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- LoopNet Team
411 E 23rd St
Panama City, FL 32405
23rd Street Plaza · Property For Lease
HIGHLIGHTS
- Supported by the area’s largest concentration of Daytime Employment
- Adjacent to Panama City’s largest new retail development in the past 20 years
- 30,270+ average daily traffic on the nearby State Road 77 intersection
- Centrally convenient to the market area’s mature residential neighborhoods and the growing population of Panama City
- Over 35,000 average daily traffic on 23rd Street in front of the space
- Truly the “Main & Main” intersection of the Panama City market.
PROPERTY FACTS
| Property Type | Retail | Year Built | 2005 |
| Property Subtype | Freestanding | Parking Ratio | 1.15/1,000 SF |
| Gross Leasable Area | 10,450 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 10,450 SF |
| Year Built | 2005 |
| Parking Ratio | 1.15/1,000 SF |
ABOUT THE PROPERTY
3,200 SF Retail Opportunity with highly visible location in the heart of Panama City’s primary retail corridor, with strong co-tenancy (Verizon, Mattress Firm) and adjacent national destination anchor retailers (Home Depot, Ross, West Marine). The Panama City MSA, with nearly 200,000 people, is the third largest city in the Florida Panhandle, following Pensacola and Tallahassee. It is located in the central panhandle, approximately 95 miles east of Pensacola and 100 miles southwest of Tallahassee. With its steady growth, its population is expected to exceed 200,000 by 2025. The city‘s unemployment rate of 3.4% as of November 2023, is slightly below the national average of 3.9%. The major industries in the region are: Defense & Aerospace, Healthcare, and Tourism.
- Dedicated Turn Lane
- Signalized Intersection
