Panama City FL Real Estate & Commercial for Sale

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Beds:
n/a
Baths:
Sq.Ft.:
3,089
Status:
NEW LISTING
MLS#:
788527
Type:
Other
Subdivision:
Ware Estate
Lot size:
0.23 Acres
Year built:
1940
Courtesy: St Andrews Bay Realty John McVeigh 850-527-6060
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ADDITIONAL INFORMATION

ONE OF A KIND location in Historic St. Andrews. 1001 Beck Avenue. Business for Sale. $90,000. Turn Key Operation. This 15 year Restaurant/Bar for sale is an amazing opportunity and has lots of potential. The location is perfect. Lots of shops and restaurants in the area with lots of foot traffic. Formally Granite Cafe. Currently Thai Basil Restaurant . It is located on Beck Avenue and 10th Street. Across the street from Oaks By the Bay Park. There is new city parking right behind the business. Long term lease available. Lease to be determined between parties. Available immediately. Please contact Broker/Agent for info.

Beds:
n/a
Baths:
Sq.Ft.:
9,425
Status:
NEW LISTING
MLS#:
788403
Type:
General Commercial
Subdivision:
[No Recorded Subdiv]
Lot size:
0.8 Acres
Year built:
2005
Courtesy: Counts Real Estate Group Inc Eddie Tarter 850-258-9572
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ADDITIONAL INFORMATION

Prime commercial opportunity just minutes from Panama City Beach, positioned on a high-traffic corridor with excellent visibility and corner lot access. This versatile property features three total units, anchored by a well-established, turnkey tire and auto repair center. The main unit is fully equipped and operational, boasting five bay doors, professional-grade lifts, compressors, and all necessary equipment included in the sale--offering a seamless transition for an owner-operator or investor. In addition to the primary business space, the property includes two income-producing rental units with long-term tenants already in place, providing immediate and stable cash flow. One of the rental units also benefits from an additional bay door, enhancing functionality and appeal for automotive or light industrial use. A standout feature is the expansive, fully fenced outdoor area ideal for auto storage, fleet parking, or expansion opportunities--adding significant value and flexibility to the site. With strong frontage, steady traffic counts, multiple income streams, and a turnkey operation included, this property presents an exceptional investment opportunity in a rapidly growing coastal market.

Beds:
n/a
Baths:
Sq.Ft.:
5,026
Status:
Active
MLS#:
788117
Type:
Retail
Subdivision:
[No Recorded Subdiv]
Lot size:
0.86 Acres
Year built:
1977
Courtesy: Think Real Estate Scott Pippin 850-896-9953
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ADDITIONAL INFORMATION

Large commercial .86 Acre corner parcel on 15th St located on main corridor connecting hwy 231 to the beaches. Zoned GC-2 Currently operated as a retail store with 20 parking spaces and fenced in 125'x125' lot behind the building. Building is +- 3,631 SQFT heated and cooled with large covered storage area in rear of the building. Parcel is aprox 300ft deep by 125ft wide and located next to large anchor company Uhaul. Lots of opportunity with this parcel and fast growing 15th st, will not be effected by coming overpass. Current side office, half of back of property and small front display area leased for $3200.00 per month

Beds:
n/a
Baths:
Sq.Ft.:
1,674
Status:
Active
MLS#:
786992
Type:
Office
Subdivision:
No Named Subdivision
Lot size:
0.34 Acres
Year built:
1959
Courtesy: Keller Williams Success Realty The Jarrett Group 850-279-5911
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ADDITIONAL INFORMATION

