$800,000
Panama City Beach, FL 32408
MLS# 951491
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Property Description
Introducing an unparalleled opportunity for developers and investors alike: a prime commercial parcel nestled in the heart of Thomas Dr. with tons of visibility from the highway. This meticulously regulated zone boasts a maximum height allowance of 230 feet, providing the canvas for innovative vertical development that maximizes both space and potential. The parcel is across the Boating Marina, high end restaurants and nearby beach access. Situated within Tax District 56, this property enjoys the benefits of county limits, offering a strategic location with access to essential infrastructure and amenities. With a lot size meticulously defined, developers can envision their projects with precision, optimizing every inch of the available space.
Details
None
Current Price: $800,000
Status Change Info
Status: Active
Contract Info
GCCMLS Number: 40488601
List Date: 2024-06-04
List Price: $800,000
Listing Board: Emerald Coast
Location Tax and Legal
Area: 27 - Bay County
Street #: 4010
Street Name: Thomas
Street Suffix: Drive
State: FL
Zip Code: 32408
County: Bay
Parcel ID: 31618-200-000
General Property Info
Listed on GCCMLS: Yes
Office Class: Commercial Development Parcel
Description: Commercial Development Parcel
Property Information: Here is the link to see zoning and regulation: https://www.co.bay.fl.us/DocumentCenter/View/641/Land-Development-Regulations-Table-of-Contents-PDF
Vacant: Yes
Immediate Occupancy: Yes
Acreage: 0.43
Lot SqFt: 18900
Lot Frontage: 225
Lot Depth: 84
Zoning: Commercial
Future Land Use: Commercial
Land
Property Type: Commercial
Property Features
Class: Hotel/Motel; Land; Office; Retail
Construction Status: N/A
Supplements
allows for a multitude of R1-5 uses, extending from the beach line. From boutique shops to vibrant eateries, the possibilities for commercial ventures are as diverse as the coastal landscape itself. What sets this property apart is its unique stipulation on coverage: only 75% of the lot may be utilized for pavement, sidewalks, and infrastructure. This requirement fosters a harmonious blend of urban functionality and aesthetic appeal, ensuring that development maintains a balance between utility and environmental consciousness. Upon establishing the building footprint, developers are granted a designated usable space. Within this boundary, creativity knows no bounds, as 75% of the area can be fully utilized to realize the vision for the property. Whether crafting a sleek office tower, a chic retail hub, or a dynamic mixed-use complex, the potential for transformative development is boundless.
In summary, this commercial parcel offers more than just a piece of landit presents an opportunity to shape the skyline and redefine the fabric of the community. With its strategic location, meticulous zoning regulations, and expansive potential, this property stands as a beacon for those seeking to leave a lasting mark on the coastal landscape.
Listing Office: Coldwell Banker Realty
Last Updated: December - 24 - 2025
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2020 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
