5518 Thomas Drive, Panama City, FL 32408
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Priced at Only: $1,500,000
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Address: 5518 Thomas Drive, Panama City, FL 32408
Property Location and Similar Properties
- MLS#: 781168 ( Land )
- Street Address: 5518 Thomas Drive
- Viewed: 1
- Price: $1,500,000
- Price sqft: $0
- Waterfront: Yes
- Wateraccess: Yes
- Waterfront Type: Gulf
- Year Built: Not Available
- Bldg sqft: 0
- Days On Market: 1
- Additional Information
- Geolocation: 30.1453 / -85.7572
- County: BAY
- City: Panama City
- Zipcode: 32408
- Subdivision: Gulf Lagoon Beach
- Provided by: Local Insight Realty
- DMCA Notice
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DescriptionThis 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
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Building and Construction
- Covered Spaces: 0.00
- Living Area: 0.00
Land Information
- Lot Features: CornerLot
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
Utilities
- Carport Spaces: 0.00
- Road Frontage Type: CountyRoad
- Utilities: WaterAvailable
Amenities
- Association Amenities: BeachAccess
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Pet Deposit: 0.00
- Security Deposit: 0.00
- Trash Expense: 0.00
Other Features
- 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
- Area Major: 03 - Bay County - Beach
- Parcel Number: 32362-000-000
- The Range: 0.00
Similar Properties
Nearby Subdivisions
[no Recorded Subdiv]
Bay Point Unit 1
Bel Air
Biltmore Beach
Crescent Beach Unit 1
Finisterre
Gulf Lagoon Beach
Holiday Beach Unit 10
Holiday Beach Unit 11
Martinique
Martinique Phase Ii
Martinique Phase Iii
No Named Subdivision
North Lagoon Oaks 7th
Pines 4th Add
Preserve On The Bay Ph I
Preserve On The Bay Ph Iii-a
Sanctuary Beach
Silver Sands Beach
Treasure Cove Unit 2
Venture Out Travel Trail
- Natalie Gorse, REALTOR ®
- Tropic Shores Realty
- Office: 352.684.7371
- Mobile: 352.584.7611
- Fax: 352.799.3239
- nataliegorse352@gmail.com
