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Highlights

  • Attractive visibility along West 23rd Street with prime signage opportunities
  • Close to major routes, retail centers, and residential neighborhoods in Panama City
  • Abundant onsite parking with approximately 100 surface spaces
  • Full buildout flexibility with negotiable allowances to fit tenant needs

All Available Spaces(3)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Space Use
  • Build-Out
  • Available
  • 1st Floor, Ste 180
  • 6,257 SF
  • 5 Years
  • $23.00 /SF/YR $1.92 /SF/MO $143,911 /YR $11,993 /MO
  • Retail
  • -
  • Now
  • Lease rate does not include utilities, property expenses or building services
  • 1st Floor, Ste 180-190
  • 7,454 SF
  • 5 Years
  • $23.00 /SF/YR $1.92 /SF/MO $171,442 /YR $14,287 /MO
  • Retail
  • -
  • Now

Introducing an exceptional restaurant leasing opportunity in one of Panama City’s premier commercial corridors. This restaurant property offers up to 7,454 SF and can be demised into approximately 1,197 SF and 6,257 SF spaces to accommodate a variety of restaurant concepts. Offered at $23.00/SF with estimated CAM expenses of $5.90/SF, the property presents a compelling value for operators seeking visibility, flexibility, and long-term stability. Lease terms begin with a minimum five-year initial term, providing tenants the opportunity to establish and grow within a strong market location. A negotiable buildout allowance may be available, with corresponding rental adjustments, allowing tenants to customize the space to fit their specific vision and operational requirements. This is a rare opportunity to position your restaurant concept within a standout Panama City location.

  • Lease rate does not include utilities, property expenses or building services
  • Space is in Excellent Condition
  • 1st Floor, Ste 190
  • 1,197 SF
  • 5 Years
  • $23.00 /SF/YR $1.92 /SF/MO $27,531 /YR $2,294 /MO
  • Retail
  • -
  • Now
  • Lease rate does not include utilities, property expenses or building services
Space Size Term Rental Rate Space Use Build-Out Available
1st Floor, Ste 180 6,257 SF 5 Years $23.00 /SF/YR $1.92 /SF/MO $143,911 /YR $11,993 /MO Retail - Now
1st Floor, Ste 180-190 7,454 SF 5 Years $23.00 /SF/YR $1.92 /SF/MO $171,442 /YR $14,287 /MO Retail - Now
1st Floor, Ste 190 1,197 SF 5 Years $23.00 /SF/YR $1.92 /SF/MO $27,531 /YR $2,294 /MO Retail - Now

1st Floor, Ste 180

Size
6,257 SF
Term
5 Years
Rental Rate
$23.00 /SF/YR $1.92 /SF/MO $143,911 /YR $11,993 /MO
Space Use
Retail
Build-Out
-
Available
Now

1st Floor, Ste 180-190

Size
7,454 SF
Term
5 Years
Rental Rate
$23.00 /SF/YR $1.92 /SF/MO $171,442 /YR $14,287 /MO
Space Use
Retail
Build-Out
-
Available
Now

1st Floor, Ste 190

Size
1,197 SF
Term
5 Years
Rental Rate
$23.00 /SF/YR $1.92 /SF/MO $27,531 /YR $2,294 /MO
Space Use
Retail
Build-Out
-
Available
Now

1st Floor, Ste 180

Size 6,257 SF
Term 5 Years
Rental Rate $23.00 /SF/YR
Space Use Retail
Build-Out -
Available Now

  • Lease rate does not include utilities, property expenses or building services

1st Floor, Ste 180-190

Size 7,454 SF
Term 5 Years
Rental Rate $23.00 /SF/YR
Space Use Retail
Build-Out -
Available Now

Introducing an exceptional restaurant leasing opportunity in one of Panama City’s premier commercial corridors. This restaurant property offers up to 7,454 SF and can be demised into approximately 1,197 SF and 6,257 SF spaces to accommodate a variety of restaurant concepts. Offered at $23.00/SF with estimated CAM expenses of $5.90/SF, the property presents a compelling value for operators seeking visibility, flexibility, and long-term stability. Lease terms begin with a minimum five-year initial term, providing tenants the opportunity to establish and grow within a strong market location. A negotiable buildout allowance may be available, with corresponding rental adjustments, allowing tenants to customize the space to fit their specific vision and operational requirements. This is a rare opportunity to position your restaurant concept within a standout Panama City location.

  • Lease rate does not include utilities, property expenses or building services
  • Space is in Excellent Condition

1st Floor, Ste 190

Size 1,197 SF
Term 5 Years
Rental Rate $23.00 /SF/YR
Space Use Retail
Build-Out -
Available Now

  • Lease rate does not include utilities, property expenses or building services

Property Facts

Building Type
Office
Year Built
1999
LoopNet Rating
4 Star
Building Height
9 Stories
Building Size
94,449 SF
Building Class
A
Typical Floor Size
10,494 SF
Unfinished Ceiling Height
12’
Parking
319 Surface Parking Spaces

Property Overview

Positioned within one of Panama City’s growing retail and residential corridors, this restaurant opportunity benefits from strong surrounding demographics, nearby subdivisions, apartment communities, and consistent daily traffic. The area is supported by a large and expanding household base, creating a built-in customer population for breakfast, lunch, dinner, and delivery traffic. Convenient access to major thoroughfares and proximity to residential growth make this an ideal location for restaurant operators seeking strong visibility, accessibility, and long-term customer demand.

  • Banking
  • Controlled Access
  • Fitness Center
  • Pond
  • Property Manager on Site
  • Restaurant
  • Signage
  • Natural Light
  • Air Conditioning

Attachments

_BOV _L_ (1)
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100

Nearby Major Retailers

Centennial Bank
MidSouth Bank
Outback Steakhouse
LongHorn Steakhouse
Newk’s Eatery
Publix
First Federal Bank
Five Guys
Regions Bank
Truist
  • Listing ID: 38358552

  • Date on Market: 5/22/2026

  • Last Updated:

  • Address: 1022 W 23rd St, Panama City, FL 32405

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