854 Magnolia Avenue, Panama City, FL 32401 (MLS# 786746)

854 Magnolia Avenue, Panama City, FL 32401

$825,000

Virtual Tour

https://www.mlsvideotours.com/MLS/magnolia-360/

Property Type: Commercial for Sale Square Footage: 1,708 Lot Size (sq. ft.): 27,878 Status: Active

Current Price: $825,000 List Date: 3/13/2026 Last Modified: 3/17/2026

Overview

Description

Welcome to this one-of-a-kind custom property on a huge half-acre lot in the heart of historic Panama City. Superb craftsmanship and luxury materials with unique details you have to see to believe. Classic style with newly refinished wood floors, and all new interior tongue and groove pine walls, with cathedral ceilings. Mixed-Used zoning allows for multiple commercial uses including offices. With multiple entrances it can be diverse for several tenants. Two large suites are each complimented by cozy gas fireplaces, walk-in closets, and custom bathrooms with tiled showers. Each have private entrances for accessibility, or future rental capabilities. An additional room has access to the 3rd bathroom, conveniently located right off the kitchen. The open living area with new kitchen will impress your clients, with sleek quartz countertops and high end kitchen cabinetry. New stainless appliances and under-cabinet lighting provide the finishing touches to this gorgeous kitchen. A l … (Read more) Welcome to this one-of-a-kind custom property on a huge half-acre lot in the heart of historic Panama City. Superb craftsmanship and luxury materials with unique details you have to see to believe. Classic style with newly refinished wood floors, and all new interior tongue and groove pine walls, with cathedral ceilings. Mixed-Used zoning allows for multiple commercial uses including offices. With multiple entrances it can be diverse for several tenants. Two large suites are each complimented by cozy gas fireplaces, walk-in closets, and custom bathrooms with tiled showers. Each have private entrances for accessibility, or future rental capabilities. An additional room has access to the 3rd bathroom, conveniently located right off the kitchen. The open living area with new kitchen will impress your clients, with sleek quartz countertops and high end kitchen cabinetry. New stainless appliances and under-cabinet lighting provide the finishing touches to this gorgeous kitchen. A living area immediately upon entry can serve as a waiting room, reception area, display, or presentation room. Modern amenities include Built-in deluxe speakers throughout the home, as well as security and Nest systems that convey. With .636 acres of high and dry land, there’s room for more structures, accessory dwelling units, equipment, storage, or additional parking. Located within minutes to revitalized and booming downtown Panama City, with dozens of new businesses, restaurants, shops, and activities. The area is abundant with parks, boating, fishing, events, and ongoing improvements to the area. Whether looking for your next business location, or investing in the future of Panama City, this property has room to add a pool, parking, outbuildings, and so much more! Also offered as a commercial lease. An additional concrete patio was prepared, but not yet finished. See pictures for similar design. Alterations to the property can be negotiated including necessary improvements for your business: parking areas, fencing, accessibility features (ramp), etc. All appliances, including HVAC and Water Heaters, are within 3 years old and warrantied. This entire home has been remodeled by quality contractors and is like new, with some original touches kept for historic and aesthetic value. Also offered for Lease at $5,000.00 Monthly NNN for 5 year minimum. Longer leases are negotiable.

Listing Details MLS# 786746

Contract Info

List Price/SqFt: 483.02
Sub-Type: Office

Location

Area: 02 – Bay County – Central
Street #: 854
Street Name: Magnolia
Street Suffix: Avenue
State: FL
Zip Code: 32401
County: Bay
Sub Area: 0203 – Bay – Central SW
Subdivision: No Named Subdivision
Community/Resort: None
Waterfront: No
Parcel ID: 16721-000-000
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: From Hwy 98, South on Harrison Ave, Left/East on 9th St. Property is on South East Corner of 9th St and Magnolia Ave.
Legal Description: 4 4S 14W-261-69A BEG AT INT SEC OF S LI OF 9TH ST & E LI OF MAGNOLIA AV TH S 100' E 150' N 100' W 150' TO BEG ORB 4655 P 896

General Property Info

List Class: Other
Construction Status: Construction Complete
Acreage: 0.64
Frontage Ft: 100
SqFt Tot Bldg: 1708
Year Built: 1938

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: Welcome to this one-of-a-kind custom property on a huge half-acre lot in the heart of historic Panama City. Superb craftsmanship and luxury materials with unique details you have to see to believe. Classic style with newly refinished wood floors, and all new interior tongue and groove pine walls, with cathedral ceilings. Mixed-Used zoning allows for multiple commercial uses including offices. With multiple entrances it can be diverse for several tenants. Two large suites are each complimented by cozy gas fireplaces, walk-in closets, and custom bathrooms with tiled showers. Each have private entrances for accessibility, or future rental capabilities. An additional room has access to the 3rd bathroom, conveniently located right off the kitchen. The open living area with new kitchen will impress your clients, with sleek quartz countertops and high end kitchen cabinetry. New stainless appliances and under-cabinet lighting provide the finishing touches to this gorgeous kitchen. A living area immediately upon entry can serve as a waiting room, reception area, display, or presentation room. Modern amenities include Built-in deluxe speakers throughout the home, as well as security and Nest systems that convey. With .636 acres of high and dry land, there's room for more structures, accessory dwelling units, equipment, storage, or additional parking. Located within minutes to revitalized and booming downtown Panama City, with dozens of new businesses, restaurants, shops, and activities. The area is abundant with parks, boating, fishing, events, and ongoing improvements to the area. Whether looking for your next business location, or investing in the future of Panama City, this property has room to add a pool, parking, outbuildings, and so much more! Also offered as a commercial lease. An additional concrete patio was prepared, but not yet finished. See pictures for similar design. Alterations to the property can be negotiated including necessary improvements for your business: parking areas, fencing, accessibility features (ramp), etc. All appliances, including HVAC and Water Heaters, are within 3 years old and warrantied. This entire home has been remodeled by quality contractors and is like new, with some original touches kept for historic and aesthetic value. Also offered for Lease at $5,000.00 Monthly NNN for 5 year minimum. Longer leases are negotiable.

More Information

Construction/Siding

Floor – Hardwood: Yes
Foundation – Off Grade: Yes
Roof – Dimensional Shg: Yes

Energy

AC – Central Elect: Yes
Heat – Central Electric: Yes

Financing

Cash: Yes
Conventional: Yes
Will Lease: Yes

Present Zoning

Business: Yes
Resid Multi-Family: Yes
Resid Single Family: Yes
Other – See Remarks: Yes

Utilities

All Utilities: Yes

Sale Type

As Is: Yes

Business/Property

Freestanding Building: Yes
Furnished – Some: Yes

Floors in Unit/Home

One: Yes

Heating/Cooling

AC – Central: Yes

Offering Type

Real Estate: Yes
Sale or Lease: Yes

Pricing Type

Sale Price: Yes

Site Description

Corner Location: Yes

Transport. Access

City Road: Yes

Property Features

Energy: AC – Central Elect; Heat – Central Electric Financing: Cash; Conventional; Will Lease Offering Type: Real Estate; Sale or Lease Pricing Type: Sale Price Present Zoning: Business; Resid Multi-Family; Resid Single Family; Other – See Remarks Sale Type: As Is Site Description: Corner Location Utilities: All Utilities

Listing Office: Keller Williams Success Realty

Last Updated: March – 17 – 2026

Information deemed reliable but not guaranteed.