5701 Boat Race Road, Panama City, FL 32404 (MLS# 606835)

5701 Boat Race Road, Panama City, FL 32404

$700,000

Property Type: Commercial for Sale Square Footage: 27,280 Lot Size (sq. ft.): 87,120 Status: Sold

Current Price: $700,000 List Date: 3/02/2013 Last Modified: 10/03/2024

Overview

Description

This 278 unit mini-storage facility encompasses approximately 27,280 square feet of structure, is situated on approximately 2 acres and is located 2.7 miles west of Tyndall AFB, Florida. The location is near the NE corner of S. Tyndall Parkway and Boat Race and offers a traffic count of 19,300 cars per day on the parkway and 5,700 cars per day on Boat Race Road. The facility includes a rental office and security is designed for 24 hour access with proper lighting and fencing. Occupancy rates for all storage facilities in the area indicate outstanding potential for this project to achieve necessary revenues and realize appropriate returns with attentive management. Market demand is highly influenced by the economic impact of Tyndall Air Force Base which provides more than $1 Billion

Supplements: in economic impact to the County. The base is scheduled to receive an F-22 combat squadron in early 2014 which will yield an influx of approximately 900 additional personnel to the area. Timing for this acquisition could not be better. Call today to schedule a site inspection.

Listing Details MLS# 606835

Contract Info

List Price/SqFt: 32.81
Sub-Type: Other

Location

Area: 02 – Bay County – Central
Street #: 5701
Street Name: Boat Race
Street Suffix: Road
State: FL
Zip Code: 32404
County: Bay
Sub Area: 0202 – Bay – Central SE
Lot: L6,7,8
Block: BLK 4
Business Name: CREWS STORAGE AND MO
Subdivision: Mashburns 1 Add To Parker
Community/Resort: None
Parcel ID: 07169-000-000
Section: 18
Township: 4S
Range: 13W
Directions: From Tyndall Parkway, turn east onto Boat Race Rd. The subject property is on the North side of Boat race road near the NE corner of the intersection near Express Lane service station.
Legal Description: MASHBURNS 1ST ADD TO PARKER LOTS 6,7,8 LESS RD R/W BLK 4 ORB 1477 P 66 ORB 2502 P 1247 (132B3) ORB 2928 P 1005

General Property Info

List Class: Other
Immediate Occupancy: No
Construction Status: Construction Complete
Acreage: 2
Frontage Ft: 300
SqFt Tot Bldg: 27280
Year Built: 1988

Status Change Info

Under Contract Date: 2014-07-12
Sold Date: 2014-08-22
Sold Price/SqFt: 25.66
Sold Price/Acre: 350000

Waterfront Feature

Waterfront Feet: 290

Listing Info, Tax and Legal

HOA Fee: No

More Information

Remarks & Misc

Remarks: This 278 unit mini-storage facility encompasses approximately 27,280 square feet of structure, is situated on approximately 2 acres and is located 2.7 miles west of Tyndall AFB, Florida. The location is near the NE corner of S. Tyndall Parkway and Boat Race and offers a traffic count of 19,300 cars per day on the parkway and 5,700 cars per day on Boat Race Road. The facility includes a rental office and security is designed for 24 hour access with proper lighting and fencing. Occupancy rates for all storage facilities in the area indicate outstanding potential for this project to achieve necessary revenues and realize appropriate returns with attentive management. Market demand is highly influenced by the economic impact of Tyndall Air Force Base which provides more than $1 Billion

Construction/Siding

Floor – Concrete: Yes
Siding – Metal: Yes

Financing

Cash: Yes
Conventional: Yes

Present Zoning

Commercial: Yes

Utilities

Electricity – Availabile: Yes
Phone – Connected: Yes
Water Connected: Yes

Sale Type

As Is: Yes

Business/Property

Bus Est Five or More Yrs: Yes
Office Area: Yes
Restrooms – Private: Yes
Sign: Yes

Heating/Cooling

AC – Office: Yes
Heat – Office: Yes

Offering Type

Business Name: Yes
Real Estate: Yes
Sale Only: Yes

Pricing Type

Sale Price: Yes

Transport. Access

2-Lane: Yes
City Road: Yes

Property Features

Financing: Cash; Conventional Offering Type: Business Name; Real Estate; Sale Only Pricing Type: Sale Price Present Zoning: Commercial Sale Type: As Is Utilities: Electricity – Availabile; Phone – Connected; Water Connected

Listing Office: ERA Neubauer Real Estate Inc

Last Updated: October – 03 – 2024

Information deemed reliable but not guaranteed.