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Self-Storage Portfolio with Expansion Land
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Frankford Avenue & 17th, Panama City, FL 32405

Two operating storage facilities and a separate commercial parcel create a multi-site offering with additional land for future improvements.

Property Size42,894 SF
Price / SF$81.01
Days on Market159

Property Features for Frankford Avenue & 17th

General Information

Standard status Active
Size 42,894 SF
Property subtype Land, Self Storage
Investment Type Value Add

Building Details

Year Built 1978
Units 335
Listing Agency: Ripco Real Estate
Listed By: Jack Kaiser · License #FL SL3519490
Source: Crexi
Added: Mar 26 Changed: Aug 29 Last Checked: Aug 30 at 7:36PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ripco Real Estate

Investment Insights

Based on property information with market context.

This self-storage portfolio includes two facilities and a separate commercial parcel across three sites in Panama City, Florida. The operating properties contain 335 traditional drive-up units totaling 42,894 gross square feet, while the combined land area is approximately 3.587 acres. The locations are positioned about 5 miles apart and are identified at 1717 Frankford Avenue, 2726 East 15th Street, and 2732 East 15th Street.

The East 15th Street parcel includes vacant land that is currently used as a used car lot with a small office building. The site may accommodate conventional storage construction or paved and covered parking, subject to applicable approvals. The properties are situated along Florida’s Emerald Coast, with Panama City access to U.S. Highway 98. Eleven housing developments are planned within approximately 5 miles of the properties.

Key Highlights

  • 335 traditional drive‑up self‑storage units
  • 42,894 gross square feet across two storage facilities
  • Approximately 3.587 combined acres across three separate parcels

Property Analytics

Current Use

Self storage facilities

Suggested Use

Top Pick Plumbing Service Accounting Firm Parking Lot & Garage Home Appliance Store (Bike/Boat/Book/etc) Store Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

326
Businesses Nearby

Demographics for 32405, FL

28,158
Population
13,585
Households
2.1
Avg Household Size
40
Median Age
29%
College-Educated
92%
High-School Grad
18.8 sq mi
ZIP Area
1,498
Density / Sq Mi
$71,002
Median Household Income
$41,867
Median Earnings
$1,418
Median Rent
$255,100
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Self storage facility - Two operating storage facilities and a separate commercial parcel create a multi-site offering with additional land for future improvements.
Where is this self storage facility located?
The property is located at Frankford Avenue & 17th Panama City, FL.
What is the asking price?
The asking price for this property is $3,475,000.
What are key features of this property?
This property features: 335 traditional drive‑up self‑storage units; 42,894 gross square feet across two storage facilities; Approximately 3.587 combined acres across three separate parcels
(407) 924-1408 Call to check price and availability
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