Build to Suit Flex Space

2303 E 5th Street, Panama City, FL 32401

Property Information

  • For Lease $23.00/SF/YR
  • Property Type Retail
  • Property Size 7,200 SF
  • Units 1
  • Lot Size 1 Acre
  • Parking Spaces Avail. 16
  • Parking Ratio 2.20 / 1,000 SF
  • Year Built 2026
  • Date Updated Jun 16, 2026

Description

Vacant Lot located on the corner of 5th Street and Center Avenue.Seize this opportunity with a development order in place for a 7,200 SF warehouse/office/showroom or automotive 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.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 tenant desires. This 1± 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.

Highlights

  • 1± Acre Site with Development Order
  • 240± Frontage Feet on Business 98
  • 7,200± SF Built to Suit Tenant's Needs
  • Tyndall Air Force Base Service Area
  • Up to Four Pull-Through Bays + Two Standard Bays

1 Space Available

Entire Space

Space Type

Retail

Lease Rate

$23.00/SF/YR

Total Space

7,200 SF

Divisible Space

7,200 - 7,200 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Contacts

Location

Located at 2303 E 5th Street, Panama City, FL 32401, this property is part of the Millville neighborhood and Pensacola market.

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