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4010 Thomas Drive, Panama City Beach, FL 32408 (MLS# 951491)

4010 Thomas Drive, Panama City Beach, FL 32408

$750,000
Property Type: Commercial for Sale Lot Size (sq. ft.): 18,731 Status: Active
Current Price: $750,000 List Date: 9/25/2025 Last Modified: 2/21/2026

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.

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.

More Information MLS# 951491

Contract Info

GCCMLS Number: 40488601 Listing Board: Emerald Coast List Date: 2024-06-04 List Price: $750,000

Location, Tax and Legal

Sub Area: 2723 - Beach - South of Grand Lagoon Legal Description: LAZY DAZE CONDO 16 4S 15W -527.5- M 70B1 ENDING RE# 31618-236-000 PH LISTING HARBOUR'S EDGE

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 Lot SqFt: 18900 Immediate Occupancy: Yes Lot Depth: 84 Zoning: Commercial Lot Frontage: 225 Future Land Use: Commercial Acreage: 0.43

Listing Info, Tax & Legal

As Is: Yes

Remarks & Misc

Remarks: 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.

Class

Hotel/Motel: 1 Land: 1 Office: 1 Retail: 1

Construction Status

N/A: 1

Land

Property Type: Commercial

None

Current Price: $750,000

Status Change Info

Status: Active

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

Property Features

Class: Hotel/Motel; Land; Office; Retail Construction Status: N/A
Listing Office: Watersound Real Estate
Listing Agent: Ricardo E Hidalgo
Last Updated: February - 21 - 2026
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.