$1,220,000
$1,499,000
18.6%For more information regarding the value of a property, please contact us for a free consultation.
10,612 SqFt
SOLD DATE : 03/31/2025
Key Details
Sold Price $1,220,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 10,612 sqft
Price per Sqft $114
Subdivision Crescent Beach Unit 1
MLS Listing ID 754973
Sold Date 03/31/25
HOA Y/N No
Year Built 1997
Lot Size 0.760 Acres
Acres 0.76
Property Sub-Type Other
Property Description
Zoned C1 Bay County. Practically Brand New Commercial Investment situated in the bustling heart of Panama City Beach right across from the worlds most beautiful beaches now boasts 111 BRAND NEW Storage Units meticulously constructed with Spray Foam insulation. Commercial Space 100% Occupied at 54k in Gross Income, and Storage Units 100% Vacant awaiting a New Owner to fill them up. Expected Income on Storage Units at 100% Occupancy 90k a Year. Offering a blend of Indoor Climate Controlled Units, alongside Outdoor units, these spaces are primed for immediate rental, enabling you to tap into a lucrative stream of passive income. Nestled on Thomas Drive, a central location in Panama City Beach, this property includes two recently renovated Offices, ideal for accommodating your next tenant or for owner occupancy. With a suite of upgrades including a New Roof, Fresh Siding, Vibrant Paint, Secure Gates, state-of-the-art Storage Units featuring Spray Foam insulation, and a revitalized Landscape complete with a sprinkler system, this property stands as a Turn Key investment opportunity.
This exceptional property seamlessly integrates practical design with operational efficiency. With ample parking space for 11 vehicles and a flexible layout housing 111 storage units alongside two fully functional commercial offices, this property caters to individuals with a discerning business acumen.
Moreover, the potential of this commercial complex extends beyond its current offerings. Envision tailoring the property's features to suit your specific needs, whether it entails reconfiguring office spaces to align with your business model or capitalizing on the rental potential of the available storage units.
Location
State FL
County Bay
Area 03 - Bay County - Beach
Interior
Fireplace No
Exterior
Parking Features Paved
Utilities Available Sewer Available
Building
Sewer Public Sewer
Additional Building Storage
Schools
Elementary Schools Patronis
Middle Schools Surfside
High Schools Arnold
Others
Tax ID 30875-000-000
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