5518 Thomas Drive, Panama City, FL 32408
$1,400,000
Property Type:
Commercial Land
Lot Size (sq. ft.):
22,000
Status:
Active
Current Price:
$1,400,000
List Date:
11/03/2025
Last Modified:
3/31/2026
Listing Details MLS# 781168
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
- 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
- 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.
- HOA Fee
- No
Contract Info
- List Price/Acre
- 2745098.04
- Sub-Type
- Vacant Land
- List Type
- Exclusive Right of Sale
- Named Exception
- No
General Property Info
- Site Dimensions
- 100×220
- Acreage
- 0.51
- Lot Size (SqFt)
- 22000
- Is Subject Leased
- No
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
- Yes
- Conventional
- Yes
More Information
Lot Features
- Corner Lot
- Yes
- Near Beach Access
- Yes
- Within 1/2 Mile to Water
- Yes
Lot/Parcel Access
- County Road
- Yes
- Paved Road
- Yes
Present Zoning
- General Commercial
- Yes
Utilities
- Electricity – Availabile
- Yes
- Sewer Available
- Yes
- Water Available
- Yes
Waterview
- Gulf
- Yes
Sale Type
- As Is
- Yes
TransportationAccess
- 2 – Lane
- Yes
- 4 – Lane
- Yes
- Center Turn Lane
- Yes
- County Road
- Yes
- Paved
- Yes
Property Features
TransportationAccess:
2 – Lane; 4 – Lane; Center Turn Lane; County Road; Paved
Financing:
Cash; Conventional
Lot Features:
Corner Lot; Near Beach Access; Within 1/2 Mile to Water
Sale Type:
As Is
Utilities:
Electricity – Availabile; Sewer Available; Water Available
Present Zoning:
General Commercial
Waterview:
Gulf
Listing Office:
Local Insight Realty
Last Updated: March – 31 – 2026
Information deemed reliable but not guaranteed.