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    centralbayrealestate@gmail.com
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  • Central Bay Realty & Property Management
    732 Ohio Ave
    Lynn Haven, FL 32444
    (850) 257-5016
    centralbayrealstate@gmail.com

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      $1,500,000
      For Sale

      5518 Thomas Drive

      Panama City, FL 32408
      0.51 acres | #781168
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      Browse 9 photos
      Type:Purchase
      Structure:Land
      Zone:Residential

      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

      • Property Details
          • SubdivisionGulf Lagoon Beach
          • Utility FeaturesWater Available
          • Short SaleListed As Is
          • Lot DescriptionCorner Lot
          • Original List Price$1,500,000
          • Property SubtypeCommercial
          • Property TypePurchase
          • Cost1500000
          • MLS #781168
          • MLS #781168
          • Acres0.51
          • CountyBay
          • Days on Market (Cumulative)1

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      IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

      Last Updated: Today at 2:20 AM. Source: CPAR

      Provided By
      Listing Agent: Beth Christie (#B1355)
      Listing Office: Local Insight Realty (#LIR)

      Tishawn PackardReal Estate Group
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