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    6422 Thomas Dr Panama City, FL 32408

    For Sale
    Contact for pricing

    Prime Beachfront Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 1.35-acre development site presents a rare opportunity in Panama City Beach, Florida. Located at 6422 & 6430 Thomas Drive, this property boasts 250 feet of direct frontage on Thomas Drive, a major thoroughfare running parallel to the beach, ensuring high visibility and accessibility. Directly across from the stunning white-sand beaches of Florida's Panhandle, the site benefits from its prime location within the rapidly growing Crescent Beach submarket. The property comprises two vacant parcels zoned SR-1A (Bay) Seasonal/Resort Mixed Use District, allowing for a building height of up to 100 feet. This flexible zoning caters to a wide range of development possibilities, from high-density residential to mixed-use projects. The parcels are identified by APN numbers 30696-000-000 and 30695-000-000, and are situated in Bay County, Florida, zip code 32408. This unique offering combines exceptional location, flexible zoning, and significant frontage, making it an ideal investment for discerning developers seeking a high-impact project in a thriving coastal market. The property's proximity to the beach and its prominent location on Thomas Drive offer unparalleled potential for a successful venture. Don't miss this chance to acquire a truly remarkable development site in one of Florida's most desirable coastal destinations.

    Property Features for 6422 Thomas Dr

    General Information

    Property type
    Land
    Lot Size
    58,806 SF

    HighLights

    • 1.35‑acre development site in Panama City Beach, FL, with 250 feet of frontage on Thomas Drive.
    • Directly across from the beach in the Crescent Beach submarket.
    • Zoned SR‑1A (Bay), allowing up to 100‑foot building height for high‑density residential or mixed‑use development.
    • APN numbers 30696‑000‑000 and 30695‑000‑000, Bay County, FL, 32408.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Spa & Massage Hair Salon Realty agency Nail Salon Clothing Store Building Supply Gym & Fitness Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.766167
    Latitude
    30.152617

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    FAQs

    What type of property is this?
    Land - Prime Beachfront Development Opportunity
    Where is this land located?
    The property is located at 6422 Thomas Dr Panama City, FL.
    What are key features of this property?
    This property features: 1.35-acre development site in Panama City Beach, FL, with 250 feet of frontage on Thomas Drive.; Directly across from the beach in the Crescent Beach submarket.; Zoned SR-1A (Bay), allowing up to 100-foot building height for high-density residential or mixed-use development.
    (305) 858-6239
    Request Owner's contact information
    6422 Thomas Dr Panama City, FL 32408
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    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
    6422 Thomas Dr Panama City, FL 32408
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