Prime Commercial Opportunity - Turnkey, High-Visibility Location! Take advantage of this exceptional opportunity for investors or owner-users seeking a fully operational, move-in-ready commercial space. SBA eligible and ideal for an owner-occupant, this beautifully updated building is perfectly positioned in a high-traffic area just minutes from downtown, offering outstanding visibility and accessibility for a wide range of businesses. Previously utilized as a successful tattoo studio, the property is well-suited for medical or therapy offices, professional services, boutique retail, wellness businesses, or creative workspaces. The flexible layout and welcoming atmosphere make it easy to adapt the space to fit your specific needs. Inside, you'll find a bright and inviting lobby with a reception counter, seven private rooms or offices, a convenient break room with kitchenette, and three bathrooms, including one with a shower. The current owner has thoughtfully refreshed the entire building, creating a clean, modern environment that allows you to step in and start operating immediately. The exterior improvements further enhance the property's appeal, featuring a newly installed parking lot and an 8-foot privacy fence surrounding the premises--providing security, convenience, and peace of mind for both clients and staff. Whether you're launching a new venture, relocating your business, or expanding your portfolio, this plug-and-play commercial property offers the visibility, functionality, and readiness to support your success from day one.

Beds:
n/a
Baths:
Sq.Ft.:
6,200
Status:
Active
MLS#:
786953
Type:
Other
Subdivision:
No Named Subdivision
Lot size:
1.26 Acres
Year built:
1955
Courtesy: Compass Florida, LLC Katilyn Scott 850-819-5695
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ADDITIONAL INFORMATION

388' OF PRIME HWY 98 FRONTAGE • 1.26 ACRE CORNER LOT • FLEXIBLE MIXED-USE ZONING - Position your business on one of Panama City's most visible commercial corridors! Located directly on Business Hwy 98 (E 5th Street) with an AADT of 19,300 vehicles, this 1.26-acre corner property offers an impressive 388' feet of prime highway frontage, providing exceptional visibility, accessibility, and marketing exposure. The fully fenced in property allows two convenient access points for ingress and egress, making the property ideal for customer access, deliveries, and operational logistics. Zoned as Neighborhood Downtown (ND), this flexible mixed-use zoning designation allows for a broad range of potential commercial, residential, and mixed-use development opportunities (more information in document section). The property features roughly 6,200 square feet of total building space, including the main operational building with a reception area, two offices, three bathrooms, and a spacious 52'5'' x 32' open sewing and multi-purpose workspace. The building also includes a 43' x 44' receiving and logistics area, currently unfinished but fully equipped with its own HVAC system and two roll-up doors, offering flexible space for storage, production, or distribution operations. In addition, the property includes a separate 1,500-square-foot heated and cooled welding workshop, also equipped with roll-up doors, providing a functional workspace suitable for fabrication and mechanical uses. *Newer HVACs on site and a 2019 metal roof. Located within the Millville Downtown District and just minutes from the revitalized Downtown Panama City waterfront, the property lies within a Community Redevelopment Agency district (CRA), providing potiental incentives and grant programs that may support property improvements or redevelopment. The established business currently operating on the property, is also available for purchase in conjunction with the property; however, the business valuation is separate from the advertised real estate price. Bob's Top Shop is a well-established custom awning and canvas fabrication business with deep roots in Panama City, known for producing high-quality commercial and residential awnings, marine canvas, and specialty products throughout NW Florida. With decades of brand recognition, repeat clientele, and strong community relationships, this presents a rare opportunity for an owner-operator, contractor, or investor seeking a respected local brand with continued growth potential. Whether you're interested in acquiring the property as a ready-to-go operation or exploring the many development possibilities for your own business, this highly visible and strategically positioned site offers endless opportunities. Don't wait, schedule your showing today! Parcels 22284-000-000 & 22704-000-000 being sold together. Buyer to verify all measurements.

Beds:
n/a
Baths:
Sq.Ft.:
1,708
Status:
Active
MLS#:
786746
Type:
Office
Subdivision:
No Named Subdivision
Lot size:
0.64 Acres
Year built:
1938
Courtesy: Keller Williams Success Realty Dennis Nelson 850-348-8262
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ADDITIONAL INFORMATION

