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$1,999,500

Est. payment - /mo

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1.91 Acres Lot

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1717 Frankford AVE Panama City, FL 32405

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Randall Fisher

realtor@coastalsunrealty.com +1(850) 249-2050

UPDATED:

10/04/2024 02:51 AM

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Subdivision [No Recorded Subdiv]

MLS Listing ID 758035

HOA Y/N No

Year Built 1978

Lot Size 1.910 Acres

Acres 1.91

Property Description

Presenting a freshly renovated 223+/- unit self-storage complex, enhanced with 50 new units. Boasting an on-site office, digital signage, and electric access control gates with SiteLink synchronization available, this investment appeals to both corporate investors and owner-operators. While occupancy is currently north of 72% and trending upwards post-expansion it has yet to stabilize, providing potential for cap rates north of 10.0% once reaching market vacancies. Ideally situated between the area's major east/west commercial arteries, 15th Street and 23rd Street, this facility is nestled in the heart of Panama City's housing landscape. Reach out today for additional information.

Location

State FL

County Bay

Area 02 - Bay County - Central

Interior

Flooring Concrete

Fireplace No

Exterior

Waterfront No

Building

Entry Level One

Level or Stories One

Additional Building Storage

Schools

Elementary Schools Lucille Moore

Middle Schools Jinks

High Schools Bay

Others

Tax ID 29385-000-000

Acceptable Financing Cash, Owner May Carry

Listing Terms Cash, Owner May Carry

Listed by Clubbs Real Estate Group LLC

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Randall Fisher

Broker | BDBK644509

+1(850) 249-2050

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Randall Fisher

1717 Frankford AVE Panama City, FL 32405

Randall Fisher

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1717 Frankford AVE

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