Panama City, FL Office Spaces for Sale

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Updated: Apr 18

Three-Building Flex Office Property

2901 W 17th Street, Panama City, FL 32405

$1,375,000

9,050 sqft 0.92 AC lot

Over 9,000 sq ft of heated and cooled space across three buildings
Three‑building setup allows for multiple divisions or potential rental income
Multiple private offices, conference rooms, and adaptable workspace
Abundant on‑site parking plus a gated storage yard
Detached outbuilding for storage, workshop, or support operations

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This listing looks promising.

Here's a quick look at some key insights for

2901 W 17th Street, Panama City, FL 32405

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Est. Cap Rate

8.3%
Above avg (5.9%)
Est. NOI

$114K
Annual
Price @ 7% Cap

$1.63M
Above asking
Last Sold

Dec 2019
$635K
Property Type

Commercial Office (General)
Built 1950

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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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Mixed-Use Office Property

854 Magnolia Avenue, Panama City, FL 32401

$775,000

1,708 sqft 0.64 AC lot

Remodeled custom property on a 0.64-acre lot with mixed-use flexibility and multiple entrances, including two suite setups.

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Two Panama City Office Buildings

2309 Frankford Avenue, Panama City, FL 32405

$1,199,000

3,555 sqft 0.35 AC lot

Two office buildings for sale in Panama City, Florida.

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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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Assisted Living/Healthcare Building

722 N Martin Luther King Junior Boulevard, Panama City, FL 32401

$650,000

3,100 sqft 0.27 AC lot

Commercial building with 10 bedrooms and 8 bathrooms on a 0.27-acre lot.

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Prime Commercial Panama City Location

2209 Thomas Dr, Panama City, FL 32408

$1,490,000

1.15 AC lot

Office, retail, or restaurant opportunity in Panama City Beach.

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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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Office and Shop with Lay-Down Yard

1219 Transmitter Road, Panama City, FL 32401

$849,000

4,162 sqft 1.49 AC lot

1.49-acre site includes a multi-room office building, large parking, and a detached partially heated/cooled shop.

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Waterfront Class A Law Office

220 Mckenzie Avenue, Panama City, FL 32401

$2,950,000

10,157 sqft 1.10 AC lot

Two-story masonry office building with extensive wood interior features and waterfront dock capacity on Massalina Bayou.

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Versatile Warehouse with Rental Income

1509 Hickory Avenue, Panama City, FL 32405

$799,000

4,300 sqft 0.21 AC lot

4,300 SF warehouse with rental opportunity in Panama City.

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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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Leased Office Building with Parking

1148 Jenks Avenue, Panama City, FL 32401

$330,000

1,868 sqft 0.16 AC lot

Income-producing office building with six offices, two restrooms, and ample on-site parking for tenants and visitors.

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Panama City Flex Warehouse

1117 Saint Andrews Blvd, Panama City, FL

$1,400,000

7,200 sqft 0.79 AC lot

7,200 SF flex warehouse in Panama City for lease.

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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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Commercial Land Panama City, FL

15th Street, Panama City, FL 32404

$392,900

2.00 AC lot

Commercial property with high visibility and superb daily traffic count.

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High-Spec Flex Industrial Complex

2532 Joan Avenue, Panama City, FL 32408

$2,500,000

9,000 sqft 1.00 AC lot

9,000 SF flex industrial complex with vertical expansion potential.

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Renovated Mixed-Use Commercial Opportunity

5420 Hickory Street, 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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Contractor Site with Office, Shop

1219 Transmitter Road, Panama City, Panama City, FL 32401

$849,000

4,162 sqft 1.49 AC lot

1.5 acre site with office, shop, and lay-down yard.

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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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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

2,768 SF commercial building on 0.446-acre corner lot.

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Renovated Office Building Panama City

1834 Lisenby Ave, Panama City, FL

$1,450,000

10,136 sqft 1.13 AC lot

Move-in ready office building in the heart of Panama City.

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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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West 23rd Street Commercial Opportunity

3707 W 23rd Street, Panama City, FL 32405

$315,000

1,046 sqft 0.10 AC lot

Versatile commercial property on a busy Panama City corridor.

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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 40 active listings on our real estate platform. These investment opportunities span a total of 182,182 square feet of properties for sale, with an estimated market value of $37,765,800.

Sale prices for office spaces in Panama City, FL start at $315,000, averaging $1,398,733, and reaching up to $5,310,000 — 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

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	$1.1M
32404	$1.2M
32405	$1.2M
32408	$1.4M

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)

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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