Welcome to this one-of-a-kind custom property on a huge half-acre lot in the heart of historic Panama City. Superb craftsmanship and luxury materials with unique details you have to see to believe. Classic style with newly refinished wood floors, and all new interior tongue and groove pine walls, with cathedral ceilings. Mixed-Used zoning allows for multiple commercial uses including offices. With multiple entrances it can be diverse for several tenants. Two large suites are each complimented by cozy gas fireplaces, walk-in closets, and custom bathrooms with tiled showers. Each have private entrances for accessibility, or future rental capabilities. An additional room has access to the 3rd bathroom, conveniently located right off the kitchen. The open living area with new kitchen will impress your clients, with sleek quartz countertops and high end kitchen cabinetry. New stainless appliances and under-cabinet lighting provide the finishing touches to this gorgeous kitchen. A living area immediately upon entry can serve as a waiting room, reception area, display, or presentation room. Modern amenities include Built-in deluxe speakers throughout the home, as well as security and Nest systems that convey. With .636 acres of high and dry land, there's room for more structures, accessory dwelling units, equipment, storage, or additional parking. Located within minutes to revitalized and booming downtown Panama City, with dozens of new businesses, restaurants, shops, and activities. The area is abundant with parks, boating, fishing, events, and ongoing improvements to the area. Whether looking for your next business location, or investing in the future of Panama City, this property has room to add a pool, parking, outbuildings, and so much more! Also offered as a commercial lease. An additional concrete patio was prepared, but not yet finished. See pictures for similar design. Alterations to the property can be negotiated including necessary improvements for your business: parking areas, fencing, accessibility features (ramp), etc. All appliances, including HVAC and Water Heaters, are within 3 years old and warrantied. This entire home has been remodeled by quality contractors and is like new, with some original touches kept for historic and aesthetic value. Also offered for Lease at $5,000.00 Monthly NNN for 5 year minimum. Longer leases are negotiable.

Beds:
n/a
Baths:
Sq.Ft.:
5,000
Status:
Active
MLS#:
785582
Type:
Industrial
Subdivision:
No Named Subdivision
Lot size:
0.49 Acres
Year built:
2005
Courtesy: Panhandle Real Estate Thomas Bachelder 850-866-5577
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ADDITIONAL INFORMATION

Exceptional opportunity to acquire a 5,000± square foot, climate-controlled commercial building designed for high-function , commercial, automotive, fabrication, woodworking, warehouse, and storage uses. This Quonset-style steel structure offers durable construction, modern mechanical systems, and flexible interior layout--ideal for owner-users or investors seeking a versatile commercial asset. 5,000± SF Climate-Controlled Interior 3-Phase Power - suitable for heavy equipment, machinery, and commercial operations. Spray Foam Insulation (walls & roof) for energy efficiency and temperature stability Epoxy-Coated Concrete Floors - durable, clean, and chemical-resistant 14' Front Sliding Door providing excellent access for vehicles, equipment, and deliveries Upgraded LED Lighting throughout for bright, efficient workspace Commercial HVAC System designed for full-building climate control Interior Improvements included are Dedicated Office Area - ideal for administrative or customer-facing operations, Kitchenette with cabinetry and workspace. Ample Storage Areas supporting operational efficiency, flexible open-span layout allowing for reconfiguration based on need. This property supports a wide range of commercial applications, including but not limited to: Cabinetry & woodworking shop Automotive service or specialty fabrication, Warehouse & distribution, Contractor operations, Equipment storage, Light manufacturing or assembly. Mixed office Construction & Systems Highlights include Steel arch / Quonset-style construction, Concrete slab foundation suitable for commercial loads, Modern electrical infrastructure with industrial capacity, Energy-efficient insulation and lighting systems. Investment & Owner-User Appeal include a Functional, move-in-ready industrial space, High utility with minimal layout constraints, Strong long-term durability and low maintenance construction and Suitable for both owner-occupants and income-producing strategies. The 12± Ft. x 40± Ft. portable building can be purchased separately. This property delivers rare versatility, industrial-grade power, and modern interior improvements in a compact, efficient footprint. Ideal for businesses seeking a clean, climate-controlled, and adaptable commercial facility in the Panama City market.

Beds:
n/a
Baths:
Sq.Ft.:
4,768
Status:
Active
MLS#:
784336
Type:
Multi-Family
Subdivision:
[No Recorded Subdiv]
Lot size:
0.32 Acres
Year built:
1946
Courtesy: Keller Williams Success Realty Will Pender 850-358-3610
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ADDITIONAL INFORMATION

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

Beds:
n/a
Baths:
Sq.Ft.:
3,500
Status:
Active
MLS#:
784122
Type:
Other
Subdivision:
Gulf Coast Dev Co Plat
Lot size:
0.08 Acres
Year built:
1940
Courtesy: Gulf Life Real Estate Inc Rodney King 850-851-8778
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ADDITIONAL INFORMATION

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!

