Looking to expand your real estate portfolio or jumpstart your journey as a landlord? This 5-unit multi-family property in Panama City offers steady cash flow and long-term value. partially rented / ready to lease (customize based on status) Low maintenance units - easy management Strong rental demand in the area Proximity to beaches, schools, and major employers Zoned for residential income-producing property Building 1 Type SFR AVERG Total Area 2,129 Heated Area 1,251 Exterior Walls AL SIDING Roof Cover ENG SHINGL Interior Walls DRYWALL Frame Type N/A Floor Cover CLAY TILE; CARPET Heat AIR DUCTED Air Conditioning CENTRAL Bathrooms 1 Bedrooms 3 Stories 1 Actual Year Built 1946 Building 2 Type 2 story apt. Total Area 1,643 Heated Area 1,346 Exterior Walls MINIMUM Roof Cover ENG SHINGL Interior Walls DRYWALL Frame Type N/A Floor Cover PINE WOOD Heat RAD ELEC Air Conditioning WINDOW Bathrooms 2 Bedrooms 4 Stories 2 Actual Year Built 1956 Building 3 Type DUPLEX Total Area 2,315 Heated Area 2,171 Exterior Walls ASB SHNGLE Roof Cover ENG SHINGL Interior Walls DRYWALL Frame Type N/A Floor Cover ASPH TILE Heat AIR DUCTED Air Conditioning CENTRAL Bathrooms 2 Bedrooms 3 Stories 1 Actual Year Built 1952
High-Visibility Commercial Building in the Heart of Bay County Excellent opportunity to own a 2,768 square foot commercial brick building situated on a large .446-acre corner lot offering easy access and outstanding exposure. Located on a high-traffic roadway with an estimated 8,099 vehicles per day, this property delivers prime visibility in the heart of Bay County. The site provides ample existing parking with abundant room for additional parking, building expansion, or added warehouse space. The building has long operated as a well-established animal hospital and features an entrance lobby, multiple exam rooms, offices, break room, two bathrooms, and boarding rooms. The versatile layout allows for a wide range of potential uses, including medical or dental office, HVAC, plumbing, electrical, or other professional or service-based businesses. Property improvements include two HVAC units, a tankless water heater, and a commercial-grade Generac Guardian generator. The roof and HVAC systems were replaced in 2019, offering peace of mind for a new owner. This is a turn-key commercial building offered at a fantastic price—ready for your business to move in and grow.
If you're considering your next business venture, check out HWY 231, which experiences an average daily traffic of around 27,000 vehicles, according to the 2023 AADT. See the property photos for quick reference to the AADT. This high visibility can lead to a thriving business. You'll have over 1.3 acres of prime commercial real estate that will help you take your business to the next level, with all the extra advertisement from this busy highway. This property is already located next to a high-traffic general store, attracting even more public attention. Feel free to reach out to your favorite Realtor today to learn more
3500 Square feet of retail/restaurant/etc. space on the busy corner of Harrison and 6th Streets right where the bustling downtown starts! It's a beautiful brick building which currently has 8 murals by some of Panama City's best artists. Inside are natural brick walls in the first area as you walk in and painted white in the secondary area. There are two bathrooms, an office space (currently used and set up as a secondary kitchen), full kitchen with commercial vent hood, walk-in cooler and extra storage space with double doors leading to the alley for receiving freight. THIS LISTING IS FOR THE BUILDING ONLY. FF&E (Shelving/Coolers/Freezers/Tables & Chairs, etc.) are not part of the transaction but can be purchased as well. Kitchen hood and walk-in freezer are included since they are permanent and go through the ceiling/roof. This is a prime Opportunity Zone property and won't last long!
Exciting Investment Opportunity for your growing business! This large corner lot is designated as Mixed Use and is in a very convenient central area. Currently used for vehicle storage and office space, there are a lot of options for your future business location. The office is open concept with storage in the rear of the building. This concrete block building was built to last and has an updated bathroom, split-unit HVAC system, and sturdy metal roof. A 32' x 48' slab is in the rear, with plumbing and sewer connection, ready for your warehouse or shop. Previous building damaged from Hurricane Michael. If this location and size work for you, let's discuss how we can make it the right fit! Showings allowed during open hours due for security reasons. Sale is for land and building only, the business does not convey. Business is moving within 30-60 days. Recent survey Available.
