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2419 E 85th St - Palmetto Storage - Passive Investment Only 45,000 SF Specialty Building Offered For Sale in Palmetto, FL 34221
Matterport 3D Tour
Investment Highlights
- Passive income investment opportunity: Palmetto Storage is a new 43,613-square-foot self-storage facility currently under construction.
- Security measures in place, including restricted floor access via a 24/7 tech-enabled portal and floor-to-ceiling LED lighting throughout.
- Between Tampa and Sarasota with direct visibility along US Highway 41 (19,800 VPD), with smooth connections to Interstate 75 and Interstate 275.
- Comprises a mix of climate-controlled and non-climate-controlled units constructed with spacious driveways and extra-wide hallways.
- Fund is currently receiving a 12% fixed annual dividend, providing income while participating in the development of a new self-storage facility.
Executive Summary
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.
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.
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Property Facts
| Sale Type | Investment | Lot Size | 5.40 AC |
| Property Type | Specialty | Building Size | 45,000 SF |
| Property Subtype | Self-Storage | No. Stories | 1 |
| Building Class | B | Year Built | 1940 |
| Zoning | MU - Mixed Use | ||
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 5.40 AC |
| Building Size | 45,000 SF |
| No. Stories | 1 |
| Year Built | 1940 |
| Zoning | MU - Mixed Use |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Amenities
Retail |
||
|---|---|---|
| U-Haul | Other Services | 10 min walk |
| Sun Key Village | Health Care | 12 min walk |
| Dollar General | Dollar/Variety/Thrift | 11 min walk |
| RaceTrac | Gasoline Station | 14 min walk |
| 7-Eleven | Convenience Market | 14 min walk |
Hotels |
|
|---|---|
| Marriott |
252 rooms
11 min drive
|
| Courtyard |
153 rooms
12 min drive
|
| Hampton by Hilton |
115 rooms
11 min drive
|
| SpringHill Suites |
131 rooms
14 min drive
|
| Best Western Plus |
60 rooms
15 min drive
|
Property Taxes
| Parcel Number | 6387-0050-9 | Improvements Assessment | $0 |
| Land Assessment | $557,175 | Total Assessment | $557,175 |
Property Taxes
Parcel Number
6387-0050-9
Land Assessment
$557,175
Improvements Assessment
$0
Total Assessment
$557,175
Sale Advisor
Sale Advisor
Garland Benton, Director of Business Development
Over 20 years offering direct investment opportunities for accredited investors. Primarily focused in Climate Controlled Storage & Industrial Flex Space Business Parks . Our goal is to create an asset based portfolio that focuses on cash flow generation while providing unique tax benefits to high net worth investors.
Our investment strategy revolves around capitalizing on emerging trends and untapped opportunities within the self-storage, and land development sectors. By partnering with established developers who share our vision for success, we ensure that every project we undertake is backed by a solid foundation of expertise and industry knowledge. This approach allows us to unlock value and generate impressive returns for our investors.
Our investment strategy revolves around capitalizing on emerging trends and untapped opportunities within the self-storage, and land development sectors. By partnering with established developers who share our vision for success, we ensure that every project we undertake is backed by a solid foundation of expertise and industry knowledge. This approach allows us to unlock value and generate impressive returns for our investors.
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2419 E 85th St - Palmetto Storage - Passive Investment Only