Gulf Coast Plaza

2402 State Avenue, Panama City, FL 32405

Property Information

  • For Lease $28.00/SF/YR
  • Property Type Office - Medical Office
  • Property Size 44,036 SF
  • Building Class A
  • Date Updated May 18, 2026

Description

The property is situated proximate to HCA Florida Gulf Coast Hospital and is surrounded by a mix of medical offices, professional services, retail centers, and restaurants. Its central location provides easy connectivity to Harrison Avenue, Highway 231, and other major thoroughfares, ensuring strong traffic flow and accessibility from all parts of the region.This strategically positioned Class A commercial development at 2402 State Avenue offers exceptional flexibility with two distinct leasing opportunities: ±9,219 SF of first-floor medical/office space and an additional ±14,500 SF purpose-designed fitness facility planned for a full-service gym tenant. The gym space incorporates architectural plans featuring three dedicated pickleball courts, an elevated indoor walking/running track, and an adaptable open layout suitable for a gym, wellness operator, recreation concept, or other commercial uses. Both spaces may accommodate medical, professional office, fitness, or even retail users, offering rare versatility in a high-demand corridor. Currently under construction with delivery scheduled for Q1 2026, the building allows tenants to fully customize their interiors to meet exact operational, branding, and design needs. Located just blocks from HCA Florida Gulf Coast Hospital and surrounded by established medical and professional offices, the site benefits from strong visibility, convenient access, and high daily traffic from nearby 23rd Street (AADT ±34,500). Ample on-site parking, prominent signage opportunities, and modern Class A design make this a compelling option for healthcare providers, professional service firms, fitness operators, and retail concepts seeking a high-quality, customizable space that serves Panama City, Lynn Haven, Callaway, and Panama City Beach. Spaces are offered at $28.00/SF NNN, with tenant-controlled interior build-outs, making now the ideal time to secure and plan your next location.

Highlights

  • Accessibility: Easy access to 23rd Street, Harrison Avenue, and Hwy 98
  • Available Spaces: ±10,000 SF medical/office, ±12,000 SF gym concept
  • Building Status: Under construction | Estimated delivery Q1 2026
  • Flexible Use: Ideal for medical, dental, therapy, diagnostics, professional office, retail, gym
  • Parking: Ample onsite parking for tenants and visitors
  • Prime Location: Walkable to HCA Florida Gulf Coast Hospital and commercial amenities

2 Spaces Available

+/-10,000sf office/medical space for lease

Space Type

Medical Office

Lease Rate

$28.00/SF/YR

Total Space

10,000 SF

Floor

1

Divisible Space

10,000 - 10,000 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

+/-12,000sf gym space for lease

Space Type

Office

Lease Rate

$28.00/SF/YR

Total Space

14,501 SF

Divisible Space

14,501 - 14,501 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Prime opportunity to lease approximately 12,000 sq ft of brand-new commercial space at 2402 State Ave, currently under construction and ready for build-out in Q1 2026, specifically designed for a full-service gym and wellness facility. The architectural concept include three dedicated pickleball courts, an elevated indoor walking/running track overlooking the workout area, and a spacious, versatile floor plan ideal for modern fitness programming. Located near established medical offices and professional services, this site offers strong visibility, steady traffic, and a central position within a thriving, well-populated community. With flexible leasing and build-to-suit options, this property provides an exceptional opportunity for a gym operator to create a state-of-the-art facility in a highly desirable, convenience-oriented location.

Contacts

Wendy Partie

NAI TALCOR

Location

Located at 2402 State Avenue, Panama City, FL 32405, this property is part of the Forest Park neighborhood and Pensacola market.

Contact Listing Broker
Wendy Partie

NAI TALCOR

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