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    Panama City, FL
    Medical Premises

    Panama City, FL Medical Office Space for Sale

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    15 properties
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    High-Visibility Commercial Building on Corner Lot
    Updated: Jan 30
    High-Visibility Commercial Building on Corner Lot

    247 N Highway 22 A, Panama City, FL 32404

    $379,900
    2,768 sqft 0.45 AC lot
    High‑visibility location on a high‑traffic corner lot (8,099 vehicles per day) in the heart of Bay County.
    Versatile 2,768 sq ft brick building suitable for various businesses.
    Ample parking with room for expansion or added warehouse space on the .446‑acre lot.
    Turn‑key condition with existing layout including lobby, exam rooms, offices, break room, bathrooms, and boarding rooms.
    Recent improvements: Roof and HVAC systems replaced in 2019.
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    This listing looks promising.

    Here's a quick look at some key insights for

    247 N Highway 22 A, Panama City, FL 32404

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    • Est. Cap Rate

      9.2%
      Above avg (5.9%)

    • Est. NOI

      $35K
      Annual

    • Price @ 7% Cap

      $498K
      Above asking
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    Veterinary Clinic Facility
    Updated: Jun 30
    Veterinary Clinic Facility

    247 N Highway 22 A, Panama City, FL 32404

    $349,900
    2,768 sqft 0.45 AC lot
    Brick commercial building built in 1974 with shingle roof
    Established veterinary clinic served the community for over 40 years
    Facility includes reception and waiting area plus four exam rooms
    Includes surgery room, X‑ray room, and kennel area
    Additional space: private office, grooming space, and support rooms
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    Turnkey Office Building with Private Rooms
    Turnkey Office Building with Private Rooms

    316 W 11th Street, Panama City, FL 32401

    $385,000
    1,674 sqft 0.34 AC lot

    Move-in-ready office building features a lobby with reception area, seven private rooms, kitchenette, and three bathrooms.

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    First-Floor Medical & Office Space
    First-Floor Medical & Office Space

    2402 State Ave, Panama City, FL 32405

    Contact for pricing
    9,219 sqft 3.33 AC lot

    Class A medical and office suite under construction with pre-leasing availability in Q1 2026 and flexible layout options.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Multi-Use Office Building with Suites
    Multi-Use Office Building with Suites

    722 N Cove Blvd, Panama City, FL 32401

    $650,000
    3,000 sqft 0.27 AC lot

    Versatile building near Downtown with 10 bedrooms and 8 bathrooms, suited for office, medical, or hospitality concepts.

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    Prime Commercial Opportunity on Highway
    Prime Commercial Opportunity on Highway

    5505 Shores Road, Panama City, FL 32404

    $1,250,000
    4.18 AC lot

    4.18 acres on a bustling highway near beaches.

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    Medical Office & Surgery Center
    Medical Office & Surgery Center

    1600 Jenks Ave, Panama City, FL 32405

    $3,950,000
    13,132 sqft

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

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    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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    Veterinary Clinic Office Building
    Veterinary Clinic Office Building

    247 N Highway 22 A, Panama City, FL 32404

    $349,900

    Purpose-built clinic layout with exam, surgery, imaging, kennel, and grooming areas for animal health and related services.

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    Corner Commercial Office Space
    Corner Commercial Office Space

    800 Jenks Avenue, Panama City, FL 32401

    $450,000

    Corner office space with easy ingress and egress, conveniently located near the courthouse and hospital.

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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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    Medical Office on Hospital Campus
    Medical Office on Hospital Campus

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

    $905,000
    2,446 sqft

    Ground floor medical office space with hospital access for sale.

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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 Office Condominium For Sale
    Medical Office Condominium For Sale

    2202 State Avenue, Panama City, FL 32405

    $1,900,000

    Medical office condominium located on the Gulf Coast Medical Campus.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 15 Active listings in Panama City, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 57 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Ground-Floor End-Unit Office Condo
    Ground-Floor End-Unit Office Condo

    1101-8730 Thomas Dr, Panama City Beach, FL 32408

    $599,999
    2,482 sqft

    Fully built-out end unit with abundant windows, on-site parking, and close proximity to the beach in St. Thomas Square.

