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    4010 Thomas Dr Panama City, FL 32408

    For Sale
    $1,200,000

    Beachfront development opportunity, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 18,731 sq ft commercial lot in Panama City Beach, Florida (zip code 32408, located at 4010 Thomas Drive) is listed at $1,200,000. Situated across from a boating marina and high-end restaurants, with nearby beach access, this property offers unparalleled visibility from the highway. The lot is within Tax District 56, benefiting from county limits and access to essential infrastructure. Zoned R1-5, it allows for a multitude of uses extending from the beach line, including boutique shops and restaurants. A unique stipulation mandates that only 75% of the lot can be used for pavement, sidewalks, and infrastructure, fostering a balance between urban functionality and aesthetic appeal. The maximum building height is 230 feet, maximizing development potential. Upon establishing the building footprint, 75% of the designated usable space can be fully utilized. The existing building is scheduled for demolition within the next 2-4 weeks, transforming the property into raw land ready for development. This presents a rare chance to create a landmark development in a prime coastal location. The property's strategic location, meticulous zoning, and expansive potential make it an ideal investment for those seeking to leave a lasting impact on the community.

    Property Features for 4010 Thomas Dr

    General Information

    Property type
    Specialty properties

    HighLights

    • $1,200,000 asking price for a special purpose property.
    • 18,731 square foot lot in Panama City Beach, Florida.
    • Prime commercial parcel on Thomas Drive with high visibility.
    • Maximum building height of 230 feet.
    • Located across from a boating marina, high‑end restaurants, and beach access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jax Wear Designs Clothing Store JG&FV Cleaning services ... House Cleaning Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.7498508
    Latitude
    30.1411718

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    FAQs

    What type of property is this?
    Specialty property - Beachfront development opportunity, high visibility.
    Where is this specialty property located?
    The property is located at 4010 Thomas Dr Panama City, FL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price for a special purpose property.; 18,731 square foot lot in Panama City Beach, Florida.; Prime commercial parcel on Thomas Drive with high visibility.
    Request Owner's contact information
    4010 Thomas Dr 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
    4010 Thomas Dr Panama City, FL 32408
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