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Property 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 acre "¢ 100 feet of frontage on Thomas Drive, extending 235 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.
Full Property Details
Full Property Details for 6908 Thomas Dr
General
- Price: $1,900,000
- Status: Active
- Type: Retail
- Source: Bay_County
- MLS ID: 795258
- Updated: 9/10/2026
- Added to Site: 1 day(s) ago
Interior
- Flooring: Concrete
Location
- County: Bay
- Township: 4s
- Subdivision: Holiday Beach Unit 10
- Driving Directions: Head east on Thomas Drive. When you get to Upas St. on the left, turn left and you can access the property shortly after on the right. If coming West on Thomas, you can turn right into the parking lot, right before Upas St.
School Information
- Elementary School: Patronis
- Middle School: Surfside
- High School: Arnold
Community
- Community Name: 03 - Bay County - Beach
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Utility Description: Sewer Available
Structural Information
- Year Built: 1979
Lot Features
- Property View: Gulf
- Lot Size (Acres): 0.54
- Lot Size (Sq. Ft.): 23,522.4
- Lot Size: .54
- Lot Features: Cleared, Level
Water Features
- Water View: Yes
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: Lot 4, 5, 20, 21, Block R, Holiday Beach Unit No. 10, according to the Plat thereof, recorded in Plat Book 10, Page(s) 90, of the Public Records of Bay County, Florida.
- Property ID: 30766-010-000
Listed by Own It Real Estate LLC
Get Pre-Approved Today
Schools
Schools serving 6908 Thomas Dr
School District:Bay County School District
| Name | Grades | Distance |
|---|---|---|
Patronis Elementary School 7400 Patronis Dr, Panama City Beach, FL 32408 | K-5 | 1.1 mi |
Surfside Middle School 300 Nautilus Street, Panama City Beach, FL 32413 | 6-8 | 6 mi |
J.R. Arnold High School 550 North Alf Coleman Road, Panama City Beach, FL 32407 | 9-12 | 4.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 6908 Thomas Dr
Date
Details
Price
Change
Source
9/10/2026
Listed
$1,900,000
90%
MLS
11/09/2021
Sold
$1,000,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 6908 Thomas Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$11,920
—
$599,640
-37%
2024
$11,920
-2%
$953,702
-1%
2023
$12,184
92%
$958,523
60%
2021
$6,355
-44%
$597,578
-38%
2022
$11,287
78%
$958,523
98%
2021
$6,355
13%
$482,903
11%
2019
$5,604
8%
$436,574
10%
2018
$5,168
-4%
$396,885
-3%
2017
$5,367
1%
$410,036
3%
2016
$5,314
-5%
$398,399
-3%
2015
$5,607
—
$409,726
—
2014
$5,601
-6%
$409,726
-17%
2013
$5,946
—
$492,022
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 6908 Thomas Dr
6908 Thomas Drive, Panama City, FL 32408 (MLS# 795258) is a Retail property. 6908 Thomas Drive is currently listed for $1,900,000 and was received on September 10, 2026. Want to learn more about 6908 Thomas Drive? Do you have questions about finding other Retail real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.

