Development opportunity! Zoned SR-2, Seasonal Resort Commercial this lot has 150 Road Frontage Feet on the SOUTH side of Thomas Dr - this can be a great opportunity to build vacation rentals or other mixed use concept. Just 1 block from the Gulf of Mexico. The current building was at one time a take out sandwich shoppe and family residence - but highest and best use could be to build typical 3-story FL Cottage homes with potential views to the Gulf. Value is in the land and its potential use for development in an area with a steady traffic corridor. SR-2 allows for mixed residential and commercial use. Ideal highest and best use is multi-unit mixed-use complex.
† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
located at 6717 Thomas, Panama City Beach, FL
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