Average square foot calculated using Size range provided by listing agent.
Description
Prime Commercial 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 .54-acre Gulf-view property is zoned C-1 Neighborhood Commercial, 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, 522 sq. Ft., or .54 of an acre100 feet of frontage on Thomas Drive, extending 235 feet through to Beach DriveIncludes 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 attractionsPreviously operated as a bar/restaurantRecent renovations include complete build-out and new HVAC systemOn-site signage and real estate includedInventory available for purchase if buyer wishes to maintain existing store/businessNot in a flood zone -- despite being just steps from the Gulf!Zoning & Development Details:C-1 Zoning allows for commercial, mixed-use, or multifamily developmentDensity: Up to 15 units per acreMaximum Building Height: 35 feetImpervious Surface Ratio: 60%Floor Area Ratio: 100%Setbacks: 20 ft front/rear, 5 ft sidesMinimum Lot Frontage: 70 ftWhether 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.Show Description