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5518 Thomas Drive
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PRICED AT ONLY: $1,500,000

Address: 5518 Thomas Drive, Panama City, FL 32408

Description

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
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  • MLS#: 781168 ( Land )
  • Street Address: 5518 Thomas Drive
  • Viewed: 84
  • Price: $1,500,000
  • Price sqft: $0
  • Waterfront: Yes
  • Wateraccess: Yes
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 73
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Utilities
  • Carport Spaces: 0.00
  • Road Frontage Type: CountyRoad
  • Utilities: SewerAvailable
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Trash Expense: 0.00
Other Features
  • Legal Description: GULF LAGOON BEACH LOTS 1 & 2 BLK 16 ORB 4617 P 1904; BILTMORE BEACH LOT 2 BLK K ORB 4727 P 77; BILTMORE BEACH LOT 1 BLK K ORB 4727 P 77
  • Area Major: 03 - Bay County - Beach
  • Parcel Number: 32362-000-000
  • The Range: 0.00
  • View: Gulf
  • Views: 84
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Details for 5518 Thomas Drive, Panama City, FL 32408
$1,500,000.00

5518 Thomas Drive More Like This

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 frontag

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