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MLS# 781204
Status: Active
5518 Thomas Drive
Panama City, FL 32408 $1500000.00
County: Bay
Area: 03 - Bay County - Beach
Subdivision: Gulf Lagoon Beach
Acreage: 0.51
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: | October 29, 2025 |
| List Price/Acre: | 2941176.47 |
| Sub Area: | 0323 - Beach - South of Grand Lagoon |
| Community/Resort: | None |
| Waterfront: | No |
| Parcel ID: | 32362-000-000 |
| Elementary School: | Patronis |
| Middle School: | Surfside |
| High School: | Arnold |
| HOA Fee: | No |
| Days On Market: | 126 |
| Cumulative DOM: | 120 |
| Lot Features: | Corner,Near Beach Access,Within 1/2 Mile to Water |