Unless you get your Thai citizenship, you will be treated as a foreigner with all the rules, regulations and restrictions applied.
You are however, able to own the condo but not the land it sits on. You should be able to sell it and thats what my advice would be. Get a Thai lawyer to convey. A good honest one if there is such a thing.
So to answer your question, yes you can inherit the property. Is it any good to you is another matter.