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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
(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