active Listed As-Is

5518 Thomas Drive, Panama City Beach, FL 32408

$1,400,000

Reduced $100,000 from the original list price of $1,500,000

—Beds
—Baths
—Sq Ft
0.51Acres
—Year Built
—/moHOA
On site 211 days — 207 days cumulative across relistings
See the full community guide Lower Grand Lagoon Beachfront →

Details

Short-term rental status not confirmed

Property Details

Gulf view

About This Home

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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Ask About This Home

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Call (850) 866-1149

Listed by Beth Christie, Local Insight Realty · beth@localinsightrealty.com

Equal Housing Opportunity
Equal Housing
Opportunity
Listing data provided by: Central Panhandle Association of Realtors (CPAR) Information deemed reliable but not guaranteed. The information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Brokerage: Century 21 AllPoints Realty, licensed real estate broker.