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1920 Sherman Ave
Panama City, FL 32405

$75,000 USD

Self Storage For Sale  •  9,600 SF

Property Details

  • Property Type Self Storage
  • Total Building Size 8,750 SF
  • Lot Size 0.71 AC
  • Building Class C
  • Year Built 1987
  • Zoning C-3A
10 Transit Score
30 Walk Score

Highlights

STARTING BID $75,000 | Gulf Coast Self Storage | Florida Panhandle Value-Add | 63 Drive-Up Units | AUCTION AUGUST 3-5
8,750 NRSF self-storage facility with 63 non-climate-controlled drive-up units in Panama City, Florida.
66.67% physical occupancy with value-add occupancy upside | In-place cash flow with demonstrated lease-up runway and traction
Convenient in-town location approximately 2.5 miles northeast of Downtown Panama City and minutes from Tyndall Air Force Base.
5,293 VPD Traffic Count visibility and easy drive-up unit access.
Secure storage infrastructure including gated/keypad entry, chain-link fencing with barbed wire, surveillance cameras, and metal-roof storage building

Property Flyers

Public Transportation

AirportDriveWalkDistance
Northwest Florida Beaches International 37 min - 22.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 3
Type: Surface
Included in Rent: Yes
Philip Kates 305-206-1286 Marcus & Millichap
Philip Kates 305-206-1286 Marcus & Millichap