Two Stanford Center

1022 W 23rd St, Panama City, FL 32405

Property Information

  • For Lease $23.00/SF/YR
  • Property Type Retail - Street Retail
  • Property Size 94,449 SF
  • Units 1
  • Building Class C
  • Year Built 2000
  • Date Updated Jun 23, 2026

Description

Located in the heart of Panama City, this vibrant area offers an enticing mix of urban amenities and coastal charm. Just a stone's throw from the Gulf of Mexico, the location provides an inspiring backdrop for work and relaxation. Surrounded by a variety of dining options, from trendy cafes to upscale eateries, tenants can entertain clients or enjoy team lunches with ease. Nearby parks and waterfront promenades offer opportunities for refreshing breaks and outdoor meetings. With convenient access to major roadways and a thriving business community, the area is a prime choice for companies seeking a dynamic restaurant location in Panama City.Introducing an exceptional restaurant leasing opportunity in one of Panama City’s premier commercial corridors. This restaurant property offers up to 7,454 SF and can be demised into approximately 1,197 SF and 6,257 SF spaces to accommodate a variety of restaurant concepts. Offered at $23.00/SF with estimated CAM expenses of $5.90/SF, the property presents a compelling value for operators seeking visibility, flexibility, and long-term stability. Lease terms begin with a minimum five-year initial term, providing tenants the opportunity to establish and grow within a strong market location. A negotiable buildout allowance may be available, with corresponding rental adjustments, allowing tenants to customize the space to fit their specific vision and operational requirements. This is a rare opportunity to position your restaurant concept within a standout Panama City location.

Highlights

  • CAM costs at $5.90 per SF
  • Can be subdivided into 2 restaurant spaces consisting of Suite 180 at 1,197 sf and Suite 190 at 6,257 sf
  • Competitive rent at $23.00 per SF
  • Complete set of Plans are available for your Buildout planning.
  • Existing restaurant furniture and equipment available as part of the lease arrangement
  • Generous 7,454 SF space
  • Ideal for restaurant
  • Minimum 5-year initial lease term
  • Negotiable buildout allowance
  • Prime location in Panama City
  • Professional and well-maintained property
  • Versatile and customizable space

3 Spaces Available

180

Space Type

Restaurant

Lease Rate

$23.00/SF/YR

Total Space

1,197 SF

Floor

1

Divisible Space

1,197 - 1,197 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

190

Space Type

Restaurant

Lease Rate

$23.00/SF/YR

Total Space

7,454 SF

Floor

1

Divisible Space

7,454 - 7,454 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

190

Space Type

Restaurant

Lease Rate

$23.00/SF/YR

Total Space

6,257 SF

Divisible Space

6,257 - 6,257 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Contacts

Location

Located at 1022 W 23rd St, Panama City, FL 32405, this property is part of the Forest Park neighborhood and Pensacola market.

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