Located in the heart of Downtown Panama City, 23 E 8th Street offers a 2,031± square foot professional office unit ideal for owner users or investors seeking a well-positioned downtown presence. The space is well suited for a wide range of professional uses including legal, financial, medical office, consulting, or creative firms. The layout provides flexibility for private offices, open work areas, conference space, and reception, allowing tenants or owners to configure the space to meet operational needs. With direct access to downtown amenities and proximity to government offices, courthouses, and local businesses, this property supports both client-facing and administrative office users. Whether purchased as a long term investment or leased for immediate occupancy, this office unit represents a rare opportunity to secure space in Panama City's growing downtown core.
Discover the perfect setting for your next venture at 1415 Gulf Avenue. This Well maintained, single-owner building currently houses ''The Book Bin,'' a beloved local staple. Whether you are looking to continue the legacy of a community bookstore or envision a fresh retail concept, this location offers the visibility and character needed to thrive. Situated just off 15th Street near Lisenby Avenue, offering easy access and high visibility. With over 3,300 sq. ft. of interior space, the layout is ideal for a wide variety of retail or professional office uses. The list price is for the real estate and building only. However, for those dreaming of owning their own bookstore, the established business and extensive inventory are available for purchase separately at $600,000.
Check out this Unique Water Front property that can be used for a variety of purposes or as your new Residence! This property is comprised of approximately 3825 sq ft total H/C, at approximately 2530 sq ft H/C on the mail level and approximately 1295 sq ft H/C on the lower level! This facility has been used as a meeting place and church and could be converted to a residential home, although a land use exemption for use as ''Clubs, Lodges or Halls'' is in place. The site is comprised of two lots with approx. 200 feet on Martin Lake, and a large paved parking lot. The buildings main level features a commercial kitchen, commercial restrooms built to ADA code, Utility closet with water access, 2 meeting rooms(with carpet), foyer area, and Large main hall overlooking Lake Martin with a door leading out to the open deck area as well as another side door exit/entrance! The lower level is recently finished with new flooring, a full bath, new granite countertop, a large storage room inside and another large storage space you can access from the exterior, and there is added storage with a storage building outside as well. The roof was replaced in December 2018 and additional interior work has been completed since. All information should be verified by buyer or buyer's agent if important. Thank you for considering this unique property, call today for your private showing!
The Barron & Redding Law Office is available for sale. One of the most prestigious Class ''A'' law office buildings in Panama City. Located adjacent to the Bay County Courthouse on Massalina Bayou which leads directly to St. Andrew Bay and the Gulf of America. The 10,157 square foot, two-story office building is situated on 1.1 acres. Masonry construction with brick veneer and huge windows throughout. The entire office has extensive wood moldings, paneling, and trim, particularly in the attorney's offices, conference rooms, and law library. The two-story office includes 18 large private offices, 2 conference rooms, a law library, open office for paralegals and administration, workspace, large breakroom, and reception. Built in 1986 and renovated in 2019 following Hurricane Michael. The well-constructed building received minor damage from the Hurricane. The following renovations were completed: all new storm-rated impact windows and doors, new roof, new HVAC systems, and new flooring. There is +/-550 linear waterfront feet on Massalina Bayou with a submerged land lease in-place that provides for the deep-water dock space with a large pier and wooden dock capable of accommodating several large boats. Gorgeous views across Massalina Bayou. The Bay County Courthouse is less than 300' up McKenzie Avenue. Beautiful landscaping with mature oak trees all over the property. The location cannot be matched, and they truly do not make them like this anymore. The site plan, elevations, and floor plans are attached. Call for further details and to schedule a tour. Barron & Redding is merging with Hand Arendall.
This stunning commercial office space, located in the heart of downtown and adjacent to the courthouse, is now available for sale. The property has undergone a complete renovation from top to bottom, offering a modern and professional environment perfect for businesses of all sizes. Key Features: Five Private Offices: Each office is designed with functionality and style in mind, providing ample space for productivity and comfort. Conference Room: A spacious conference room is available, ideal for meetings, presentations, and collaborative work. Prime Location: Situated in the bustling downtown area, the property is just steps away from the courthouse, making it an ideal location for legal firms, consulting agencies, or other professional services. Completely Renovated: Every inch of this office space has been meticulously upgraded, including new flooring, lighting, HVAC systems, and high-end finishes throughout. This property is a rare find in such a sought-after location. Whether you're looking to expand your business or make a strategic investment, this commercial office space offers unparalleled value and convenience.
