4010 Thomas Drive Panama City Beach, FL 32408
Listing Courtesy of: CENTRAL PANHANDLE / Coldwell Banker Realty / Ricardo Hidalgo

  4010 Thomas Drive Panama City Beach, FL 32408

Active (453 Days)
$900,000 (USD)

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. 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.

MLS #:
758163
Lot Size
0.43 acres
Type
Land
County
Bay County
Community
Gulf Lagoon Beach

Listed By

Ricardo Hidalgo, Coldwell Banker Realty
Source
CENTRAL PANHANDLE
Last checked Oct 2 2025 at 10:36 PM GMT+0000
Bathroom Details
Subdivision
  • Gulf Lagoon Beach
Utility Information
  • Utilities: Sewer Available, Water Connected
  • Sewer: Public Sewer
Location
   
Calculate drive times to this property
 
Powered by INRIX® Drive Time

Powered by Walk Score®

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jun 16, 2025
Price Changed
$900,000
-16%
-175,000
Feb 19, 2025
Price Changed
$1,075,000
-10%
-125,000
Oct 03, 2024
Price Changed
$1,200,000
-20%
-300,000
Jul 23, 2024
Price Changed
$1,500,000
-17%
-300,000
Jun 06, 2024
Original Price
$1,800,000
-
-
Disclaimer: Copyright 2025 Central Panhandle MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is 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. Data last updated 10/2/25 15:36