2726 E 15th Street, Panama City, FL 32401 (MLS# 744167)

2726 E 15th Street, Panama City, FL 32401

$950,000

Property Type: Commercial for Sale Square Footage: 16,800 Lot Size (sq. ft.): 54,886 Status: Sold

Current Price: $950,000 List Date: 9/11/2023 Last Modified: 10/04/2024

Overview

Description

Welcome to Stow Pros Self Storage, a lucrative investment opportunity nestled in the heart of Panama City, Florida! This premier real estate listing showcases a well-established facility at 2726 E 15th St, boasting an impressive 16,800 sqft of space, housing 114 units, 128 doors with flexibility to divide or combine based on demand. Currently boasting an impressive 91% occupancy rate. Prospective buyers will be pleased to find a diverse selection of unit sizes, ranging from 5'x10' to 10'x30', catering to a broad customer base, from individuals to businesses seeking storage solutions. The non-climate-controlled units offer a practical and cost-effective storage solution for various items. Property is designed for customers to drive up to their individual unit. With a new roof installed in 2020, the facility's structural integrity is reinforced, ensuring minimal maintenance costs for the new owner. Security is a top priority, with gated access and an advanced security camera system, p … (Read more) Welcome to Stow Pros Self Storage, a lucrative investment opportunity nestled in the heart of Panama City, Florida! This premier real estate listing showcases a well-established facility at 2726 E 15th St, boasting an impressive 16,800 sqft of space, housing 114 units, 128 doors with flexibility to divide or combine based on demand. Currently boasting an impressive 91% occupancy rate. Prospective buyers will be pleased to find a diverse selection of unit sizes, ranging from 5’x10′ to 10’x30′, catering to a broad customer base, from individuals to businesses seeking storage solutions. The non-climate-controlled units offer a practical and cost-effective storage solution for various items. Property is designed for customers to drive up to their individual unit. With a new roof installed in 2020, the facility’s structural integrity is reinforced, ensuring minimal maintenance costs for the new owner. Security is a top priority, with gated access and an advanced security camera system, providing safety and peace of mind for tenants and their belongings. As a bonus, the sale includes the adjacent corner lot at 2732 E 15th St. Currently leased to a used car business, this additional parcel presents an array of opportunities for savvy investors. Extend the self-storage facility, collaborate with the existing tenant, or explore other commercial endeavors – the possibilities are vast. The corner lot also has 2 new office buildings with AC and restroom. One office is for car dealer business use and the other is for Stow Pros Self-Storage business, adding a touch of professionalism and enhancing the customer experience. This modern office space provides an excellent opportunity for on-site management or rental office services. The location itself is a significant selling point with strong community ties and continuous development, situated in a bustling area on the primary east/west thoroughfare through Panama City with traffic of 30k cars pass by every day. Panama City, Florida, is renowned for its thriving economy, vibrant lifestyle, and a continuous influx of tourists, promising a steady flow of potential clients for your storage business. Whether you are an experienced investor in the real estate industry or a budding entrepreneur seeking a sound investment, Stow Pros Self Storage offers the ideal package. Don’t miss this chance to capitalize on an already successful storage facility and leverage the potential of the adjacent corner lot. Reach out now to secure your future in this flourishing market!

Listing Details MLS# 744167

Contract Info

List Price/SqFt: 71.13
Sub-Type: Income Producing

Location

Area: 02 – Bay County – Central
Street #: 2726
Street Direction: E
Street Name: 15th
Street Suffix: Street
State: FL
Zip Code: 32401
County: Bay
Sub Area: 0202 – Bay – Central SE
Subdivision: [No Recorded Subdiv]
Community/Resort: None
Waterfront: No
Parcel ID: 15321-000-000
Section: 2
Township: 4s
Range: 14w
Elementary School: Cedar Grove
Middle School: Everitt
High School: Rutherford
Directions: East on 15th street, property on right after East Ave. Property is located just east of the intersection of 15th street & east avenue on south side of road
Legal Description: 2 4S 14W -130- 118B2 BEG 262.02' N OF SW COR OF E1/2 OF NW1/4 OF NW1/4 OF NW1/4 TH E 157.25' N 350' TO S R/W 15TH ST W 157.31' S 350' TO POB ORB 4012 P 1505