This well-located commercial property, formerly a bank, offers a unique opportunity for office, restaurant, or retail use. The building features a solid, professional layout with excellent visibility, easy access, and ample parking—ideal for businesses seeking a high-profile location. Inside, the space offers generous square footage, open areas suitable for customer-facing operations, and multiple private offices or rooms that can be reconfigured to meet your needs. High ceilings, strong infrastructure, and an efficient floor plan make the property adaptable for a wide range of business concepts, from professional offices to dining or retail establishments. The former bank design provides added value with features such as a welcoming lobby, secure areas, and durable construction, allowing for cost-effective conversion. Whether you're looking to establish a corporate office, medical or professional services, a restaurant, or a retail storefront, this property offers the flexibility and visibility to support your success. Endless possibilities in a proven commercial location.
Property offers a recently renovated +/-4,004-square-foot building, redesigned in 2023 to meet modern standards. Positioned along high-visibility Highway 22 and just minutes from Tyndall Air Force Base and central Panama City, this commercial property offers a rare combination of modern upgrades, flexible design, and strategic location, delivering a turnkey environment suitable for a wide range of professional uses. Featuring a highly adaptable floor plan, the space includes multiple oversized rooms ideal for medical or therapy services, collaborative training environments, or open workspaces. Seven versatile rooms can be configured as private offices, exam rooms, or meeting spaces, complemented by dedicated reception and administrative areas that support efficient workflow. The property also includes five restrooms, a kitchen/break area, and additional support spaces to accommodate staff and client needs. Outside, a secure fenced yard provides valuable storage or equipment space, while ample off-street parking ensures easy access for employees, clients, and visitors. Whether for medical, physical therapy, professional office, or training facility use, this modernized building offers exceptional flexibility and long-term value in a growing market.
BUSINESS ONLY - Turn-Key Dive Shop for Sale - 20+ Years Established in Panama City Beach Rare opportunity to own a highly respected, long-standing dive shop located in Panama City Beach, one of the top diving destinations in the United States. Operating successfully for over 20 years, this full-service shop is perfectly positioned directly across the street from the only U.S. military dive-training base, providing unmatched visibility and a steady flow of customers year-round. The owner is retiring and offering a complete, turn-key package that includes: Full inventory of retail dive equipment and accessories All rental gear, well-maintained and ready for immediate use Established brand name and fully operational website Modern POS system and operational infrastructure Transfer of the commercial client database, including longstanding SDI certification accounts Proven reputation with decades of local trust and repeat business With a prime location, strong commercial relationships, and a loyal customer base built over two decades, this dive shop offers incredible potential for continued growth. Whether you're an experienced dive professional or an entrepreneur looking to step into a thriving coastal industry, this rare business opportunity in PCB is ready for its next chapter. Step into a legacy—own one of Panama City Beach's most respected dive operations.
This industrial warehouse presents a rare opportunity to secure a highly visible flex space at the front entrance of Sweet Bay, directly off Highway 390. Offering 5,400 square feet of warehouse space paired with 800 square feet of office space. The site benefits from approximately 22,500 vehicles passing daily, ensuring strong exposure and accessibility, while the subtle presence of a national communications company adds professional credibility to the setting. Recent 2025 renovations elevate the property's appeal, including a brand-new roof, full spray foam insulation, and fresh interior paint throughout. A modern security system enhances safety. Fenced yard and ample parking. This property stands as a compelling net investment in one of the area's most dynamic commercial corridors.
644 W Caladium Circle presents a rare, high-performing investment opportunity in a premier beachside location. This fully refreshed 26-unit complex features 22 studios, two 1BR/1BA units, and two 2BR/1BA unitsâ''each updated with new paint, composite flooring, modern fixtures, refreshed bathrooms, and upgraded appliances. A consistently strong occupancy rate ensures immediate Day-One cash flow, further enhanced by an income-producing onsite laundry facility that adds to overall revenue. Ideally positioned directly across from the Gulf with beach views and easy walkability to dining, shopping, Pier Park, Topgolf, and easy access to Dolly Parton's Pirates Voyage Dinner & Show, this property offers exceptional potential for both long-term and short-term rental strategies. With recent pricing adjustments, this coastal asset now delivers even greater value in one of PCB's most in-demand corridors.
