$1,400,000
Panama City Beach, FL 32408
MLS# 781204
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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
Details
Maps
Contract Info
List Price/Acre: 2745098.04
Status: Active
List Date: 2025-10-29
List Price: $1,400,000
Current Price: $1,400,000
Location
Sub Area: 0323 - Beach - South of Grand Lagoon
Community/Resort: None
Waterfront: No
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: South on Navy Blvd.. Drive for 4.2 miles. Property is on right, northwest corner of Thomas Drive & Biltmore Drive.
Street #: 5518
Street Name: Thomas
Street Suffix: Drive
Area: 03 - Bay County - Beach
State: FL
Zip Code: 32408
County: Bay
Subdivision: Gulf Lagoon Beach
Parcel ID: 32362-000-000
Legal Description: GULF LAGOON BEACH LOTS 1 & 2 BLK 16 ORB 4617 P 1904
General Property Info
Acreage: 0.51
Lot Size (SqFt): 22000
Lot Dimensions: 100x220
Sub-Type: Vacant Land
Listing Info, Tax & Legal
HOA Fee: No
Is Subject Leased: No
Brokerage Interest: No Interest
As Is: Yes
Remarks & Misc
Remarks: 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
Financing
Cash: 1
Conventional: 1
Lot Features
Corner Lot: 1
Near Beach Access: 1
Within 1/2 Mile to Water: 1
Lot Access
County Road: 1
Paved Road: 1
Present Zoning
General Commercial: 1
Utilities
Electric - On-Site: 1
Sewer Available: 1
Water Available: 1
Waterview
Gulf: 1
Sale Type
As Is: 1
Property Features
Financing: Cash; Conventional
Lot Access: County Road; Paved Road
Lot Features: Corner Lot; Near Beach Access; Within 1/2 Mile to Water
Sale Type: As Is
Utilities: Electric - On-Site; Sewer Available; Water Available
Waterview: Gulf
Present Zoning: General Commercial
Listing Office: Local Insight Realty
Last Updated: May - 02 - 2026
Information deemed reliable but not guaranteed.