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
994951
Type:
General Commercial
Lot size:
0.15 Acres
Courtesy: Counts Real Estate Group Inc Christopher McCall 850-814-9889
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ADDITIONAL INFORMATION

Welcome to one of the most structurally impressive buildings in all of Bay County. The Mashburn Building was constructed entirely of poured concrete from foundation to roof, engineered with the strength and durability of a parking garage. In recent years, hundreds of thousands of dollars in additional steel reinforcement have been added to the structure, making it one of the strongest private buildings in the county. Now, the rooftop is ready for your big idea. The rooftop spans +/-6,000 square feet and includes two staircases and one elevator for easy access. The structure is strong enough to support multiple stories, allowing for additional concepts such as residential condos above a restaurant or bar. Preliminary concept plans have been developed for a rooftop restaurant and bar, and these are available for your use at no cost. They are designed to help you visualize the possibilities, though a licensed architect and structural engineer will need to finalize the plans to suit your concept. From this vantage point, you can take in one of the best views in the entire Florida Panhandle, a sweeping panorama that stretches from the Hathaway Bridge and Saint Andrews across downtown all the way to Thomas Drive, Front Beach Road, Tyndall Air Force Base, and Callaway. On a clear day, you can even see Tommy Oliver Stadium and Twenty Third Street. Photos simply cannot capture what it feels like to stand here in person. All major utilities required to operate a restaurant, bar, or additional residential units are already stubbed to the roof and ready for connection. There are no stormwater requirements, and no parking requirements are needed for this project. You can use the shared parking that downtown offers for you and your customers. A restaurant or bar here would be the crown jewel of our area. If executed with creativity and vision, this space could easily be featured in magazines across the southeast. This is your opportunity to create something iconic, an elevated destination that will redefine downtown Panama City's skyline and nightlife. The first floor commercial space is also listed for sale. See MLS #785003

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
994936
Type:
General Commercial
Lot size:
0.15 Acres
Courtesy: Counts Real Estate Group Inc Christopher McCall 850-814-9889
View additional info

ADDITIONAL INFORMATION

* Rare Retail & Restaurant Opportunity in Historic Downtown Panama City * Discover a rare opportunity to own a premier commercial space in *The Mashburn Building*—an iconic four-story development redefining luxury and community in the heart of Historic Downtown Panama City, Florida. This first-floor commercial condo offers an exceptional location for retail, dining, or boutique business ventures along Harrison Ave. Situated at 436 Harrison Avenue, this space provides high visibility, easy pedestrian access, and a front-row presence on Panama City's beautifully revitalized streetscape. The Mashburn Building seamlessly blends historic charm with modern sophistication, featuring 26,000 square feet of distinctive architecture. The upper floors showcase industrial-style residential lofts, while the ground level is dedicated to vibrant retail and restaurant concepts designed to enhance the energy and culture of downtown living. Construction is underwaynow is the time to secure your place in this transformative development. Immerse your business in the renewed vitality of Harrison Avenue, surrounded by local shops, restaurants, and the charm of Panama City's historic core. * Prime first-floor commercial condo opportunity * Ideal for retail, café, or restaurant use * Located in the heart of Historic Downtown Panama City * High foot traffic and street visibility on Harrison Avenue * Part of a mixed-use development with residential lofts above * Construction in progressreserve your space now Be part of the rebirth of Downtown Panama City. The Mashburn Building isn't just a locationit's a destination.

Beds:
n/a
Baths:
Sq.Ft.:
3,375
Status:
Active
MLS#:
783525
Type:
Retail
Subdivision:
No Named Subdivision
Lot size:
0.05 Acres
Year built:
1988
Courtesy: Beachy Beach Real Estate Jennifer Bowman 850-258-1509
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ADDITIONAL INFORMATION

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.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
992263
Type:
General Commercial
Lot size:
1 Acres
Courtesy: Counts Real Estate Group Inc Christopher McCall 850-814-9889
View additional info

ADDITIONAL INFORMATION

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.

