4 Beds
1 Bath
6,985 sqft
$1,900,000
6908 Thomas Drive, Panama City Beach FL, 32408
Price per sqft$272.01
Built in1979
Property size6,985 sqft
Property typeMulti-family
Overview
Active
Listed Nov 9, 2026
Updated 6h ago
Remarks: Prime Mixed-Use Opportunity - Gulf View Property on Thomas Drive | Zoned C-1. Attention Investors, Builders, and Entrepreneurs -- this is the opportunity you've been waiting for! This rare .53-acre Gulf-view property is zoned C-1 Neighborhood Commercial, with mixed use opportunities surrounded by not only commercial buildings, but many Mixed -Use properties, offering a wide range of development possibilities. Situated in the heart of Panama City Beach, just 800 feet from the Gulf of Mexico, the site features: • Four (4) separate lots totaling approximately 23,000 sq. ft., or .53 of an acre • 100 feet of frontage on Thomas Drive, extending 230 feet through to Beach Drive • Includes a building with approx. 6,985 sq. ft. and 3 upstairs office/storage rooms, and bathrooms. Property Features: • High visibility in a bustling area surrounded by high-rise condos, restaurants, public beach access, and major attractions • Previously operated as a bar/restaurant • Recent renovations include complete build-out and new HVAC system • On-site signage and real estate included • Inventory available for purchase if buyer wishes to maintain existing store/business • Not in a flood zone -- despite being just steps from the Gulf! Zoning & Development Details: • C-1 Zoning allows for commercial, mixed-use, or multifamily development • Density: Up to 15 units per acre • Maximum Building Height: 35 feet • Impervious Surface Ratio: 60% • Floor Area Ratio: 100% • Setbacks: 20 ft front/rear, 5 ft sides • Minimum Lot Frontage: 70 ft Whether you're looking to develop multi-family units, open a thriving new business, or hold a valuable asset in one of the most sought-after areas of Panama City Beach, this property checks every box. Don't miss out on this exceptional investment. Schedule your private showing today -- before someone else turns your vision into their reality. All measurements, zoning allowances, and property details to be verified by buyer through personal or professional inspection.
$12,641/mo
Est. mortgage payment based on a $1,900,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 797636
Interior Features
- Bedrooms
- 4
- Bathrooms
- 1
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.53 Acres
Other Property Details
- Taxes
- $7,572
- Tax Frequency
- Annually
- View
- Yes
Courtesy of Own It Real Estate LLC, Cindy K Chavira,
Listing Contact: 850-867-0506
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Shaun Larson shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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