Zoned Neighborhood Commercial
5518 Thomas Drive Panama City Beach, FL 32408
For Sale
$1,400,000
Commercial land with C-1 zoning and three road frontages on Thomas Drive, Beach Drive, and Biltmore Drive.
Days on Market261
Property Features for 5518 Thomas Drive
General Information
- Standard status
- Active
- Property subtype
- Land or Vacant Lot
Listing Agency:
LOCAL INSIGHT REALTY
(850) 832-9417
Listed By:
BETH CHRISTIE
Source:
Corcoran
Added: Nov 4, 2025
Changed: Jul 22
Last Checked: Jul 23 at 9:03AM
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 LOCAL INSIGHT REALTY
Investment Insights
Based on property information with market context.
This for-sale development site totals approximately 0.51 acres across three combined lots, with frontage on Thomas Drive, Beach Drive, and Biltmore Drive. The property is zoned C-1 (Neighborhood Commercial), and the density allows up to 15 units per acre. Not in a flood zone, yet approximately 500 feet from the Gulf of Mexico, the site offers the possibility of Gulf views from a multi-story structure. Buyer should verify all details related to the property.
The assemblage includes parcel IDs 32362-000-000, 31857-000-000, and 31856-000-000. Surrounding context includes new homes, high-rise condos, restaurants, and proximity to public beach access at #9 and major attractions, supporting a range of commercial and mixed-use concepts consistent with the C-1 zoning. The seller notes the site could accommodate uses such as commercial retail, short-term rentals, townhomes, or a mixed-use development, subject to approvals.
The assemblage includes parcel IDs 32362-000-000, 31857-000-000, and 31856-000-000. Surrounding context includes new homes, high-rise condos, restaurants, and proximity to public beach access at #9 and major attractions, supporting a range of commercial and mixed-use concepts consistent with the C-1 zoning. The seller notes the site could accommodate uses such as commercial retail, short-term rentals, townhomes, or a mixed-use development, subject to approvals.
Key Highlights
- .51‑acre commercial land made up of three combined lots (100' x 220') with frontage on Thomas Drive, Beach Drive, and Biltmore Drive
- Zoned C‑1 (Neighborhood Commercial) allowing a wide range of commercial, mixed‑use, and multifamily opportunities
- Density up to 15 units per acre
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
What type of property is this?
Commercial land - Commercial land with C-1 zoning and three road frontages on Thomas Drive, Beach Drive, and Biltmore Drive.
Where is this commercial land located?
The property is located at 5518 Thomas Drive Panama City Beach, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: .51‑acre commercial land made up of three combined lots (100' x 220') with frontage on Thomas Drive, Beach Drive, and Biltmore Drive; Zoned C‑1 (Neighborhood Commercial) allowing a wide range of commercial, mixed‑use, and multifamily opportunities; Density up to 15 units per acre