Beds:
n/a
Baths:
Sq.Ft.:
1,626
Status:
Active
MLS#:
782998
Type:
Office
Subdivision:
No Named Subdivision
Lot size:
0.11 Acres
Year built:
1978
Courtesy: Hitchcock Real Estate LLC Brenton Hitchcock 850-738-5002
View additional info

ADDITIONAL INFORMATION

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.

Beds:
n/a
Baths:
26.00
Sq.Ft.:
n/a
Status:
Active
MLS#:
R11145663
Type:
Multi-Family
Lot size:
0.26 Acres
Year built:
1982
Courtesy: Luxe Coastal Realty Group LLC 848-220-5555
View additional info

ADDITIONAL INFORMATION

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.

Beds:
n/a
Baths:
50.00
Sq.Ft.:
33,060
Status:
Active
MLS#:
R11145658
Type:
Multi-Family
Lot size:
2.8 Acres
Year built:
1970
Courtesy: Luxe Coastal Realty Group LLC 848-220-5555
View additional info

ADDITIONAL INFORMATION

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.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
R11145658
Type:
Other
Subdivision:
Magnolia Cove Apartments
Lot size:
2.8 Acres
Year built:
1970
A broker reciprocity listing Courtesy: Luxe Coastal Realty Group LLC 848-220-5555
View additional info

ADDITIONAL INFORMATION

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.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
990826
Type:
General Commercial
Lot size:
1.51 Acres
Courtesy: Luxe Coastal Realty Marcy O'Donnell 848-220-5555
View additional info

ADDITIONAL INFORMATION

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.

Beds:
n/a
Baths:
Sq.Ft.:
33,060
Status:
Active
MLS#:
782381
Type:
Multi-Family
Subdivision:
[No Recorded Subdiv]
Lot size:
2.8 Acres
Year built:
1970
Courtesy: Luxe Coastal Realty Group LLC Marcy O'Donnell 848-220-5555
View additional info

ADDITIONAL INFORMATION

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.

Beds:
n/a
Baths:
Sq.Ft.:
1,837
Status:
Active
MLS#:
781440
Type:
Multi-Family
Subdivision:
[No Recorded Subdiv]
Lot size:
0.2 Acres
Year built:
1970
Courtesy: Keller Williams Success Realty Michael Werner 850-814-6266
View additional info

ADDITIONAL INFORMATION

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.

Beds:
n/a
Baths:
Sq.Ft.:
1,056
Status:
Active
MLS#:
781030
Type:
Office
Subdivision:
Lakeside
Lot size:
0.21 Acres
Year built:
1948
Courtesy: Coastal Choice Realty LLC Cindy Hamre 850-258-7930
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ADDITIONAL INFORMATION

Fixer-upper opportunity--calling all investors! This property requires repairs and is being sold AS-IS. Buyer to complete all inspections and due diligence prior to submitting an offer/going under contract. Survey available. Great potential for those ready to add value. Prime commercial opportunity in historic St. Andrews with excellent Hwy 98 visibility and a daily traffic count of over 42,000 vehicles (for 2024). Zoned Neighborhood General, this property offers flexibility for both residential and light commercial use, ideal for a professional office, small business, Airbnb, or live/work setup. Neighboring businesses include a law office and health facility, adding to the professional appeal of the area. Welcome to 1709 Cincinnati Ave, a beautifully updated 2BR, 2BA 1941 Florida cottage with abundant charm and modern upgrades. Renovated in 2019 with a new roof and HVAC, this property features original hardwood floors, an updated kitchen and baths, and an enclosed entertaining area filled with natural light. The layout offers two flexible living spaces easily reimagined as a lobby or client area, while the bedrooms provide private office options with a guest bath off the main room and a private bath down the hall. Located just two blocks from Lake Huntington with public boat access to St. Andrews Bay and the Gulf, and a short walk to the shops and restaurants of Historic St. Andrews. Only 15 minutes to the Gulf's white-sand beaches, 8 minutes to the Naval Base, and 26 minutes to Tyndall AFB. The fenced backyard provides ample space for parking, outdoor use, or even a second structure, ideal for business expansion or additional residential space. This property offers exceptional visibility, charm, and adaptability, perfect for the savvy buyer seeking a prime St. Andrews address with both business and lifestyle potential.

