Property Description: Income/Investment on 5701 BOAT RACE RD, Panama City, FL state. There is a 2.0 bathroom in the house. This listing was added to our database on Jul 23, 2014. Listing was updated in 07/23/14. 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 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.
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