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    Industrial Flex Space with Showroom
    Updated: May 22
    Industrial 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 with warehouse, showroom, office, and mezzanine areas
    7,134 SF warehouse with ceilings approaching 21 feet
    1,391 SF mezzanine for storage or workspace expansion
    1,153 SF finished showroom with LED pendant lighting
    600‑amp, 240/120V 3‑phase electrical service with roughly 70% spare capacity
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    Three-Building Flex Office Property
    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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    Flex Building with Office Space
    Flex Building with Office Space

    1509 Hickory Avenue, Panama City, FL 32405

    $799,000
    4,300 sqft 0.21 AC lot

    Versatile commercial building with warehouse, office, manufacturing, and potential multi-occupant functionality.

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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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    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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    Remodeled Mixed-Use Property
    Remodeled Mixed-Use Property

    5045 E Highway 98, Panama City, FL 32404

    $525,000
    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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    Historic Office Building with Suites
    Historic Office Building with Suites

    854 Magnolia Avenue, Panama City, FL 32401

    $650,000
    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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Veterinary Medical Center
    Veterinary Medical Center

    247 N Highway 22 A, Panama City, FL 32404

    $349,900
    2,768 sqft 0.45 AC lot

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

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

    2901 W 17th Street, 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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    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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    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

    The property offers substantial office space on a 2.684-acre site with public water and sewer service.

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    Ground-Floor Medical Office Space
    Ground-Floor Medical Office Space

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

    $905,000
    2,446 sqft

    Medical office space offers direct hospital access through a connected corridor.

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

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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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    Prestigious Law Office Building
    Prestigious Law Office Building

    220 Mckenzie Avenue, Panama City, FL 32401

    $2,950,000
    10,157 sqft 1.00 AC lot

    Class A office building near Bay County Courthouse.

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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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    Mixed-Use Property with Flexible Layout
    Mixed-Use Property with Flexible Layout

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

    $650,000
    3,100 sqft 0.27 AC lot

    Brick-and-block property with adaptable rooms and convenient access to downtown, shopping centers, and the hospital.

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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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    Income-Producing Office Building
    Income-Producing Office Building

    1148 Jenks Avenue, Panama City, FL 32401

    $325,000
    1,868 sqft 0.16 AC lot

    Established tenants occupy a six-office commercial property with on-site parking and access to major roads.

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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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    Versatile Commercial Building For Sale
    Versatile Commercial Building For Sale

    2209 Thomas Drive, Panama City, FL 32408

    $1,490,000
    2,430 sqft

    Former bank building suitable for office, restaurant, or retail.

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    Renovated Mixed-Use Commercial Opportunity
    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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    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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    Multi-Building Professional Office Center
    Multi-Building Professional Office Center

    2420 Jenks Ave, Panama City, FL 32405

    Contact for pricing
    22,000 sqft

    Multi-use professional center with three office buildings totaling about 22,000 sf and newly installed 2022 roofs.

    View details
    Professional Office Building For Sale
    Professional Office Building For Sale

    1806 Brown Avenue, Panama City, FL 32405

    $550,000
    3,476 sqft 0.20 AC lot

    Modern office building with versatile suites and high-end finishes.

    View details

    Panama City, FL Office Spaces Market Trends and Statistics

    Explore 72 office spaces for sale in Panama City, FL, showcased through 61 active listings on our real estate platform. These investment opportunities span a total of 345,985 square feet of properties for sale, with an estimated market value of $39,283,900.

    Sale prices for office spaces in Panama City, FL start at $150,000, averaging $1,122,397, 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 101
    Office buildings 55
    Medical Office Space 36
    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 $956.8K
    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)

    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

    • 32405
    • 32401
    • 32404
    • 32408
    • 32305

    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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