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6422-6430 Thomas Dr - Panama City Beach Development Site 1.35 Acres of Commercial Land Offered at $8,204,633 CAD in Panama City Beach, FL 32408

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INVESTMENT HIGHLIGHTS

1.35 Acre Property
SR-1A Seasonal/Resort Mixed-Use District Zoning
Residential and Hospitality allowed uses

Located across from the beach with 250 linear feet of frontage on Thomas Drive
Build up to 100 feet of Building Height

EXECUTIVE SUMMARY

Colliers, as exclusive listing broker, is pleased to present the opportunity to acquire a 1.35-acre development site located at 6422 & 6430 Thomas Drive in Panama City Beach, FL. The property is located directly across the street from the white-sand beaches of Florida’s Panhandle and is centrally located in the rapidly growing coastal market of Panama City Beach in the Crescent Beach submarket. The site has 250 feet of direct frontage on Thomas Drive, a major northwest-to-southeast thoroughfare, which runs parallel to the beach, offering excellent visibility and accessibility to the future project. The property is comprised of two parcels of vacant land with grandfathered in SR-1A (Resort Mixed-Use District) zoning allowing for the development of up to 100 feet in building height and unlimited density for public lodging uses (hotel or condo-hotel). Previous plans on the site include a 160-unit condo-hotel / hotel project on the site that can be utilized for the development of the property.

PROPERTY FACTS

Price	$8,204,633 CAD	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Multifamily Hospitality Apartment Units - Condo
No. Lots	1	Total Lot Size	1.35 AC
Property Type	Land
Zoning	SR-1A - SR-1A (Bay) Seasonal/ Resort Mixed Use District

Price	$8,204,633 CAD
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Multifamily Hospitality Apartment Units - Condo
Total Lot Size	1.35 AC
Zoning	SR-1A - SR-1A (Bay) Seasonal/ Resort Mixed Use District

1 LOT AVAILABLE

Lot

Price	$8,204,633 CAD	Lot Size	1.35 AC
Price Per AC	$6,081,109.80 CAD

Price	$8,204,633 CAD
Price Per AC	$6,081,109.80 CAD
Lot Size	1.35 AC

The subject property offers investors and developers the opportunity to enter a fast growing market with excellent high-quality and family-friendly development potential in one of Florida’s most sought after vacation spots.