Beds:
n/a
Baths:
Sq.Ft.:
3,360
Status:
Active
MLS#:
780678
Type:
Office
Subdivision:
Caroline Add Unit 2
Lot size:
0.6 Acres
Year built:
1969
Courtesy: Counts Real Estate Group The Hughes Group 904-689-6883
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ADDITIONAL INFORMATION

Beautifully maintained office space offers a rare chance to establish or expand your practice in one of the area's most sought-after commercial corridors. Ideal for seasoned professionals, the property boasts ample on-site parking and is surrounded by residential neighborhoods, schools, and major retail centers. Positioned in a high-traffic area, the location offers exceptional visibility, prominent signage opportunities, and strong walk-in potential. Whether you're purchasing for your own use or as a strategic investment, this property delivers immediate usability and long-term value. Current zoning allows for medical and other healthcare-related services, it's ready for your next chapter. There will be a deed restriction for future use for a period of five (5) years to the buyer or investor operating as a dental office, dental specialty practice, or other dental-related business.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
991980
Type:
General Commercial
Lot size:
0.55 Acres
Courtesy: Counts Real Estate Group Inc Andy Gonsalves 850-527-2639
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ADDITIONAL INFORMATION

Beds:
n/a
Baths:
Sq.Ft.:
1,308
Status:
Active
MLS#:
778743
Type:
Office
Subdivision:
Skyland
Lot size:
0.15 Acres
Year built:
1978
Courtesy: CENTURY 21 Commander Realty Kelli White Garrett 850-819-6423
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ADDITIONAL INFORMATION

Commercial Building right off 15th Street - Located between St. Andrews and Downtown. This is a versatile property with many possibilities! Features include a spacious open room, a large back room with built-in shelving, one office, two additional work rooms, and a half bath. An exterior attached storage room and a detached 12x24 shed are included, along with a paved parking lot for easy customer and employee access. The building sits on a 50x134 lot and offers a metal roof, block construction with stucco siding, and a prominent sign set up that conveys. Great opportunity for a variety of business uses—call your Realtor today to schedule a showing!

Beds:
n/a
Baths:
Sq.Ft.:
4,162
Status:
Active
MLS#:
778343
Type:
Office
Subdivision:
[No Recorded Subdiv]
Lot size:
1.49 Acres
Year built:
1964
Courtesy: Counts Real Estate Group Charlie Haas 850-896-2240
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ADDITIONAL INFORMATION

This 1.5± acre site is currently occupied by a construction contractor who is moving out of the Panama City market area after completion of their local contracts. Perfect for contractors looking for a site with an office building, large parking lot, and huge lay-down yard. The office building (4,162± s.f) is nicely appointed with a large reception area and conference room, eight offices, full kitchen, and 2.5 restrooms, two of which have showers. The detached shop (1,152± s.f) is partially heated & cooled. This site is located north and adjacent to the new City of Springfield government complex with great visibility and easy access to U.S Hwy. 98, Business 98, and Hwy. 231 via Transmitter road.

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Andrea D. Conner, License # BK3437731, Xome Inc., License CQ1043756, [email protected], 844-400-XOME, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067

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.


Andrea D. Conner, License # BK3437731, Xome Inc., License CQ1043756, [email protected], 844-400-XOME, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067

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


Andrea D. Conner, License # BK3437731, Xome Inc., License CQ1043756, [email protected], 844-400-XOME, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067

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.


Andrea D. Conner, License # BK3437731, Xome Inc., License CQ1043756, [email protected], 844-400-XOME, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067

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 32401 Real Estate

Panama City is located in Florida. Panama City, Florida 32401has a population of 34,521. Panama City 32401 is less family-centric than the surrounding county with 25.35% 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 32401 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 32401 is 39.2 years.

Panama City Weather

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.