General Property Info

List Class: Other
Construction Status: Construction Complete
SqFt Unit: 16800
# of Stories in Building: Yes
Site Dimensions: 157 x 350
Acreage: 1.26
SqFt – Warehouse: 16800
SqFt Tot Bldg: 16800
Year Built: 2002

Status Change Info

Under Contract Date: 2023-12-02
Sold Date: 2023-12-20
Sold Price/SqFt: 56.55
Sold Price/Acre: 753968.25

Business Only

Year Built: 2002
Building SqFt: 16800
Cap Rate: 6

Income Producing

Year Built: 2002
Cap Rate: 6

More Information

Listing Info, Tax and Legal

HOA Fee: No

Remarks & Misc

Remarks: Welcome to Stow Pros Self Storage, a lucrative investment opportunity nestled in the heart of Panama City, Florida! This premier real estate listing showcases a well-established facility at 2726 E 15th St, boasting an impressive 16,800 sqft of space, housing 114 units, 128 doors with flexibility to divide or combine based on demand. Currently boasting an impressive 91% occupancy rate. Prospective buyers will be pleased to find a diverse selection of unit sizes, ranging from 5'x10' to 10'x30', catering to a broad customer base, from individuals to businesses seeking storage solutions. The non-climate-controlled units offer a practical and cost-effective storage solution for various items. Property is designed for customers to drive up to their individual unit. With a new roof installed in 2020, the facility's structural integrity is reinforced, ensuring minimal maintenance costs for the new owner. Security is a top priority, with gated access and an advanced security camera system, providing safety and peace of mind for tenants and their belongings. As a bonus, the sale includes the adjacent corner lot at 2732 E 15th St. Currently leased to a used car business, this additional parcel presents an array of opportunities for savvy investors. Extend the self-storage facility, collaborate with the existing tenant, or explore other commercial endeavors – the possibilities are vast. The corner lot also has 2 new office buildings with AC and restroom. One office is for car dealer business use and the other is for Stow Pros Self-Storage business, adding a touch of professionalism and enhancing the customer experience. This modern office space provides an excellent opportunity for on-site management or rental office services. The location itself is a significant selling point with strong community ties and continuous development, situated in a bustling area on the primary east/west thoroughfare through Panama City with traffic of 30k cars pass by every day. Panama City, Florida, is renowned for its thriving economy, vibrant lifestyle, and a continuous influx of tourists, promising a steady flow of potential clients for your storage business. Whether you are an experienced investor in the real estate industry or a budding entrepreneur seeking a sound investment, Stow Pros Self Storage offers the ideal package. Don't miss this chance to capitalize on an already successful storage facility and leverage the potential of the adjacent corner lot. Reach out now to secure your future in this flourishing market!

Construction/Siding

Floor – Concrete: Yes
Roof – Metal: Yes
Siding – Metal: Yes

Other Structures

Storage: Yes

Financing

Cash: Yes
Conventional: Yes

Present Zoning

Industrial Light: Yes

Utilities

Electricity – Connected: Yes
Internet – Broadband Available: Yes
Public Sewer – Connected: Yes
Water Connected: Yes

Business/Property

Bus Est Five or More Yrs: Yes
Sign: Yes

Floors in Unit/Home

One: Yes

Offering Type

Business Name: Yes
Real Estate: Yes

Pricing Type

Sale Price: Yes

Transport. Access

4-Lane: Yes
Divided Highway: Yes

Property Features

Financing: Cash; Conventional Offering Type: Business Name; Real Estate Other Structures: Storage Pricing Type: Sale Price Present Zoning: Industrial Light Utilities: Electricity – Connected; Internet – Broadband Available; Public Sewer – Connected; Water Connected

Listing Office: Counts Real Estate Group Inc

Last Updated: October – 04 – 2024

Information deemed reliable but not guaranteed.