Home\Real Estate\Search Results\5518 Thomas Drive, Panama City, FL 32408

5518 Thomas Drive, Panama City, FL 32408

#781168

LND

$1,500,000

Details

This is your chance to secure a rare development opportunity along the highly sought-after Thomas Drive business corridor. An exceptional .51-acre site (three combined lots: 100' x 220') with frontage on Thomas Drive, Beach Drive, and Biltmore Drive. This unique configuration provides access from three road fronts, offering excellent visibility and accessibility for future development. • Zoned C-1 (Neighborhood Commercial) - allows for a wide range of commercial, mixed-use, and multifamily opportunities • Density: Up to 15 units per acre • Not in a flood zone, yet just 500 feet from the Gulf of Mexico • Gulf views possible from a multi-story structure • Surrounded by new homes, high-rise condos, restaurants, close to public beach access (#9), and major attractions • Ideal for commercial retail, short-term rentals, townhomes, or a mixed-use development A three-story building on this site would capture breathtaking Gulf views, making it perfect for a boutique hotel, retail center, or luxury residential units. Buyer should verify all details related to this property. Property includes 3 parcels- 32362-000-000; 31857-000-000; 31856-000-000
GENERAL
Real Estate Type LND
Full Bathrooms 0
Half Bathrooms 0
One Quarter Bathrooms 0
Three Quarter Bathrooms 0
Lot Size 1
Real Estate Sub Type Commercial
Square Feet 0
Stories 0
Lot Size Units Acres
Lot Size Area 1
Agent Key 26,984,397
Agent MLS Id B1355
Office Key 5,952,290
Source System Name Central Panhandle Association of REALTORS®
Source System Id TRESTLE
Office Phone 850-832-9417
Agent Url http://LocalInsightRealty.com/
Elevation 0
Parcel Number 32362-000-000
Number Of Units Total 0
Tax Legal Description GULF LAGOON BEACH LOTS 1 & 2 BLK 16 ORB 4617 P 1904; BILTMORE BEACH LOT 2 BLK K ORB 4727 P 77; BILTMORE BEACH LOT 1 BLK K ORB 4727 P 77
Special Listing Conditions ListedAsIs
Internet Address Display True
Internet Automated Valuation Display True
Agent Name Beth Christie
Agent Email [email protected]
Agent Cell 850-832-9417
Broker Id LIR
Office Name Local Insight Realty
Listing Contract Date 10/30/2025
Status Active
Days On Market 1
BUILDING
Fireplace False
Parking Total 0
Waterfront Features Gulf
Utilities WaterAvailable
Private Pool False
Spa False
LOCATION
Subdivision Gulf Lagoon Beach
Directions South on Navy Blvd.. Drive for 4.2 miles. Property is on right
northwest corner of Thomas Drive & Biltmore Drive.
County Bay
Waterfront True

Questions