This 50-unit garden-style community delivers strong fundamentals and consistent performance, supported by a diverse unit mix of 8 one-bed, 20 two-bed, 12 three-bed, and 10 four-bed units. With 42 units renovated since 2020—featuring updated flooring, fresh paint, windows, and fixtures—the property offers modern appeal and reduced turnover risk. Additional income is generated through an on-site laundry facility, and a separate office building with storage provides valuable operational flexibility. Major capital improvements include new metal roofs, upgraded electrical panels, and multiple HVAC and water-heater replacements, minimizing near-term CapEx exposure. Steady occupancy and an assumable $4.57M, 3.75% fixed-rate non-recourse loan enhance the investment's strength in today's lending environment. Positioned near major retailers, schools, employment centers, and within minutes of Panama City Beach, the property sits in a high-demand rental corridor with long-term growth potential. A recent price adjustment further improves the opportunity for investors seeking stability and upside.
Courtesy: Luxe Coastal Realty Group LLC
848-220-5555
This 50-unit garden-style community delivers strong fundamentals and consistent performance, supported by a diverse unit mix of 8 one-bed, 20 two-bed, 12 three-bed, and 10 four-bed units. With 42 units renovated since 2020--featuring updated flooring, fresh paint, windows, and fixtures--the property offers modern appeal and reduced turnover risk. Additional income is generated through an on-site laundry facility, and a separate office building with storage provides valuable operational flexibility. Major capital improvements include new metal roofs, upgraded electrical panels, and multiple HVAC and water-heater replacements, minimizing near-term CapEx exposure.
This 50-unit garden-style community delivers strong fundamentals and consistent performance, supported by a diverse unit mix of 8 one-bed, 20 two-bed, 12 three-bed, and 10 four-bed units. With 42 units renovated since 2020—featuring updated flooring, fresh paint, windows, and fixtures—the property offers modern appeal and reduced turnover risk. Additional income is generated through an on-site laundry facility, and a separate office building with storage provides valuable operational flexibility. Major capital improvements include new metal roofs, upgraded electrical panels, and multiple HVAC and water-heater replacements, minimizing near-term CapEx exposure. Steady occupancy and an assumable $4.57M, 3.75% fixed-rate non-recourse loan enhance the investment's strength in today's lending environment. Positioned near major retailers, schools, employment centers, and within minutes of Panama City Beach, the property sits in a high-demand rental corridor with long-term growth potential. A recent price adjustment further improves the opportunity for investors seeking stability and upside.
This exceptional 34-unit waterfront community, complete with a 22-slip marina, is now offered at a newly adjusted price, creating an even stronger value proposition for investors. In addition to its comprehensive renovations and prime waterfront amenities, the property includes an income-generating on-site laundry facility and a low-maintenance marina that produces steady net revenue, further strengthening the asset's operational performance. With 22 units fully renovated down to the studs in 2020, upgraded mechanicals, new roofs, contemporary interiors, and a history of consistently high occupancy, this community offers both stability and long-term growth potential. Positioned within the heart of Downtown Panama City's ongoing revitalizationfeaturing upgraded streetscapes, improved walkability, and renewed waterfront developmentthis asset remains one of the most compelling opportunities in the market. The pricing adjustment simply aligns the offering with current investor activity and enhances the property's already strong return profile.
This 50-unit garden-style community delivers strong fundamentals and consistent performance, supported by a diverse unit mix of 8 one-bed, 20 two-bed, 12 three-bed, and 10 four-bed units. With 42 units renovated since 2020—featuring updated flooring, fresh paint, windows, and fixtures—the property offers modern appeal and reduced turnover risk. Additional income is generated through an on-site laundry facility, and a separate office building with storage provides valuable operational flexibility. Major capital improvements include new metal roofs, upgraded electrical panels, and multiple HVAC and water-heater replacements, minimizing near-term CapEx exposure. Steady occupancy and an assumable $4.57M, 3.75% fixed-rate non-recourse loan enhance the investment's strength in today's lending environment. Positioned near major retailers, schools, employment centers, and within minutes of Panama City Beach, the property sits in a high-demand rental corridor with long-term growth potential. A recent price adjustment further improves the opportunity for investors seeking stability and upside.
This is PRIME Mixed-Use opportunity in the heart of Panama City, Florida! This versatile commercial property offers endless potential situated on 0.45 acres in a high-visibility, centrally-located corridor of Panama City. Zoned Mixed Use-3, this property allows for both commercial and residential uses...ideal for investors, business owners, trades, storage, flex space, or future redevelopment. Offering approximately 2,800 square feet, this property features one large warehouse divided into two units, each with separate entrances, individual electrical meters, and shared other utilities. Both units include full-size garage doors, private bathrooms, and flexible layouts to accommodate a wide range of uses. Unit B also features a convenient kitchenette. This setup is ideal for an owner investor who wishes to operate out of one unit and rent the additional unit to a tenant for an income-producing property. The property is fenced, provides ample parking, and offers excellent accessibility and visibility with its central location to downtown Panama City, Highway 231 and 15th Street. This is an incredible opportunity to purchase flexible space in a fast-growing area of Panama City, Florida! Buyer to verify all information, if deemed important.
