Panama City Beach Redevelopment
8602 Thomas Dr Panama City Beach, FL 32408
For Sale
$2,500,000
2-acre redevelopment site on Thomas Drive near beach access.
Days on Market251
Property Features for 8602 Thomas Dr
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
Graham & Company
(850) 348-0808
Listed By:
Kevin Williams, CCIM
Source:
Grahamcompany
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 29 at 4:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Graham & Company
Investment Insights
Based on property information with market context.
This 2-acre property is a prime redevelopment site located on Thomas Drive in east-end Panama City Beach. It features 350 feet of frontage on Thomas Drive and is situated 465 feet from public beach access #24. The site currently operates as Emerald Falls Family Recreation Center, offering go-karts, mini-golf, an arcade, and outdoor attractions. Thomas Drive functions as Panama City Beach's entertainment and retail corridor. The property is positioned minutes from Shipwreck Island, Ripley's Believe It or Not, WonderWorks, and Pier Park. All utilities are available to the site. This large, improved parcel includes existing parking and access, making it suitable for mixed-use development, a restaurant, a resort, or high-density residential conversion. Its location in a high-visibility leisure and commercial corridor serves both local residents and tourists throughout the year, with close proximity to marinas and St. Andrews State Park.
Key Highlights
- Prime redevelopment site on Thomas Drive, part of Panama City Beach's entertainment/retail spine.
- Large, improved 2‑acre parcel with existing parking and access.
- 350' Frontage on Thomas Drive.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Storefront property - 2-acre redevelopment site on Thomas Drive near beach access.
Where is this storefront property located?
The property is located at 8602 Thomas Dr Panama City Beach, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Prime redevelopment site on Thomas Drive, part of Panama City Beach's entertainment/retail spine.; Large, improved 2‑acre parcel with existing parking and access.; 350' Frontage on Thomas Drive.
