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    6908 Thomas Dr Panama City, FL 32408

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    For Sale
    $1,900,000

    Prime commercial opportunity near the Gulf of America.

    Property size:
    6,985 SF
    Lot size:
    0.95 Acres

    Property Features for 6908 Thomas Dr

    General Information

    Size
    6,985 SF
    Lot size
    0.95 Acres

    Source: Counts Real Estate Group Agent Christopher McCall, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Gulf View Commercial Property

    This 0.54-acre Gulf-view property is zoned C-1 Neighborhood Commercial, offering various development possibilities. Located in Panama City Beach, it is situated 800 feet from the Gulf of America. The 6,985 square foot building includes 0.54 of an acre with 100 feet of frontage on Thomas Drive, extending 235 feet through to Beach Drive. The building is of masonry (concrete block) construction. The second floor includes 3 office/storage rooms, and additional bathrooms. It features high visibility in a tourist corridor, surrounded by high-rise condos, restaurants, public beach access, and major attractions. Previously operated as a bar/restaurant. Recent renovations include a complete build-out and new HVAC system. An on-site monument sign is present. The property is not in a flood zone and has no wetlands. It is zoned C-1 ''Neighborhood Commercial'', which allows for commercial, mixed-use, or multifamily development with a density of up to 15 units per acre, a maximum building height of 35 feet, an impervious surface ratio of 60%, a floor area ratio of 100%, and setbacks of 20 ft front/rear, 5 ft side.
    Location Intelligence

    Current Use by Public Records

    Irwin Family Water ... Plumbing Supply Store Sunnyside beach store Beach Clothing Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.7714342
    Latitude
    30.1564076

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    FAQs

    What type of property is this?
    Storefront property - Prime commercial opportunity near the Gulf of America.
    Where is this storefront property located?
    The property is located at 6908 Thomas Dr Panama City, FL.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Prime Gulf-view location on Thomas Drive in the heart of Panama City Beach.; - Zoned C-1 Neighborhood Commercial, allowing for commercial, mixed-use, or multifamily development.; - High visibility in a bustling tourist corridor with high-rise condos, restaurants, and beach access.
    (850) 814-9889
    Request Owner's contact information
    6908 Thomas Dr Panama City, FL 32408
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    Panama City, FL 32408
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6908 Thomas Dr Panama City, FL 32408
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