Completely revitalized and effectively new as of 2021, this 14-unit multifamily property offers an exceptional turnkey investment opportunity. Each studio unit is approximately 280 square feet and has been fully updated as of 2021 with brand-new electrical wiring, sewer and water lines, windows and doors, drywall, trusses, and roof. With full occupancy and consistent rental income, this asset provides stable cash flow and minimal operational headaches. The site includes 15 parking spaces to accommodate tenants and guests comfortably. Investors will appreciate the potential cap rate of approximately 10%, underscoring the property's strong performance and value within the local rental market. Whether held as a steady income producer or added to a growing portfolio, this property stands out as a rare opportunity to acquire a fully renovated multifamily complex offering modern infrastructure and long-term financial strength. Rent roll and financials available upon request.
Commercial property and building available for immediate sale or lease on Jenks Avenue and 12th Street. This property features over 1,196 square feet of space suitable for multiple business uses, both retail and/or professional offices. With excellent accessibility from both Jenks Avenue and 12th Street. The building also has approximately 168 square feet of additional heated and cooled space that has been enclosed. The building has large open rooms, kitchen/break room area, and 2 bathrooms. The roof has been replaced, and the HVAC system is updated with additional tonnage for optimum cooling. The lot dimensions are 75' x 140'. The large outdoor area would be suitable for additional parking or other uses. The property has easy access with direct frontage on Jenks Avenue and access on 12th Street. The property is zoned Mixed Use 4 by the City of Panama City. Please contact listing agent for any additional information.
Here's a great opportunity for your business on one of the busiest intersections in the county, smack-dab in the middle of the business corridor of Parker, FL. This general commercial lot is located on 2 principle artery roadways, with average daily traffic counts of over 19000/day on Tyndall Parkway- Hwy 98, and 7900 per day on E.Business 98, according to the Florida DOT; making this parcel extremely convenient to Tyndall Air Force Base and Mexico Beach. Acquire this prime commercial location with road frontage on 3 sides, including approx 184 feet of Hwy 98 frontage! Included in the sale is a brand new 3360 SF building with 1000 SF of heated and cooled space. This is a turn-key operation to acquire an established, thriving Auto sales location. No other auto shops licenses will be granted on this main artery to Tyndall and Mexico Beach. Or, this commercial location can accommodate whatever you're needing with development standards of: Maximum building height is 60 feet/6 stories, 10 ft setbacks on 3 sides, and maximum lot coverage of 90% allowable. This quaint, small area of Florida is growing with visitors due to the bays, bayous, new developments and new city fishing pier and boat launch, all within a few blocks of this parcel. . (Some, not all inventory shall convey. Lifts and permanent structures to convey. Buyer to verify any and all information that is important.)
Welcome to Mochinut - a well-established Donut Shop, offering a diverse selection of items that's not so normal, where the concept of normality is subjective, backed by extraordinary flavors and a Varity to options that make your guest turn into clients! Mochi donut is the titillating product of the happy union between Japanese rice cake (mochi) and American-style doughnuts, which originated in Hawaii. Mochinut offers Mochi Donuts, Korean Rice Flour Hotdogs, Bubble Tea Drinks and Soft Serve ice cream. The Best item they serve is an ice cream cup with an indention for the special and delightful donut, allowing one to enjoy the once in a lifetime combinational taste and a fulfilled satisfaction of your sweet tooth craving. P&L will be provided in Documents tab
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 Central Panhandle Association of Realtors® Multiple Listing Service, Inc. – All Rights Reserved.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 Emerald Coast Association of REALTORS® - All Rights Reserved. Vendor Member Number 28170
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of Tallahassee Board of Realtors. The information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc.
Panama City is located in Florida. Panama City, Florida has a population of 34,521. Panama City is less family-centric than the surrounding county with 24.07% of the households containing married families with children. The county average for households married with children is 27.71%.
The median household income in Panama City, Florida is $51,569. The median household income for the surrounding county is $60,473 compared to the national median of $69,021. The median age of people living in Panama City is 39.2 years.
The average high temperature in July is 90 degrees, with an average low temperature in January of 42 degrees. The average rainfall is approximately 59.8 inches per year, with 0 inches of snow per year.
