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Investment Highlights

  • 950 SF single-tenant office
  • Commercial zoning
  • Efficient layout for small business use
  • Renovated in 2005
  • Dedicated on-site parking

Executive Summary

This charming 950 SF standalone office building offers owner-users a chance to acquire a functional property within central Panama City. Positioned on a 0.10-acre commercially zoned lot, the building offers an efficient single-tenant layout ideal for professional services, boutique firms, or small business operations. A 2005 renovation modernized essential systems while preserving the structure’s character, delivering a blend of style and practicality. The property includes dedicated on-site parking, a significant advantage in this location, and offers quick access to major thoroughfares and surrounding commercial districts. At a competitive $315,000 price point, this asset provides an affordable path to ownership and a means to control long-term occupancy costs in a growing market. Its strategic location ensures visibility for client and employee convenience, making it a compelling choice for users seeking permanence and equity-building potential in the Panama City area.

Property Facts

Sale Type
Owner User
Property Type
Office
Building Size
950 SF
Building Class
C
Year Built/Renovated
1942/2005
Price
$315,000
Price Per SF
$331.58
Tenancy
Single
Building Height
1 Story
Typical Floor Size
950 SF
Building FAR
0.22
Lot Size
0.10 AC
Zoning
Commercial - Commercial
Parking
2 Spaces (2.11 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
27963-000-000
Land Assessment
$54,000
Improvements Assessment
$41,918
Total Assessment
$95,918
  • Listing ID: 39254831

  • Date on Market: 1/29/2026

  • Last Updated:

  • Address: 3707 W 23rd St, Panama City, FL 32405

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