Commercial property in Panama City sells for $22.48 million

Published Mar 27, 2026

A 69,709-square-foot commercial property has changed hands.

The commercial property at 3212 Jenks Avenue in Panama City was sold on March 6 for $22.48 million, or $323 per square foot. Built in 2018, the building sits on a 17.5-acre lot and includes a 1144-square-foot detached garage.

Bay Healthcare Properties Inc took over the property from PSF Real Estate Investments LLC.