Panama City Map

Panama City Real Estate Market Conditions

  • Median sales price

    $230,000
    25%
    change since last quarter
  • # Active listings

    245
    30-day change

Panama City Schools and Demographics

Education near Panama City, FL

City County
High School Graduates 89.29 90.08
College Degree - 2 year 10.58 11.67
College Degree - 4 year 26.75 25.6
Graduate Degree 7.18 6.91
Expenditures per Student 13,432 13,432
Students per Teacher 18.3 18.3

Elementary Schools near Panama City, FL

Grades Students P/T Ratio ZIP
Bay Haven Charter Academy KG - 05 690 15.7 32405
Breakfast Point Academy PK - 08 1,453 13.8 32407
Cedar Grove Elementary School PK - 05 473 11 32405
Deer Point Elementary School PK - 05 718 14.1 32404
Hiland Park Elementary School PK - 05 837 14.9 32405
Hutchison Beach Elementary School PK - 05 721 13.9 32407
Lucille Moore Elementary School PK - 05 557 10.9 32405
Lynn Haven Elementary School PK - 05 775 15.2 32444
Merriam Cherry Street Elementary School PK - 05 403 14.9 32401
North Bay Haven Charter Academy Elementary School KG - 05 669 15.2 32401
Northside Elementary School PK - 05 694 15.4 32405
Oakland Terrace School for the Visual and Performing Arts PK - 05 359 10.3 32401
Oscar Patterson Elementary Magnet PK - 05 379 11.5 32401
Parker Elementary School PK - 05 630 15.8 32404
Patronis Elementary School PK - 05 852 14.7 32408
Rising Leaders Academy KG - 06 102 9.3 32405
Springfield Elementary School PK - 05 477 10.8 32401
Tommy Smith Elementary School PK - 05 720 16 32404
Tyndall Elementary School PK - 05 790 14.4 32403
University Academy (Sabl, Inc.) KG - 05 303 16.8 32405

Middle Schools near Panama City, FL

Grades Students P/T Ratio ZIP
Bay Haven Charter Middle School 06 - 08 516 19.9 32405
Everitt Middle School 06 - 08 608 13.8 32401
Jinks Middle School 06 - 08 572 13.3 32401
Merritt Brown Middle School 06 - 08 727 14.8 32404
Mowat Middle School 06 - 08 1,017 16.7 32444
Newpoint Middle School 06 - 08 188 18.8 32405
North Bay Haven Charter Academy Middle School 06 - 08 478 19.9 32404
Surfside Middle School 06 - 08 753 16.7 32413

High Schools near Panama City, FL

Grades Students P/T Ratio ZIP
A. Crawford Mosley High School 09 - 12 1,687 20.1 32444
Bay High School 09 - 12 1,365 19.5 32401
J.R. Arnold High School 09 - 12 1,606 22 32407
Newpoint Bay Charter High School 09 - 12 125 25 32405
North Bay Haven Career Academy 09 - 12 610 17.4 32404
Rutherford High School 09 - 12 1,188 19.2 32401

Ungraded Schools near Panama City, FL

Grades Students P/T Ratio ZIP
* Chautauqua Charter School 09 - 12 44 8.8 32401
* Rosenwald High School 08 - 12 246 11.7 32401
Bay Virtual Franchise 06 - 12 50 32401
Bay Virtual Instruction (Course Offerings) 06 - 12 28 32401
Bay Virtual Instruction Program KG - 12 54 32401
Deane Bozeman School PK - 12 1,154 15.2 32409
Exceptional Student Education PK - 12 0 32401
Margaret K. Lewis in Millville PK - 12 136 5 32401
New Horizons Learning Center 06 - 12 118 5.6 32405
Panama City Marine Institute 06 - 12 95 32401
Tom P. Haney Vocational Technical Center AE - AE 0 32405

Demographics near Panama City, FL 32401

Zip Code City
Neighborhood Type Suburban
Population 34,521 181,384
Population Density 986 239
Median Age 39.2 40.8
People per Household 2.3 2.5
Median Household Income 51,569 60,473
Average Income per Capita 30,862 32,312

Real estate near Panama City