Thomas Drive Development Site

8602 Thomas Dr, Panama City Beach, FL 32408

Property Information

  • For Sale $2,500,000
  • Property Type VacantLand
  • Property Size 7,357 SF
  • Units 4
  • Lot Size 2 Acre
  • Building Class C
  • Year Built 1987
  • Date Updated May 11, 2026

Description

This prime east-end Panama City Beach redevelopment site on Thomas Dr. is minutes from Shipwreck Island, Ripley's Believe It or Not, WonderWorks, and Pier Park. This property currently operates as Emerald Falls Family Recreation Center, and has go-karts, mini-golf, an arcade and outdoor attractions. Thomas Drive is part of Panama City Beach's entertainment/retail spine. This site is a rare infill redevelopment opportunity in a high visibility leisure/commercial corridor that serves local residents and tourists year round.2 acres with frontage on Thomas Drive; available acreage is possible

Highlights

  • 350' Frontage on Thomas Drive
  • 465' From public beach access #24
  • All utilities to site
  • Close proximity to marinas and St. Andrews State Park
  • Large improved parcel with existing parking and access: ideal for mixed use, restaurant, resort or high density
  • residential conversion

Contacts

Kevin Williams, CCIM

Graham & Company

Location

Located at 8602 Thomas Dr, Panama City Beach, FL 32408, this property is part of the Downtown Panama City Beach neighborhood and Pensacola market.

Contact Listing Broker
Kevin Williams, CCIM

Graham & Company

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