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:
$1,195,000
List Date:
9/11/2023
Last Modified:
10/04/2024
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, 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!
More Information MLS# 744167
Contract Info
List Price/SqFt: 71.13
List Date: 2023-07-20
List Price: $1,195,000
Current Price: $950,000
Sub-Type: Income Producing
Location
Sub Area: 0202 – Bay – Central SE
Community/Resort: None
Waterfront: No
Elementary School: Cedar Grove
Middle School: Everitt
High School: Rutherford
Section: 2
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
Township: 4s
Range: 14w
Area: 02 – Bay County – Central
Street #: 2726
Street Direction: E
Street Name: 15th
Street Suffix: Street
State: FL
Zip Code: 32401
County: Bay
Subdivision: [No Recorded Subdiv]
Parcel ID: 15321-000-000
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
Site Dimensions: 157 x 350
Acreage: 1.26
Construction Status: Construction Complete
SqFt Unit: 16800
# of Stories in Building: 1
SqFt – Warehouse: 16800
SqFt Tot Bldg: 16800
Year Built: 2002
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!
Status Change Info
Sold Price/SqFt: 56.55
Sold Price/Acre: 753968.25
Status: Sold
Under Contract Date: 2023-12-02
Sold Date: 2023-12-20
Sold Price: $950,000
Construction/Siding
Floor – Concrete: 1
Roof – Metal: 1
Siding – Metal: 1
Other Structures
Storage: 1
Financing
Cash: 1
Conventional: 1
Present Zoning
Industrial Light: 1
Utilities
Electricity – Connected: 1
Internet – Broadband Available: 1
Public Sewer – Connected: 1
Water Connected: 1
Business Only
Year Built: 2002
Building SqFt: 16800
Cap Rate: 6
Business/Property
Bus Est Five or More Yrs: 1
Sign: 1
Floors in Unit/Home
One: 1
Income Producing
Year Built: 2002
Cap Rate: 6
Property Type: Other (See Remarks)
Offering Type
Business Name: 1
Real Estate: 1
Pricing Type
Sale Price: 1
Transport. Access
4-Lane: 1
Divided Highway: 1
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.