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1717 Frankford Avenue
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PRICED AT ONLY: $1,999,500

Address: 1717 Frankford Avenue, Panama City, FL 32405

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.

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  • MLS#: 758035 ( CommercialSale )
  • Street Address: 1717 Frankford Avenue
  • Viewed: 18
  • Price: $1,999,500
  • Price sqft: $86
  • Waterfront: No
  • Year Built: 1978
  • Bldg sqft: 23129
  • Days On Market: 221
  • Acreage: 1.91 acres

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.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Flooring: Concrete
  • Living Area: 0.00
  • Other Structures: Storage
School Information
  • High School: Bay
  • Middle School: Jinks
  • School Elementary: Lucille Moore
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Utilities
  • Carport Spaces: 0.00
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Trash Expense: 0.00
Other Features
  • Legal Description: 36 3S 15W SE1/4 91C2 LOTS 1, 2, 3, 4, 5, 6, 7, 8, 9 LESS R/W FKFD AVE ALSO E 5' LOTS 10, 11, 12, 13, 14, 15, 16, 17, 18 ORB 4061 P 637
  • Levels: One
  • Area Major: 02 - Bay County - Central
  • Occupant Type: Occupied
  • Parcel Number: 29385-000-000
  • Possible Use: Commercial
  • The Range: 0.00
  • Views: 18
Nearby Subdivisions
[no Recorded Subdiv]   Cedar Grove Commerce Park   Chandlee 3rd Add   Coastal Lands 1st Add   Forest Park 1st Add   Gulf Coast Medical Plaza   No Named Subdivision   St Andrews Bay Dev Cmp  
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