5518 Thomas Drive, Panama City Beach, FL 32408 (MLS# 698019)

5518 Thomas Drive, Panama City Beach, FL 32408

$825,000

Property Type: Commercial Land Lot Size (sq. ft.): 21,954 Status: Sold

Current Price: $825,000 List Date: 7/01/2022 Last Modified: 10/08/2024

Overview

Description

PRIME LOCATION FOR INVESTORS/DEVELOPERS-PANAMA CITY BEACH IS ONE OF THE HOTTEST REAL ESTATE MARKETS IN THE USA WITH RECORD BREAKING TOURISM AND SUBSTANTIAL GROWTH. Don’t miss out on this Prime Commercial Property located on the highly sought after Thomas Drive business corridor. Multiple parcels are being sold together to make one fantastic piece of property. A three story building would have breathtaking views of the Beautiful Gulf of Mexico! The C-1 zoning provides flexibility in its allowable uses, with easy access from three road fronts. Bring your offer today!

Listing Details MLS# 698019

Location, Tax & Legal

Street #: 5518
Street Name: Thomas
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Area: 03 – Bay County – Beach
Subdivision: Gulf Lagoon Beach
Parcel ID: 32362-000-000; 31856-000-000; 31857-000-000
Legal Description: Parcel I: Lots 1 and 2, Block ''K'', Biltmore Beach, as on file in Plat Book 8, Page 25, Public Records of Bay County, Florida. Parcel II: Lots 1 and 2, Block 16, Gulf Lagoon Beach, as on file in Plat Book 8, Page 24, Public Records of Bay County, Florida.
Sub Area: 0323 – Beach – South of Grand Lagoon
Lot: 1&2
Block: 16
Community/Resort: None
Waterfront: No
Section: 16
Township: 4S
Range: 15W
Elementary School: Patronis
Middle School: Surfside
High School: Arnold
Directions: From Hathaway Bridge, drive west on US 98. Turn left on Thomas Drive. Drive for 4.2 miles. Property is on right, northwest corner of Thomas Drive & Biltmore Drive.
HOA Fee: No

Contract Info

List Price/Acre: 1980000
Sub-Type: Vacant Land
List Type: Exclusive Right of Sale

General Property Info

Site Dimensions: 100×210
Acreage: 0.5
Lot Size (SqFt): 21954
Is Subject Leased: No

Status Change Info

Under Contract Date: 2022-07-21
Sold Date: 2022-10-04
Sold Price/Acre: 1650000

Remarks & Misc

Remarks: PRIME LOCATION FOR INVESTORS/DEVELOPERS-PANAMA CITY BEACH IS ONE OF THE HOTTEST REAL ESTATE MARKETS IN THE USA WITH RECORD BREAKING TOURISM AND SUBSTANTIAL GROWTH. Don't miss out on this Prime Commercial Property located on the highly sought after Thomas Drive business corridor. Multiple parcels are being sold together to make one fantastic piece of property. A three story building would have breathtaking views of the Beautiful Gulf of Mexico! The C-1 zoning provides flexibility in its allowable uses, with easy access from three road fronts. Bring your offer today!

Financing

Cash: Yes
Conventional: Yes

More Information

Lot Features

Within 1/2 Mile to Water: Yes

Lot/Parcel Access

Paved Road: Yes

Present Zoning

Commercial: Yes

Utilities

Public Sewer – Connected: Yes
Water Connected: Yes

Sale Type

Accept Backup Offers: Yes
As Is: Yes

TransportationAccess

4 – Lane: Yes
Paved: Yes

Property Features

TransportationAccess: 4 – Lane; Paved Financing: Cash; Conventional Lot Features: Within 1/2 Mile to Water Sale Type: Accept Backup Offers; As Is Utilities: Public Sewer – Connected; Water Connected Present Zoning: Commercial

Listing Office: Corcoran Reverie

Last Updated: October – 08 – 2024

Information deemed reliable but not guaranteed.