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#: 781204 ( Residential )
- Street Address: 5518 Thomas Drive
- Viewed: 50
- Price: $1,500,000
- Price sqft: $0
- Waterfront: Yes
- Wateraccess: Yes
- Year Built: Not Available
- Bldg sqft: 0
- Days On Market: 33
- Additional Information
- Geolocation: 30.1454 / -85.7572
- County: BAY
- City: Panama City
- Zipcode: 32408
- Subdivision: Gulf Lagoon Beach
- Elementary School: Patronis
- Middle School: Surfside
- High School: Arnold
- Provided by: Local Insight Realty
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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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- Principal & Interest -
- Property Tax $
- Home Insurance $
- HOA Fees $
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Features
Building and Construction
- Covered Spaces: 0.00
- Living Area: 0.00
Land Information
- Lot Features: Paved
School Information
- High School: Arnold
- Middle School: Surfside
- School Elementary: Patronis
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
Utilities
- Carport Spaces: 0.00
- Utilities: SewerAvailable
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
- Area Major: 03 - Bay County - Beach
- Parcel Number: 32362-000-000
- The Range: 0.00
- View: Gulf
- Views: 50
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