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Listed by Jessie W Gilton • NAI Norwood Group
$ 280,000
Est. payment | /mo
4,330 SqFt
$ 280,000
Est. payment | /mo
4,330 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,330 sqft
Price per Sqft $64
MLS Listing ID 5051809
Lot Size 1.540 Acres
Acres 1.54
Property Description
Self Storage investment opportunity in St Albans, ME. This property features 33 units, 4,330 SF in two buildings on 1.54 Acres. There is significant upside potential to increase NOI through rate increases which will improve both economic and physical occupancy. Indian River Self Storage boasts a reliable foundation for success with a 58% occupancy rate, there is ample room increase NOI as well as potential to increase revenue through tenant protection program, possible conversion of office space, adding boat/parking or possibly additional building.
Location
State ME
County Me-somerset
Area Me-Somerset
Zoning C
Interior
Inclusions Other
Exterior
Utilities Available Other
Building
Sewer Public
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Dave Hansen
REALTOR® | Lic# 069214