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2303 E 5th St 7,200 SF of Flex Space Available in Panama City, FL 32401
Highlights
- High traffic visibility with 21,500 AADT
- Located in Panama City's Gateway district near Tyndall AFB
- Only 1.5 miles from Bay Medical Center and the Panama City Police Department.
- Flexible interior buildout tailored to tenant needs
- Desirable Location Directly on Business 98.
Features
All Available Space(1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Space Use
- Condition
- Available
Positioned at the high-visibility corner of Business 98 and Center Avenue, this build-to-suit opportunity offers a strategic location in Panama City's Gateway district. With a development order already in place, the site is primed for a 7,200 SF automotive service, warehouse, or showroom facility tailored to tenant specifications. The parcel spans approximately one acre and is zoned GC-2 General Commercial, allowing for a wide range of uses. The property benefits from 240 feet of frontage on Business 98, a major military corridor connecting Downtown Panama City to Tyndall Air Force Base. Just 1.5 miles from Bay Medical Center and two miles from the city center, the site offers unmatched access to key infrastructure and services. The area is undergoing significant transformation, with Tyndall AFB’s reconstruction expected to bring over 8,000 new residents, creating strong demand for automotive and service-related businesses. Panama City’s economic resilience is driven by tourism, military, healthcare, and manufacturing sectors. Its strategic location includes an international airport, deep-water port, and rail service, making it a rising hub for logistics and industrial growth. This site is ideally suited for tenants seeking long-term value in a growing Gulf Coast market.
- Lease rate does not include utilities, property expenses or building services
- Development order approved for 7,200 SF
- Located in Panama City's Gateway district
- Corner location with 240 feet of Business 98 front
- Up to four pull-through bays plus two standard bay
| Space | Size | Term | Rental Rate | Space Use | Condition | Available |
| 1st Floor | 7,200 SF | Negotiable | $23.00 /SF/YR $1.92 /SF/MO $165,600 /YR $13,800 /MO | Flex | - | Now |
1st Floor
| Size |
| 7,200 SF |
| Term |
| Negotiable |
| Rental Rate |
| $23.00 /SF/YR $1.92 /SF/MO $165,600 /YR $13,800 /MO |
| Space Use |
| Flex |
| Condition |
| - |
| Available |
| Now |
1st Floor
| Size | 7,200 SF |
| Term | Negotiable |
| Rental Rate | $23.00 /SF/YR |
| Space Use | Flex |
| Condition | - |
| Available | Now |
Positioned at the high-visibility corner of Business 98 and Center Avenue, this build-to-suit opportunity offers a strategic location in Panama City's Gateway district. With a development order already in place, the site is primed for a 7,200 SF automotive service, warehouse, or showroom facility tailored to tenant specifications. The parcel spans approximately one acre and is zoned GC-2 General Commercial, allowing for a wide range of uses. The property benefits from 240 feet of frontage on Business 98, a major military corridor connecting Downtown Panama City to Tyndall Air Force Base. Just 1.5 miles from Bay Medical Center and two miles from the city center, the site offers unmatched access to key infrastructure and services. The area is undergoing significant transformation, with Tyndall AFB’s reconstruction expected to bring over 8,000 new residents, creating strong demand for automotive and service-related businesses. Panama City’s economic resilience is driven by tourism, military, healthcare, and manufacturing sectors. Its strategic location includes an international airport, deep-water port, and rail service, making it a rising hub for logistics and industrial growth. This site is ideally suited for tenants seeking long-term value in a growing Gulf Coast market.
- Lease rate does not include utilities, property expenses or building services
- Corner location with 240 feet of Business 98 front
- Development order approved for 7,200 SF
- Up to four pull-through bays plus two standard bay
- Located in Panama City's Gateway district
Property Overview
Seize this opportunity with a development order in place for a 7,200 SF automotive service or warehouse/showroom space. Interior buildout and finishes are flexible, tailored to owner or tenant desires. This 1.14± acre parcel, zoned General Commercial in Panama City's Gateway district, sits prominently on the corner of Business 98 and Center Avenue, serving as a pivotal location on this major military corridor. Just 1.5 miles from the Bay Medical Center and two miles from Downtown, this central site lies on the primary artery connecting Downtown Panama City and Tyndall Air Force Base. With Tyndall's projected growth and reconstruction set to increase personnel requirements by over 8,000 service members and their families, this area is primed for remarkable development.
Property Facts
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2303 E 5th St
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