941-337-5301
2419 E 85th St, Palmetto, FL for Sale
Self-Storage Facilities - FOR SALE
1/13
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2419 E 85th St
Palmetto, FL 34221
Palmetto/Ellenton


HIGHLIGHTS

  • Passive income investment opportunity: Palmetto Storage is a new 43,613-square-foot self-storage facility currently under construction.
  • Comprises a mix of climate-controlled and non-climate-controlled units constructed with spacious driveways and extra-wide hallways.
  • Security measures in place, including restricted floor access via a 24/7 tech-enabled portal and floor-to-ceiling LED lighting throughout.
  • Fund is currently receiving a 12% fixed annual dividend, providing income while participating in the development of a new self-storage facility.
  • Between Tampa and Sarasota with direct visibility along US Highway 41 (19,800 VPD), with smooth connections to Interstate 75 and Interstate 275.

OVERVIEW

Palmetto Storage is available as a passive investment opportunity at 2419 E 85th Street in Palmetto, Florida. Developed on 5.589 acres, the project is planned exclusively for self-storage. Upon full build-out, the property will comprise two buildings totaling approximately 84,000 square feet, with Phase I delivering approximately 45,000 net rentable square feet. Offering a mix of climate-controlled and non-climate-controlled storage units, the property is designed to serve a broad customer base. Planned features include restricted floor access through a 24/7 technology-enabled entry system, floor-to-ceiling LED lighting throughout the facility, spacious drive aisles, and extra-wide interior hallways, supporting security and ease of access for tenants. Construction of the Phase I facility began in August 2025 and continues to progress. One of the two planned buildings has been dried in and is nearing completion of vertical construction, while the second building is currently being framed. After the second building is dried in, work will shift to the concrete drive aisles. Construction is expected to be completed in the fourth quarter of 2026, with the facility anticipated to be operational before year-end. The site is located approximately 40 miles southeast of Tampa and 14 miles north of Sarasota, with frontage adjacent to US Highway 41. According to FDOT traffic data, the US Highway 41 and 85th Street interchange sees approximately 19,800 vehicles per day (VPD), providing strong visibility for the property. The location also benefits from convenient access to Interstate 75 and Interstate 275, offering connectivity throughout the Greater Tampa Bay region and to Southwest Florida markets, including Port Charlotte, Punta Gorda, Fort Myers, and Naples. Sarasota-Bradenton International Airport is located approximately 25 minutes from the site. In addition to the property's location and development progress, the sponsoring fund is currently providing a 12% fixed annual dividend to existing investors, presenting an opportunity for investors seeking passive exposure to the self-storage sector.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palmetto Storage - Passive Investment Only

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.4 AC

LAND SF

235,224 SF

ZONING

MU

APN/PARCEL ID

6387-0025-9,6387-0050-9

ASK ABOUT THIS PROPERTY

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941-337-5301

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Garland BentonDirect Equity SourceMore Info
941-337-5301

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