Active ● Commercial

5518 Thomas Drive, Panama City Beach, Fl 32408

Panama City Beach, FL 32408
$1,400,000

Overview

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 opportunities • Density: Up to 15 units per acre • Not in a flood zone, yet just 500 feet from the Gulf of Mexico • Gulf views possible from a multi-story structure • Surrounded by new homes, high-rise condos, restaurants, close to public beach access (#9), and major attractions • Ideal for commercial retail, short-term rentals, townhomes, or a mixed-use development A 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

Status: Active

Price: $1,400,000

Property Type: Commercial

Days On Market: 225

MLS #: 781168

Lot Information

Sq Ft: 22,000

Lot Size Area: 1

Acres: 0.51

Area Information

Address: 5518 Thomas Drive, Panama City Beach, Fl 32408

City: Panama City Beach

State: Florida

County: Bay

Zip: 32408

Directions: South on Navy Blvd.. Drive for 4.2 miles. Property is on right, northwest corner of Thomas Drive & Biltmore Drive.

Subdivision: Gulf Lagoon Beach

More Facts And Features

Available Utilities: Sewer Available