298 Thomas Dr Panama City Beach, FL 32408

This exceptional 2.37-acre commercial land parcel presents a unique investment opportunity in Panama City Beach, Florida. Located at 298 Thomas Drive, this fully entitled site boasts 380 feet of frontage along the major thoroughfare, offering unparalleled visibility and accessibility. The property is zoned General Commercial (C3) and comes with approved development orders, significantly streamlining the development process. Complete due diligence materials are available for review. Detailed plans for a 124-unit extended-stay hotel are already in place, providing a clear path to immediate development. The strategic location offers proximity to numerous amenities, including nearby schools, marinas, and the renowned Emerald Coast beaches. Its advantageous position across from the NSA Panama City/Naval Service Warfare Center and less than three miles from Publix Sports Park, Florida State University-Panama City, and Gulf Coast State College ensures high visibility and strong potential for future growth. This is a rare chance to acquire a fully permitted and planned development site in a prime location, ready for immediate construction. The asking price for this exceptional property is $2,232,000. Don't miss this opportunity to capitalize on the thriving Panama City Beach market.