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    Panama City, FL Medical Office Space for Sale

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    14 properties
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    Veterinary Medical Center
    Updated: Jun 30
    Veterinary Medical Center

    247 N Highway 22 A, Panama City, FL 32404

    $349,900
    2,768 sqft 0.45 AC lot
    2,768‑square‑foot medical center on 0.45 acres
    Established veterinary clinic serving the community for over 40 years
    Four exam rooms plus surgery and X‑ray rooms
    Kennel area, grooming space, reception, waiting area, and support rooms
    Brick construction completed in 1974 with a shingle roof
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    Multi-Use Office Building with Suites
    Updated: Mar 26
    Multi-Use Office Building with Suites

    722 N Cove Blvd, Panama City, FL 32401

    $650,000
    3,000 sqft 0.27 AC lot
    Listing includes both properties: 722 Martin Luther King and 722 1/2 MLK
    Over 3,000 sq. ft. commercial building on a 0.27‑acre lot
    10 bedrooms and 8 bathrooms across the property’s flexible layout
    Minutes from Downtown, the hospital, and major shopping centers
    Layout supports private offices, client suites, or guest accommodations for office, medical, hospitality, or mixed‑use use
    View details
    Medical Office Condominium For Sale
    Medical Office Condominium For Sale

    2202 State Avenue 103 & 104, Panama City, FL 32405

    $905,000
    2,446 sqft

    Medical office condominium located on the Gulf Coast Medical Campus.

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    See what stands out in Bay County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Local Demand available after sign in
    First-Floor Medical Office Space
    First-Floor Medical Office Space

    2402 State Ave, Panama City, FL 32405

    Contact for pricing
    9,219 sqft

    Pre-leasing a customizable commercial suite near HCA Florida Gulf Coast Hospital with surface parking and access from 23rd Street.

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    Ground Floor Medical Office Suite
    Ground Floor Medical Office Suite

    102-2202 State Ave, Panama City, FL 32401

    $535,000
    1,448 sqft

    Ground floor medical office within a medical complex, offering direct access to the hospital via a connected corridor.

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    Medical Office & Surgery Center
    Medical Office & Surgery Center

    1600 Jenks Avenue, Panama City, FL 32405

    Contact for pricing
    13,132 sqft

    Medical office and ambulatory surgery center for sale in Panama City.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Ground Floor Medical Office Suite
    Ground Floor Medical Office Suite

    105-2202 State Ave, Panama City, FL 32401

    $455,000
    1,229 sqft

    Ground floor medical office in a hospital-connected complex, with renovated common areas and repairs completed.

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    Renovated Two-Story Medical Office
    Renovated Two-Story Medical Office

    2232 W 24th St, Panama City, FL 32405

    Contact for pricing
    6,400 sqft

    Flexible clinical layout with shared reception, exam rooms, treatment space, private offices, and support areas.

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    Freestanding Medical Office
    Freestanding Medical Office

    107 W 19th St, Panama City, FL 32405

    Contact for pricing
    9,002 sqft

    9,002 SF facility organized around a central hub with four clinical wings and dedicated administrative areas.

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    Medical Office Building Panama City
    Medical Office Building Panama City

    2636 Jenks Avenue, Panama City, FL 32405

    $700,000

    Updated medical office in Panama City's medical district.

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    Land with Development Potential
    Land with Development Potential

    31 W Baldwin Road, Panama City, FL 32405

    $799,000
    2.34 AC lot

    Land with house suitable for commercial conversion or development.

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    2507 Harrison Ave Suite 200
    2507 Harrison Ave Suite 200

    2507 Harrison Ave Suite 200 | Panama City, FL 32405, Panama City, FL 32405

    $825,000
    3,500 sqft

    +/-3500sf medical office space

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    Medical or Office Building
    Medical or Office Building

    1532 Jenks Avenue, Panama City, FL 32405

    Contact for pricing

    Large commercial building with multiple keyed entrances and six bathrooms, zoned MU-2 for office and related uses.

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    Medical Office Space Near Hospital
    Medical Office Space Near Hospital

    722 Martin Luther King Jr Boulevard, Panama City, FL 32401

    Contact for pricing

    Commercially zoned property positioned one block from Sacred Heart Hospital.

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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 14 Active listings in Panama City, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 58 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Medical Office Suite with Treatment Area
    Medical Office Suite with Treatment Area

    4415 Hwy 331, Defuniak Springs, FL 32433

    Contact for pricing
    16,645 sqft 1.91 AC lot

    Flexible clinical space includes exam rooms, private administration, and an open area for specialized care.

