5518 Thomas Drive, Panama City, FL 32408

Property Description

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

Listing Status:

Active

Date Added:

November 4, 2025 at 06:00AM

Listing Office:

Local Insight Realty : 850-832-9417

MLS ID:

781204

Location

• Originating MLS: CPAR_CPAR
• County: Bay

Lot

• Zoning: GULF LAGOON BEACH LOTS 1 & 2 BLK 16 ORB 4617 P 190432362-000-000
• View: GulfView

Utilities

• Utilities: Sewer Available

Financial

• Source: CPAR_CPAR

This listing courtesy of Local Insight Realty