5518 Thomas Drive Panama City, FL 32408
Exceptional 0.51-acre site with frontage on three roads.
Type:Land or Vacant Lot
Lot size:
0.51 Acres- Added:
- Nov 4, 2025
- Days on Market:
- 176
- Last Refresh:
- Apr 5 at 9:35 pm
Property Features for 5518 Thomas Drive
General Information
- Standard status
- Active
- Lot size
- 0.51 Acres
- Property subtype
- Land or Vacant Lot
Listing agent BETH CHRISTIE
Listing office LOCAL INSIGHT REALTY (850) 832-9417
Listing date Nov 4, 2025
Source Corcoran
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
Overview
Prime Development Opportunity on Thomas Drive
This is a 0.51-acre site comprised of three combined lots, offering a development opportunity along Thomas Drive. The property features frontage on Thomas Drive, Beach Drive, and Biltmore Drive, providing access from three road fronts and offering visibility and accessibility for development. Zoned C-1 (Neighborhood Commercial), the site allows for a range of commercial, mixed-use, and multifamily opportunities, with a density of up to 15 units per acre. The property is not in a flood zone and is located approximately 500 feet from the Gulf of Mexico. A multi-story structure may offer Gulf views. The surrounding area includes new homes, high-rise condos, restaurants, and major attractions, and is close to public beach access. The site is suitable for commercial retail, short-term rentals, townhomes, or a mixed-use development. A three-story building on this site could capture Gulf views, making it suitable for a boutique hotel, retail center, or luxury residential units. The property includes three parcels.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Walton
- State
- Florida
- Longitude
- -85.7573
- Latitude
- 30.1453
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Exceptional 0.51-acre site with frontage on three roads.
Where is this commercial land located?
The property is located at 5518 Thomas Drive Panama City, 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: Rare .51‑acre development opportunity on the highly sought‑after Thomas Drive business corridor.; Zoned C‑1, allowing for a wide range of commercial, mixed‑use, and multifamily development options.; Unique configuration with frontage on three roads (Thomas Drive, Beach Drive, and Biltmore Drive) providing excellent visibility and accessibility.
