1022 W 23rd St
Panama City, FL 32405 Pretty Bayou

Positioned in the heart of Panama City, Two Stanford Center offers a rare opportunity to lease a highly adaptable 7,454 SF space ideal for restaurant or retail use. This professionally maintained property is part of a 94,449 SF center and provides a dynamic setting surrounded by urban amenities and coastal charm. Tenants benefit from competitive lease terms at $23.00/SF NNN, with CAM costs of $5.90/SF and a minimum five-year commitment that ensures operational stability.
The space is fully customizable, with a negotiable buildout allowance and a complete set of plans available to support tailored design and functionality. Located just minutes from the Gulf of Mexico, the property enjoys proximity to waterfront promenades, parks, and a vibrant mix of dining options—making it ideal for businesses seeking visibility and foot traffic. Easy access to major roadways enhances connectivity across the region, while the surrounding business community adds to the location’s appeal.
Demographic data reveals a strong consumer base, with over 79,000 residents within a five-mile radius and average household incomes exceeding $83,000. This combination of location, flexibility, and affluence makes Two Stanford Center a compelling choice for operators looking to establish or expand in Panama City.

• Date available: Now
• Lease term: 5 - 10 Years
• Service type: Triple Net
• Built out as: Restaurants And Cafes
• Space Type: Relet

Introducing a prime leasing opportunity at this premier Panama City location. Boasting a generous 7,454 square feet or a 5500 SF+/- space, this versatile space offers ample room to accommodate a range of business needs. With rent set at an attractive $23.00 per square foot and a CAM of $5.90 per square foot, tenants can seize this exceptional value. The flexible lease terms, including a minimum initial term of 5 years, provide stability and peace of mind. Additionally, the negotiable buildout allowance, with potential adjustments to rent, presents an opportunity to tailor the space to specific requirements. Discover the perfect environment to elevate your restaurant business at this standout property.

• Date available: Now
• Lease term: 5 Years
• Service type: Triple Net
• Space Type: Relet