1717 Frankford Ave Panama City, FL 32405

This exceptional investment opportunity presents a recently renovated 223+ unit self-storage facility in Panama City, Florida. The property, located at 1717 Frankford Avenue, boasts a substantial 23,129 square feet of rentable space situated on a generous 83,199.6 square foot lot. Constructed in 1978 and recently enhanced with 50 new units, the facility offers significant upside potential. Key features include an on-site office, modern digital signage, and secure electric access control gates with SiteLink synchronization. Currently experiencing occupancy exceeding 72%, and trending upward following the recent expansion, this property offers a compelling investment prospect. The strategic location between 15th and 23rd Streets, major east/west commercial thoroughfares, places the facility within Panama City's thriving residential area. The property's strong performance and potential for cap rates exceeding 10% once market vacancy is reached make it an attractive option for both corporate investors and owner-operators. The asking price for this prime self-storage facility is $1,999,500. This is a rare opportunity to acquire a well-positioned, high-performing asset in a growing market. The property's size, amenities, and location combine to create a strong investment profile with significant potential for future growth and profitability. Detailed financial information is available upon request.