Sold

5518 Thomas Drive, Panama City, FL 32408

View property features, location on map, relevant school information and overview from seller's agent.

Listed byLocal Insight Realty
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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

Location

Full feature list

Basic info

Property type
Land
Lot size (acres)
0.51

Exterior features

Water view
Yes

Public schools

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Sourced from: Central Panhandle Association of REALTORS MLS®#: 781168

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