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5518 Thomas Drive
Panama City, FL 32408

$1,500,000 - Status: Active
Bed Icon Beds: 0
Bath Icon Baths:
MLS Icon MLS# 781168

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

Property Features

MLS#: 781168
Zip: 32408
Subdivision: Gulf Lagoon Beach
Development: 0323 - Beach - South Of Grand Lagoon
Property Type: Land - Commercial
Days on Site: 146
Lot Size: 0.51 acres

Feature Descriptions

Parcel#: 32362-000-000
Special View Info: Gulf
Utilities: Sewer Available

5518 Thomas Drive | MLS# 781168

This land located at 5518 Thomas Drive, Panama City, FL 32408 is currently listed for sale with an asking price of $1,500,000. The property has approximately 0.51 Acres. Search Panama City real estate on hbrigmond.beachybeach.com today.

Listed By / Shown By

Listed By

Agency Name: Local Insight Realty

Shown By

Agent Name: Henry Brigmond, PA
Agent Phone: (850) 851-9201
Agency Title: Beachy Beach Real Estate

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/29/2026. The listing information on this page last changed on 03/29/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 03/29/2026 4:26:16 PM EST) or Emerald Coast MLS (last updated Sun 03/29/2026 4:25:24 PM EST) or Central Panhandle Association of Realtors (last updated Sun 03/29/2026 4:17:25 PM EST). Real estate listings held by brokerage firms other than Beachy Beach Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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