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Panama City, FL Office Spaces for Sale

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Corner Office Suite with Windows
Updated: Oct 12
Corner Office Suite with Windows

8730 Thomas Drive, Panama City, FL 32408

$599,999
2,482 sqft 1.55 AC lot
2,482 square feet on the ground level
Five private offices and a large conference room
Floor‑to‑ceiling windows in all offices
Full kitchen and two bathrooms
Corner location on Thomas Drive
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Flex Space with Showroom
Updated: May 22
Flex Space with Showroom

1331 Harrison Avenue, Panama City, FL 32401

$2,500,000
11,171 sqft 0.66 AC lot
11,171 SF flex property completed in 2021
7,134 SF warehouse with ceiling heights approaching 21 feet
1,391 SF mezzanine for additional storage or workspace
1,153 SF finished showroom with acoustic ceilings and LED pendant lighting
600‑amp, 240/120V, 3‑phase electrical service with roughly 70% spare capacity
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Multi-Building Office Property
Multi-Building Office Property

2901 W 17th Street, Panama City, FL 32405

$1,375,000
9,050 sqft 0.92 AC lot

Three-building office property with private offices, conference rooms, gated yard, and detached support space.

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Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

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Flex Space with Office Areas
Flex Space with Office Areas

1509 Hickory Ave, Panama City, FL 32405

$799,000
4,300 sqft

Warehouse and office components support manufacturing, business operations, or separate office occupancy.

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Office Building with MU-3 Zoning
Office Building with MU-3 Zoning

2356 Frankford Avenue, Panama City, FL 32405

$499,000
1,875 sqft 1.03 AC lot

A converted residence offers private offices, shared work areas, a conference room, kitchen and garage.

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Historic Office Building with Suites
Historic Office Building with Suites

854 Magnolia Avenue, Panama City, FL 32401

$575,000
1,708 sqft 0.64 AC lot

Remodeled commercial property with multiple entrances, private suite access, and flexible mixed-use zoning for office operations.

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Veterinary Medical Center
Veterinary Medical Center

247 N Highway 22 A, Panama City, FL 32404

$325,000
2,768 sqft 0.45 AC lot

Brick commercial facility with reception, exam, surgical, imaging, kennel, and grooming areas.

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Remodeled Office Corner Suite
Remodeled Office Corner Suite

8730 Thomas Drive #1101, Panama City, FL 32408

$599,999
2,482 sqft

Ground-level office space offers a five-office layout, a full kitchen, and two bathrooms.

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Remodeled Mixed-Use Property
Remodeled Mixed-Use Property

5045 E Highway 98, Panama City, FL 32404

$415,000
1,800 sqft 0.28 AC lot

Flexible mixed-use setting with updated interiors, covered porches, and a fenced outdoor area.

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Office Building with Private Offices
Office Building with Private Offices

760 Airport Road, Panama City, FL 32405

$580,000
0.45 AC lot

The property includes a separate storage building and GC-2 zoning within Panama City limits.

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Multi-Building Office and Flex Property
Multi-Building Office and Flex Property

2901 W 17th St, Panama City, FL 32405

$1,375,000
9,050 sqft

Three-building commercial property offers heated and cooled space with offices, conference rooms, and adaptable workspace plus on-site parking.

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Multi-Use Professional Office Center
Multi-Use Professional Office Center

2420 Jenks Ave, Panama City, FL 32305

$4,000,000
23,120 sqft 2.68 AC lot

Professional office property with public water and sewer serving a multi-use center near a major intersection.

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Medical Office Space with Exam Rooms
Medical Office Space with Exam Rooms

247 N Highway 22 A, Panama City, FL 32404

$325,000
0.45 AC lot

Configured for clinical operations with reception, exam, surgery, X-ray, kennel, and grooming areas.

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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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Mixed-Use Commercial Building
Mixed-Use Commercial Building

2209 Thomas Dr, Panama City, FL 32408

$1,490,000
1.15 AC lot

Open interior areas and private rooms support flexible office, dining, or retail configurations.

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Updated Office Units with Private Rooms
Updated Office Units with Private Rooms

316 W 11th Street, Panama City, FL 32401

$375,000
1,674 sqft 0.34 AC lot

Flexible commercial layout includes reception, kitchenette, and three bathrooms.

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Renovated Mixed-Use Commercial Opportunity
Renovated Mixed-Use Commercial Opportunity

5420 Hickory St, Panama City, FL 32404

$2,180,000
21,184 sqft 2.50 AC lot

21,184 sq ft mixed-use property in Panama City, FL.

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Office Building with Detached Shop
Office Building with Detached Shop

1219 Transmitter Road, Panama City, FL 32401

$849,000
4,162 sqft 1.49 AC lot

Configured for office and contractor operations with reception, conference, kitchen, and shop improvements.

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Renovated Panama City Commercial Building
Renovated Panama City Commercial Building

5311 E Highway 22, Panama City, FL 32404

$620,000
4,004 sqft 0.71 AC lot

Modernized 4,004 SF building near Tyndall Air Force Base.

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Waterfront Office Building
Waterfront Office Building

430&432 McKenzie Avenue, Panama City, FL 32401

$1,250,000
3,918 sqft 0.36 AC lot

Two adjoining vacant lots and a boathouse expand the property beyond its professional office space.

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Corner-Lot Office Building
Corner-Lot Office Building

2356 Frankford Avenue, Panama City, FL 32405

$499,000
1,875 sqft

Flexible professional office layout with private rooms, collaborative space, conference area, kitchen, storage, and garage.

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Office Building with Storage
Office Building with Storage

Panama City, FL 32405

$580,000
3,196 sqft 0.45 AC lot

Five private offices complement reception, lab, breakroom, and open-plan areas.

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Medical Center with Operating Rooms
Medical Center with Operating Rooms

Panama City, FL 32405

$3,950,000
13,132 sqft

AHCA-approved ambulatory surgery facility with adaptable medical office space and access to established healthcare institutions.

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Waterfront Office Building
Waterfront Office Building

220 Mckenzie Avenue, Panama City, FL 32401

$2,950,000
10,157 sqft 1.10 AC lot

Two-story professional office property with private offices, conference rooms, a law library, and direct water access.

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Panama City, FL Office Spaces Market Trends and Statistics

Explore 72 office spaces for sale in Panama City, FL, showcased through 44 active listings on our real estate platform. These investment opportunities span a total of 394,324 square feet of properties for sale, with an estimated market value of $41,002,998.

Sale prices for office properties in Panama City, FL start at $315,000, averaging $1,051,358, and reaching up to $4,000,000 — 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 84
Office buildings 41
Medical Office Space 29
Coworking space 1
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
Panama City - 32401 $952.8K
Tallahassee - 32305 $4M

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)

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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