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    Second-Floor Office Suite
    Second-Floor Office Suite

    Port St Joe, FL 32456

    Contact for pricing
    1,700 sqft 0.04 AC lot

    Second-floor suite with a lobby and multiple private offices in a mixed-use plaza with Highway 98 access.

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    Second-Floor Office Suite
    Second-Floor Office Suite

    C-212 W Highway 98, Port St Joe, FL 32456

    Contact for pricing
    1,700 sqft

    Second-floor office suite with lobby, administrative office, and multiple private offices in Town Center Plaza.

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    LAND
    LAND

    12907 Panama City Beach Pkwy, Panama City Beach, FL

    $425,000
    2,500 sqft 2.52 AC lot

    Medical Office Space · 2,500 SF

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Commercial Lot in Lynn Haven
    Prime Commercial Lot in Lynn Haven

    1306 Florida Avenue, Lynn Haven, FL 32444

    $550,000
    0.86 AC lot

    Commercial lot with 250' frontage, ideal for various businesses.

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    Prime Commercial Site Front Beach
    Prime Commercial Site Front Beach

    8600 Front Beach Road, Panama City Beach, FL 32407

    $549,000
    11,805 sqft 0.27 AC lot

    Exceptional visibility, flexible zoning, ideal for office or medical development.

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    Bainbridge Commercial Land For Sale
    Bainbridge Commercial Land For Sale

    Wheat Ave., Bainbridge, GA 39819

    $150,000
    0.52 AC lot

    Commercial land in Bainbridge's hospital district, ideal building site.

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    Commercial Land Ready to Build
    Commercial Land Ready to Build

    100 Garden Center Blvd. Lots 18/19, Thomasville, GA 31792

    $175,000
    0.99 AC lot

    Two joining lots totaling .99 acres, ready to build.

    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

    Value Estimation by Request
    4,535 sqft 0.86 AC lot
    View details
    1010 11th St
    MEDICAL BUILDING

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

    Value Estimation by Request
    2,725 sqft 0.31 AC lot
    View details
    619 Cv Blvd
    MEDICAL BUILDING

    619 Cv Blvd, Panama City, FL 32401-3642

    $1,195,000
    Estimated value
    7,661 sqft 0.44 AC lot
    View details
    2101 Jenks Ave
    MEDICAL BUILDING

    2101 Jenks Ave, Panama City, FL 32405-4511

    $1,360,000
    Estimated value
    5,801 sqft 0.47 AC lot
    View details
    2636 Jenks Ave
    MEDICAL BUILDING

    2636 Jenks Ave, Panama City, FL 32405-4387

    Value Estimation by Request
    2,725 sqft 0.39 AC lot
    View details
    2567 Huntcliff Ln
    MEDICAL BUILDING

    2567 Huntcliff Ln, Panama City, FL 32405-4902

    Value Estimation by Request
    1,920 sqft 0.27 AC lot
    View details
    600 Cv Blvd
    MEDICAL BUILDING

    600 Cv Blvd, Panama City, FL 32401-3628

    Value Estimation by Request
    5,147 sqft 0.24 AC lot
    View details
    1007 Jenks Ave
    MEDICAL BUILDING

    1007 Jenks Ave, Panama City, FL 32401-2474

    $515,000
    Estimated value
    2,660 sqft 0.40 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 15 active listings on our real estate platform. These investment opportunities span a total of 30,517 square feet of properties for sale, with an estimated market value of $7,899,800.

    Sale prices for medical spaces in Panama City, FL start at $349,900, averaging $987,475, and reaching up to $3,950,000 — 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 87
    Office buildings 43
    Medical Office Space 33
    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 $470.9K
    32404 $659.9K
    32408 $699K
    32405 $1.1M

    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

    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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