Active

4010 Thomas Drive

Panama City Beach FL, 32408

$1,500,000


Active

Commercial

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. Adhering to zoning regulations, the property 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. Building is in process of being torn down into raw land in the next 2-4 weeks.

951491

MLS ID

June 4, 2024

Listed

July 23, 2024

Updated

Map

4010 Thomas Drive
Panama City Beach FL, 32408

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.43 Acres

Other Property Details

Area Name

27 - Bay County


Days on Market

49


Garage

No


View

No


County

Bay


Pool

No


Zoning

Commercial

Listing History

Date

Event

Price

7/23/2024

Price Change

$1,500,000

-17%

Courtesy of EXP Realty LLC, Emerald Coast Group,
Listing Contact: [email protected] 

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Data last updated 6:25 PM UTC, 7/23/2024

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