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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.
Full Property Details
Full Property Details for 430&432 McKenzie Ave
General
- Price: $1,250,000
- Status: Active
- Type: Office
- Source: Bay_County
- MLS ID: 796535
- Updated: Today (10/14/2026)
- Added to Site: Today
Location
- County: Bay
- Subdivision: No Named Subdivision
- Driving 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.
School Information
- Elementary School: Cherry Street
- Middle School: Jinks
- High School: Bay
Community
- Community Name: 02 - Bay County - Central
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central, Electric
Structural Information
- Year Built: 1990
Additional Structures
- Other Structures: Boat House
Lot Features
- Property View: Bayou
- Lot Size (Acres): 0.36
- Lot Size (Sq. Ft.): 15,681.6
- Lot Size: .36
- Zoning: Other - See Remarks
Water Features
- Water Front: Yes
- Water View: Yes
- Water Front Desc.: Bayou, Gulf Access, Seawall
- Water Front View: Bayou, Gulf Access, Seawall
Disclosures and Reports
- Special Conditions: Listed As-Is
- 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
- Property ID: 19865-010-000, 19865-050-000, 19865-000-000
Listed by World Impact Real Estate
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Price & Sales History for 430&432 McKenzie Ave
Date
Details
Price
Change
Source
10/14/2026
Listed
$1,250,000
65.56%
MLS
11/01/2021
Sold
$755,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 430&432 McKenzie Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,941
—
$277,595
-4%
2024
$5,941
-2%
$289,837
—
2023
$6,066
-1%
$289,837
-4%
2021
$6,120
2%
$300,588
—
2022
$6,002
-2%
$300,588
-2%
2021
$6,120
22%
$306,713
17%
2019
$5,004
-18%
$261,120
-19%
2015
$6,078
—
$323,831
-1%
2014
$6,056
6%
$326,865
-1%
2013
$5,730
—
$329,899
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 430&432 McKenzie Ave
430&432 McKenzie Avenue, Panama City, FL 32401 (MLS# 796535) is a Office property. 430&432 McKenzie Avenue is currently listed for $1,250,000 and was received on October 14, 2026. Want to learn more about 430&432 McKenzie Avenue? Do you have questions about finding other Office real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.

