8602 Thomas Dr Panama City Beach, FL 32408

Listing office GRAHAM & COMPANY k***@grahamcompany.com Show Phone

Listing date Nov 21, 2025

Source Grahamcompany

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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.

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FAQs

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.