4010 Thomas Dr Panama City, FL 32408

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.