1920 SHERMAN AVE, Panama City, FL 32405

Building Details

Year Built

1987

Listing office Marcus & Millichap - Fort Lauderdale p***@marcusmillichap.com

Listing date Jun 19, 2026

Source Crexi

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 Marcus & Millichap - Fort Lauderdale

Report an issue

---

Overview

This fee simple self-storage property features 8,750 net rentable square feet across 63 non-climate-controlled, drive-up storage units. The site is gated and equipped with surveillance cameras. The configuration is purpose-built for easy vehicle access, supporting day-to-day customer move-in and move-out activity.

The property is located at 1920 Sherman Avenue in Panama City, Florida, on a 0.71-acre site. It provides strong visibility along Sherman Avenue with reported frontage exposure of approximately 5,293 VPD.

For buyers seeking a storage operator asset, the current operating profile shows physical occupancy at approximately 66.67%, indicating meaningful room to improve through lease-up and revenue management. The combination of drive-up unit access, on-site security features, and visibility along a heavily traveled corridor can support efforts to stabilize occupancy over time.

Suggested Use

Law Firm Real Estate Agency Spa & Massage Center Gym & Fitness Center Pharmacy Bar & Pub Grocery & Convenience Store Cosmetic Store Grocery & Convenience Store Tech Support Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Panama City

County

Walton

State

Florida

Longitude

-85.631744

Latitude

30.17973

Nearby Similar for Sale

• 

  $2,500,000

  11,171 SF

  Versatile Commercial Property in Panama City

  Showroom, warehouse, and office space in a strategic location.

  1331 Harrison Avenue, Panama City, FL 32401

  View Details
• 

  $1,500,000

  9,050 SF

  Three-Building Flex and Industrial Campus

  A 9,000+ SF heated, multi-office flex campus with gated storage, abundant parking, and room to scale for growing operations.

  2901 W 17th Street, Panama City, FL 32405

  View Details
• 

  $349,900

  2,768 SF

  Veterinary Clinic Facility

  Well-appointed veterinary clinic with multiple exam and support rooms, designed for animal care and professional office use.

  247 N Highway 22 A, Panama City, FL 32404

  View Details
• 

  $775,000

  1,708 SF

  Historic Panama City Mixed-Use Property

  Custom property on a large lot, suitable for multiple commercial uses.

  854 Magnolia Avenue, Panama City, FL 32401

  View Details
• 

  $724,000

  5,222 SF

  Six-Unit Income Producing Property

  Turnkey six-unit rental portfolio on a corner lot with recently remodeled interiors and newer roof improvements.

  119 College Avenue, Panama City, FL 32401

  View Details
• 

  $959,900

  5,026 SF

  Panama City Commercial Corner Parcel

  Large commercial parcel on a main corridor to the beaches.

  1040 W 15th Street, Panama City, FL 32401

  View Details
• 

  $724,000

  5,222 SF

  Income-Producing Multi-Family Panama City

  Six rental units generating over $82,000 in gross annual income.

  119 College Avenue, Panama City, FL 32401

  View Details
• 

  $595,000

  3,375 SF

  Auto Shop with Service Bays

  Move-in ready auto shop with service bays, office space, and substantial frontage for everyday commercial visibility.

  1900 N East Avenue, Panama City, FL 32405

  View Details
• 

  $1,175,000

  7,574 SF

  Remodeled Office Space with Land

  Centrally located office space with remodeled interiors and vacant land.

  1108 School Avenue, Panama City, FL 32401

  View Details
• 

  $385,000

  1,674 SF

  Updated Office Building with Privacy Fence

  Move-in-ready office building with a reception lobby, multiple private rooms, kitchenette, and fenced outdoor area.

  316 W 11th Street, Panama City, FL 32401

  View Details
• 

  $1,185,000

  2,720 SF

  Waterfront Multifamily Property with Boat Slips

  Updated waterfront multifamily property in Panama City with income potential.

  6722 S Lagoon Drive, Panama City, FL 32408

  View Details
• 

  $650,000

  3,100 SF

  Versatile Commercial Building Near Downtown

  Spacious commercial building near downtown with 10 bedrooms and 8 baths.

  722 N Martin Luther King Junior Boulevard, Panama City, FL 32401

  View Details

FAQs

What type of property is this?

Self storage facility - Fee simple self-storage asset with gated access, surveillance, and 63 non-climate-controlled drive-up units on 0.71 acres.

Where is this self storage facility located?

The property is located at 1920 SHERMAN AVE Panama City, FL.

What is the asking price?

The asking price for this property is $75,000.

What are key features of this property?

This property features: Fee simple self‑storage property built in 1987; 8,750 net rentable SF across 63 non‑climate‑controlled drive‑up units; Gated access with surveillance cameras for added on‑site security