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5518 Thomas Dr Panama City, FL 32408

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For Sale
$1,500,000

Prime .51-acre site on Thomas Drive business corridor.

Lot size:
0.51 Acres

Property Features for 5518 Thomas Dr

General Information

Standard status
Active
Lot size
0.51 Acres

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Listing Contact
Beth Christie
Beth Christie
Source: Corcoran

Listing Agency: LOCAL INSIGHT REALTY Listing Agent: Beth Christie

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

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Overview

Thomas Drive Development Opportunity

This is a rare development opportunity situated along the Thomas Drive business corridor. The .51-acre site comprises three combined lots, measuring 100' x 220', with frontage on Thomas Drive, Beach Drive, and Biltmore Drive. This configuration allows access from three road fronts, 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, public beach access, and major attractions. The site is suited 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.
Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Nail Salon Auto Repair Shop Gym & Fitness Center Pharmacy Skin Care Clinic

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

Location Insight

  • Map
  • Local Demand
City
Panama City
County
Walton
State
Florida
Longitude
-85.7572863
Latitude
30.1452817

FAQs

What type of property is this?
Commercial land - Prime .51-acre site on Thomas Drive business corridor.
Where is this commercial land located?
The property is located at 5518 Thomas Dr Panama City, FL.
What is the asking price?
The asking price for this property is $1,500,000.
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 and access from three roads: Thomas Drive, Beach Drive, and Biltmore Drive.
More about this property
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