$1,250,000
Panama City, FL 32401
MLS# 796535
3918 sqft
1 / 87
Property Description
WATERFRONT TWO STORY EXECUTIVE LAW OFFICE + 2 VACANT LOTS + BOATHOUSE with +/-200 FEET OF WATER FRONTAGE on Massalina Bayou. Located in the popular Historic Downtown District of Panama City, this property is a 1-2 minute walk to the Bay County Courthouse, and a 4 minute walk to Panama City's Social District, where you will enjoy waterfront dining, brew pubs, cafes, boutiques, local art galleries, specialty shoppes, performing arts theaters, live events & music, antique shopping, seafood market, and more! The 432 McKenzie Avenue professional building sits on the northernmost lot, with two adjoining vacant lots to the south. The vacant lots are currently being utilized as well-kept green space, with access to the boathouse built in 2020. The building itself encompasses +/- 4000 square feet with an additional 1000+ square feet of large waterfront balconies. As you pull into the paved lot, you will find plenty of parking leading up to this impressive two story building, with its southern architecture. The entrance is shaded by towering trees that frame and accent this charming property, which is all situated on the waters edge for maximized views of Massalina Bayou. As you enter through the rich wooden front door and into the spacious lobby, you will note the atmosphere is formal yet comfortably inviting. This large first level reception area is central to two private offices, two conference rooms, and multiple additional offices and areas for reception and administration. As you ascend the wide and well lit U-shaped staircase, the second level also consists of a spacious reception area, central to another 2 large private offices, a gorgeous law library, additional private areas and offices for administration and conference use, and a kitchen/break area as well. Both the first and second level have multiple big water views and accesses to the expansive waterfront balconies on each level. This property is the perfect combination of southern design, serene water views, and executive decor. Whether you are looking for the perfect waterfront office space in a premium location with additional land, or considering an investment with possible incentives in an area that is quickly becoming a destination location, this could be the perfect property for you! Property is being sold As-Is. Furnishings and contents may be negotiable at Seller's discretion. Office is wheelchair accessible. Plenty of additional storage. There are currently hurricane shutters in place, so some photos feature virtually rendered views where the shutters currently block the windows and doors. Actual views and dimensions of windows and doors may slightly vary. Roof was replaced in 2018. Survey is available. All information is approximate and should be verified by Buyer if important.
Details
Maps
Contract Info
List Price/SqFt: 319.04
List Date: 2026-10-14
List Price: $1,250,000
Current Price: $1,250,000
Sub-Type: Office
Location
Sub Area: 0203 - Bay - Central SW
Community/Resort: None
Waterfront: Yes
Elementary School: Cherry Street
Middle School: Jinks
High School: Bay
Directions: From the intersection of Beach Drive and W. 6th Street, follow 6th St East for .5mi. Turn right onto McKenzie Ave. Go .1mi, turn left onto E 5th St. Follow for 150 feet. Turn right onto McKenzie Ave. In 200 feet, property is on the left.
Area: 02 - Bay County - Central
Street #: 430&432
Street Name: McKenzie
Street Suffix: Avenue
State: FL
Zip Code: 32401
County: Bay
Subdivision: No Named Subdivision
Parcel ID: 19865-010-000, 19865-050-000, 19865-000-000
Legal Description: GCD PLAT LOT 11 & EXT OF LOT 11 TO BAYOU BLK 31 ORB 4481 P 1106, GCD PLAT LOT 10 BLK 31 ORB 4481 P 1106, GCD PLAT LOT 9 BLK 31 ORB 4481 P 1106
General Property Info
List Class: Commercial
Acreage: 0.36
Immediate Occupancy: Yes
Construction Status: Construction Complete
SqFt Tot Bldg: 3918
Year Built: 1990
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: WATERFRONT TWO STORY EXECUTIVE LAW OFFICE + 2 VACANT LOTS + BOATHOUSE with +/-200 FEET OF WATER FRONTAGE on Massalina Bayou. Located in the popular Historic Downtown District of Panama City, this property is a 1-2 minute walk to the Bay County Courthouse, and a 4 minute walk to Panama City's Social District, where you will enjoy waterfront dining, brew pubs, cafes, boutiques, local art galleries, specialty shoppes, performing arts theaters, live events & music, antique shopping, seafood market, and more!
The 432 McKenzie Avenue professional building sits on the northernmost lot, with two adjoining vacant lots to the south. The vacant lots are currently being utilized as well-kept green space, with access to the boathouse built in 2020. The building itself encompasses +/- 4000 square feet with an additional 1000+ square feet of large waterfront balconies. As you pull into the paved lot, you will find plenty of parking leading up to this impressive two story building, with its southern architecture. The entrance is shaded by towering trees that frame and accent this charming property, which is all situated on the waters edge for maximized views of Massalina Bayou. As you enter through the rich wooden front door and into the spacious lobby, you will note the atmosphere is formal yet comfortably inviting. This large first level reception area is central to two private offices, two conference rooms, and multiple additional offices and areas for reception and administration. As you ascend the wide and well lit U-shaped staircase, the second level also consists of a spacious reception area, central to another 2 large private offices, a gorgeous law library, additional private areas and offices for administration and conference use, and a kitchen/break area as well. Both the first and second level have multiple big water views and accesses to the expansive waterfront balconies on each level. This property is the perfect combination of southern design, serene water views, and executive decor.
Whether you are looking for the perfect waterfront office space in a premium location with additional land, or considering an investment with possible incentives in an area that is quickly becoming a destination location, this could be the perfect property for you!
Property is being sold As-Is. Furnishings and contents may be negotiable at Seller's discretion. Office is wheelchair accessible. Plenty of additional storage. There are currently hurricane shutters in place, so some photos feature virtually rendered views where the shutters currently block the windows and doors. Actual views and dimensions of windows and doors may slightly vary. Roof was replaced in 2018. Survey is available. All information is approximate and should be verified by Buyer if important.
Energy
AC - 2 or More: 1
AC - Central Elect: 1
Heat - Central Electric: 1
Water Heater - Electric: 1
Other Structures
Boat House: 1
Financing
Cash: 1
Conventional: 1
Present Zoning
Other - See Remarks: 1
Association Amenities
Dock: 1
Utilities
All Utilities: 1
Waterview
Bayou: 1
Accessibility Features
Accessible Approach with Ramp: 1
Accessible Entrance: 1
Sale Type
As Is: 1
Waterfront Type
Bayou w/ Gulf Access: 1
Waterfront Feature
Shore - Seawall: 1
Business Only
Year Built: 1990
Building SqFt: 3918
Business/Property
Freestanding Building: 1
Handicapped Access: 1
Handicapped Facilities: 1
Kitchen Area: 1
Office Area: 1
Restrooms - Private: 1
Floors in Unit/Home
Two: 1
Offering Type
Sale Only: 1
Site Description
Survey: 1
Status Change Info
Status: Active
Property Features
Accessibility Features: Accessible Approach with Ramp; Accessible Entrance
Energy: AC - 2 or More; AC - Central Elect; Heat - Central Electric; Water Heater - Electric
Financing: Cash; Conventional
Offering Type: Sale Only
Other Structures: Boat House
Present Zoning: Other - See Remarks
Sale Type: As Is
Site Description: Survey
Utilities: All Utilities
Waterfront Type: Bayou w/ Gulf Access
Waterfront Feature: Shore - Seawall
Waterview: Bayou
Listing Office: World Impact Real Estate
Last Updated: October - 14 - 2026
Information deemed reliable but not guaranteed.