$ 1,999,500
1717 Frankford AVE Panama City, FL 32405
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,999,500
Est. payment /mo
Active
1717 Frankford AVE Panama City, FL 32405
1.91 Acres Lot
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