000 Thomas Dr Panama City Beach, FL 32408
This exceptional 3.36-acre parcel in Panama City Beach, Florida, presents a remarkable investment opportunity. Located at 000 Thomas Drive, this property boasts a strategic position east of Thomas Drive and Daniel Street, ensuring high visibility and accessibility. The lot size is 146,362 square feet, offering ample space for diverse development projects. The property's C-3 zoning allows for a wide range of commercial uses, subject to local regulations. With a daily traffic count of 18,900 vehicles on Thomas Drive, this location guarantees significant exposure. The asking price is $2,850,000. A height restriction of 230 feet applies; potential buyers are advised to verify zoning details and restrictions with the relevant local authorities before making any purchase decisions. This property's prime location and substantial size make it ideal for developers, investors, or anyone seeking a significant land holding in a thriving coastal community. The zip code is 32408.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.