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About This Home

This 0-bedroom, 0-bathroom commercial at 854 Magnolia Avenue in Panama City, FL is listed for $825,000 ($483 per sqft). Built in 1938, the home offers 1,708 sqft of living space on a 0.64 acres lot.

Agent 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 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.

Key Features

  • Built in 1938
  • 0.64 acre lot

Property Details

1938

Amenities

HardwoodA/C

Monthly Cost Estimate

$4,412/mo

20% down · 6.5% · 30 years

Principal$597
Interest$3,575
Insurance$241

Estimates only. Actual payments may vary.

Location

854 Magnolia Avenue

Panama City, FL 32401

No Named Subdivision

Property Details

Flooring

Hardwood

Heating

Electric (Heating)Central

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 854 Magnolia Avenue is listed at $825,000 ($483/sqft). The estimated monthly payment is $3,575 based on 20% down at 6.5% interest.

Key features include: Built in 1938, 0.64 acre lot.

This property is listed by Dennis Nelson and can be reached at 8503488262 or D_Nelson@kw.com.

DN

Dennis Nelson

Agent at Keller Williams Success Realty

(850) 348-8262

Listed by Keller Williams Success Realty

MLS# 786746· Source: listhub· Updated 87 days ago

Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

854 Magnolia Avenue, Panama City, FL 32401

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