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Land Lease

Multi-Tenant NEW CONSTRUCTION Commercial Bldg

11697 Panama City Beach Parkway, Panama City Beach, Florida 32407

$35 / Sq. Ft. · Triple Net (NNN)
Updated Oct 1, 2026
Categories Retail Restaurant

About this property

Commercial Real Estate Professionals, Inc. and Mark Allen are pleased to offer this forthcoming multi-tenant retail/medical/office space for lease. Total square footage 7,766 and can be divided or leased as a whole. Zoning permits Retail, Medical, and Office. Phase 3 Electric.

Asking rate is $35.00/PSF NNN lease with a 5-year minimum term. $6-$8 CAM/SF. Brand new Construction, Commercial Lease.

Build Permit Obtained, breaking ground early August 2025.

Landlord is looking for franchise/national tenants and/or multiple-location businesses.

The strip center block structure as a gray shell will be completed within six months so, a completion date is anticipated by March 2026 or sooner.

Owner said if a tenant commits early, then they can work with them to get the rough plumbing/electrical in now and their metal framing with the interior build/out or the tenants own subcontractor. It would accelerate their timeline to get moved in.

Property details

Property Type
Land
Building Type
Freestanding
Land Size
1.68 acres
Zoning
Retail
Lease Type
tripleNet

Location

Address
11697 Panama City Beach Parkway
Panama City Beach, Florida 32407
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.