1950 W Highway 98 - Self-Storage Facilities FOR SALE


Mary Esther, FL 32569
$845,000 USD
850-660-7415
1950 W Highway 98, Mary Esther, FL for Sale
$845,000 USD
Self-Storage Facilities - FOR SALE
1/33
null | Request Cap Rate

1950 W Highway 98
Mary Esther, FL 32569


HIGHLIGHTS

  • 8,585 SF Self-Storage + RV Park - 62 self-storage units plus 13 RV gravel spaces on a 1.04-acre C-3 zoned parcel, delivering diversified income stream
  • Prime Highway 98 Frontage - Direct exposure along Hwy 98 with ±46,000 vehicles/day, surrounded by dense residential neighborhoods in Okaloosa County.
  • Built-In Value-Add Upside - 11 vacant units provide immediate lease-up opportunity with rents already at or near market
  • Storage + RV Demand Driver - Self-storage combined with RV parking captures strong coastal and military-adjacent demand in the Mary Esther market.
  • Lean, Efficient Operations - Owner-operated with no staff, low operating expenses, and flexible month-to-month tenants.
  • Simple & Durable Construction - Three metal buildings (built 1997) totaling approx. 8,585 SF, historically low maintenance and easy to manage.

OVERVIEW

Address: 1950 W Hwy 98 Mary Esther, FL 32569 County: Okaloosa County Zoning: C-3 Parcel ID: 15-2S-25-0000-0011-0340 Building size: 8,.585 sqft Land size (sqft): 45,172 Land size (acre): 1.04 Layout: 62 storage units | 13 RV gravel spaces Sewer: Connected Water: Connected Electric: Connected Flood Zone: No Road Access: Yes Opportunity zone: False Investment Highlights Potential Gross Rent: $6,120.88/month Potential NOI: $73,450.55 Showing property visits by appointment only. Call\ Text to schedule Disclaimer: Acre Expert LLC is a team of real estate developers and investors. We buy, sell, and hold properties for investment purposes. We are not licensed real estate brokers. This property is being marketed based on our equitable interest via an assignable contract or as the property owner. All Information provided is preliminary and subject to change. Acre Expert LLC makes no guarantees regarding accuracy, lease terms, or financials. The buyer must conduct independent due diligence and verify all details.

FOR SALE DETAILS

PRICE

$845,000 USD

PRICE/SF

$98 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunset Mini Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,654 SF

ZONING

HDMU

APN/PARCEL ID

15-2S-25-0000-0011-0340

ASK ABOUT THIS PROPERTY

Dror AttiasAcre ExpertMore Info
850-660-7415

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Dror AttiasAcre ExpertMore Info
850-660-7415

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.