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MLS# 781168
Status: Active
5518 Thomas Drive
Panama City, FL 32408
$1500000.00
Panama City, FL 32408
County: Bay
Area: 03 - Bay County - Beach
Sub Area: 0323 - Beach - South of Grand Lagoon
Subdivision: Gulf Lagoon Beach
Community/Resort: None
Lot Size (SqFt): 22000
Waterfront: No
Waterview: Gulf
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(850) 832-9417 |
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This is your chance to secure a rare development opportunity along the highly sought-after Thomas Drive business corridor.An exceptional .51-acre site (three combined lots: 100' x 220') with frontage on Thomas Drive, Beach Drive, and Biltmore Drive. This unique configuration provides access from three road fronts, offering excellent visibility and accessibility for future development.Zoned C-1 (Neighborhood Commercial) - allows for a wide range of commercial, mixed-use, and multifamily opportunitiesDensity: Up to 15 units per acreNot in a flood zone, yet just 500 feet from the Gulf of MexicoGulf views possible from a multi-story structureSurrounded by new homes, high-rise condos, restaurants, close to public beach access (#9), and major attractionsIdeal for commercial retail, short-term rentals, townhomes, or a mixed-use developmentA three-story building on this site would capture breathtaking Gulf views, making it perfect for a boutique hotel, retail center, or luxury residential units.Buyer should verify all details related to this property.Property includes 3 parcels- 32362-000-000; 31857-000-000; 31856-000-000
| List Date: | 2025-10-30 |
| Parcel ID: | 32362-000-000 |
| Cumulative DOM: | 121 |
| Days On Market: | 125 |
| Present Zoning: | General Commercial |
| Utilities: | Electric On Site,Sewer Available,Water - Available |
| Lot Features: | Corner,Near Beach Access,Within 1/2 Mile to Water |
| Lot/Parcel Access: | County Road,Paved Road |