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    Class A Medical Office Space
    Class A Medical Office Space

    1002 N Arnold Rd, Panama City Beach, FL 32413

    Contact for pricing
    6,000 sqft 88.65 AC lot

    Newly constructed clinical space offers customizable layouts within an established healthcare campus with on-site patient amenities.

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    Three-Story Office Building
    Three-Story Office Building

    16901 Pc Bch Parkway, Panama City Beach, FL 32413

    $3,200,000
    12,000 sqft 1.10 AC lot

    First- and second-floor space is available for owner occupancy, while the third floor is leased long term.

    View details
    Medical Suite in DeFuniak Springs
    Medical Suite in DeFuniak Springs

    4415 Hwy 331, Defuniak Springs, FL 32433

    Contact for pricing
    4,400 sqft 1.91 AC lot

    Medical suite in multi-tenant building near hospital in growing area.

    View details

    Off-Market Properties in Panama City, FL

    Consider similar Off-Market properties in Panama City, FL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    528 Baldwin Rd
    MEDICAL BUILDING

    528 Baldwin Rd, Panama City, FL 32405-3313

    $875,000
    Estimated value
    8,046 sqft 2.78 AC lot
    View details
    200 Star Ave
    MEDICAL BUILDING

    200 Star Ave, Panama City, FL 32404-7615

    $220,000
    Estimated value
    4,535 sqft 0.86 AC lot
    View details
    1010 11th St
    MEDICAL BUILDING

    1010 11th St, Panama City, FL 32401-2042

    $220,000
    Estimated value
    2,725 sqft 0.31 AC lot
    View details
    619 Cv Blvd
    MEDICAL BUILDING

    619 Cv Blvd, Panama City, FL 32401-3642

    $1,105,000
    Estimated value
    7,661 sqft 0.44 AC lot
    View details
    2101 Jenks Ave
    MEDICAL BUILDING

    2101 Jenks Ave, Panama City, FL 32405-4511

    $1,285,000
    Estimated value
    5,801 sqft 0.47 AC lot
    View details
    2636 Jenks Ave
    MEDICAL BUILDING

    2636 Jenks Ave, Panama City, FL 32405-4387

    $215,000
    Estimated value
    2,725 sqft 0.39 AC lot
    View details
    2567 Huntcliff Ln
    MEDICAL BUILDING

    2567 Huntcliff Ln, Panama City, FL 32405-4902

    $225,000
    Estimated value
    1,920 sqft 0.27 AC lot
    View details
    600 Cv Blvd
    MEDICAL BUILDING

    600 Cv Blvd, Panama City, FL 32401-3628

    $400,000
    Estimated value
    5,147 sqft 0.24 AC lot
    View details
    1007 Jenks Ave
    MEDICAL BUILDING

    1007 Jenks Ave, Panama City, FL 32401-2474

    $495,000
    Estimated value
    2,660 sqft 0.40 AC lot
    View details
    2309 Saint Andrews Blvd, Unit B
    MEDICAL BUILDING

    2309 Saint Andrews Blvd, Panama City, FL 32405-2171

    Unit B
    $375,000
    Estimated value
    4,349 sqft 0.56 AC lot
    View details

    Panama City, FL Medical Office Space Market Trends and Statistics

    Explore 72 medical office space for sale in Panama City, FL, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 52,144 square feet of properties for sale, with an estimated market value of $5,218,900.

    Sale prices for medical spaces in Panama City, FL start at $349,900, averaging $652,362, and reaching up to $905,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 90
    Office buildings 50
    Medical Office Space 32
    Creative space 1

    Demographics Overview

    Population 154K
    Population Growth (5Y) +1,132.7%
    Median Household Income $71,237
    College Educated 29.8%

    High-Yield Neighborhoods for Investment

    Identify Panama City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    32401 $546.7K
    32405 $850.6K

    Taxes & Financing

    Tax Rate (average for all types) 1.42%
    Property Tax per SF $28.37 per SF
    Tax Rate vs County Average 0.07 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Bay County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Bay County

    Retail

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Panama City fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Panama City, FL

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    Featured Panama City Real Estate Agencies

    Realmo connects you with licensed Panama City CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Full Sail Realty of Northwest Florida
    1514 W. 23rd St, Suite B Panama City, FL 32405
    Phone: 18508194961
    FullSailNWFL.com

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