2419 85Th St, Palmetto, FL 34221

84,000 SF Specialty Building Offered at $200,000 in Palmetto, FL 34221

Asking Price $200,000

Property Type
Specialty
Square Feet
84,000 SF
Price / Square Foot
$2

Listing Contacts

Stephen Lawrence
J. Duncan

Property Overview

Palmetto Storage at 2419 E 85th Street is the newest addition to Palmetto's lineup of self-storage facilities, where construction is anticipated to begin 4th quarter 2024. On a sprawling 5.4 acres, this cutting-edge establishment boasts 626 meticulously designed rentable units poised to cater to the expanding needs of one of the nation's fastest-growing markets.

Constructed to exceed industry standards, Palmetto Storage prioritizes convenience and security, featuring spacious driveways tailored for tandem-axle moving trucks, extra-wide hallways for seamless maneuverability, and floor-to-ceiling LED lighting for optimal visibility. Advanced security protocols, including restricted floor access via a 24/7 tech-enabled portal, ensure peace of mind. With positions starting at $200,000, Palmetto Storage presents a lucrative passive investment avenue compatible with a 1031 Exchange program.

Strategically situated along the bustling US Highway 41 near the Interstate 275 junction, this prime location offers unmatched connectivity to significant metro areas, including Tampa, St. Petersburg, and Bradenton/Sarasota. Moreover, its proximity to Interstate 75, less than 5 minutes away, further solidifies Palmetto Storage's accessibility, seamlessly linking to Interstate 4 and the monumental city of Orlando. Palmetto Storage is a testament to innovation and investment potential in the heart of Florida's Gulf Coast landscape.

Property Details

Class
B
Stories
1
Property Subtype
Self-Storage
Lot Size (sq. ft)
235,224 SF

Highlights

  • Palmetto Storage is the area's newest self-storage facility on Florida's Gulf Coast, expecting construction to start in 4th quarter 2024.
  • Positioned on 5.4 acres, 2419 E 85th Street boasts 626 rentable units with spacious driveways for tandem-axle trucks, wide hallways, and LED lighting.
  • Accommodating a 1031 Exchange, Palmetto Storage is an alluring passive investment opportunity with positions starting at $200,000.
  • This dynamic property, situated along US Highway 41, enjoys swift connectivity to Interstates 275 and 75, providing optimal travel time.
  • Strategically located, Palmetto Storage is near significant neighboring markets, including Tampa, St. Petersburg, and Bradenton/Sarasota.
  • Manatee County's population grew by 33% from 2010 to 2022, creating a demand for new development and services to cater to its growing communities.

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