Florida, at the intersection of Highway 77 and East 23rd Street, where the average daily traffic count exceeds 60,000. The location offers accessibility and visibility, with proximity to residential areas and national retailers, including Target, Kohl’s, Dillard’s, Home Depot, Lowe’s, Walmart, Publix, TJ Maxx, Hobby Lobby, and PetSmart. Located across from Target and the Panama City Mall, which houses Dillard’s, JC Penney, Sears, and Bed Bath & Beyond, Bay City Point is intended to be a destination. Panama City is the largest city in the Panama City-Lynn Haven-Panama City Beach Metropolitan Statistical Area and between Tallahassee and Pensacola. Port Panama City, Tyndall Air Force Base, the U.S. Navy’s Naval Support Activity Base, and Gulf Coast State College employ over 10,000 people combined. Northwest Florida Beaches International Airport is located in Panama City. Panama City is ranked as the #1 Metro Area for Economic Growth Potential for communities with a population of less than 200,000. The Panama City-Lynn Haven-Panama City Beach MSA has a strong tourism market and stable employment.
Key Highlights
- Prime location at the "Main & Main" intersection of Panama City, Hwy 77 and E 23rd Street, boasting over 60,000 AADT.
- Part of Bay City Point, a new 200,000+ SF development.
- High visibility and easy access.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,727
Businesses Nearby
323k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 27%
Superstores 26%
Shops & Services 18%
Home Improvements & Furnishings 15%
Walmart
Superstores
83,113 visits/mo
0.5 miles
The Home Depot
Home Improvements & Furnishings
43,377 visits/mo
0.4 miles
Ross Dress for Less
Apparel
29,775 visits/mo
0.5 miles
Murphy USA
Shops & Services
22,684 visits/mo
0.2 miles
Golden Corral
Dining
22,167 visits/mo
0.2 miles
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
$19.63 /SF/Yr
Avg Asking Price
$12–$24 /SF/Yr
Price Range
40,284 SF
Avg Space Size
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Mariner Plaza — 615 US-231, Panama City, FL 32405
- PCB Office — 625 US-231, Panama City, FL 32405
- Panama City Square — 535 W 23rd St, Panama City, FL 32405
- Panama City Mall — 2150 Martin Luther King Jr Blvd, Panama City, FL 32405
- Bay City Point — 500 E 23rd St, Panama City, FL 32405
Frequently Asked Questions
What type of property is this?
Shopping center - 200,000+ SF retail development in Panama City, Florida.
Where is this shopping center located?
The property is located at FL-77 & E 23rd Street Panama City, FL.
What are key features of this property?
This property features: Prime location at the "Main & Main" intersection of Panama City, Hwy 77 and E 23rd Street, boasting over 60,000 AADT.; Part of Bay City Point, a new 200,000+ SF development.; High visibility and easy access.
