Commercial for Sale: 1717 Frankford, Panama City, FL 32405
$1,999,500
$1,999,500
1717 Frankford,
Panama City, FL 32405
$1,999,500
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Price:
$1,999,500
Est. payment: Skip to Mortgage Calculator
Type Commercial
Year Built 1978
City Panama City
County Bay
Subdivision [No Recorded Subdiv]
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.
Community and Schools
Elementary School Lucille Moore
Junior High School Jinks
Senior High School Bay
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1717 Frankford (MLS #758035) is a commercial listing located in Panama City, FL. This property was listed on 06/03/2024 and has been priced for sale at $1,999,500.
Nearby zip codes are 32401, 32408, 32444 and 32456. This property neighbors other cities such as Lynn Haven, Mexico Beach and Panama City Beach.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information courtesy of: |