TBD Old Highway 54, New Bloomfield, MO 65063

Property Description

INVESTOR OPPORTUNITY - UNLOCK THE POTENTIAL! Here's your chance to own a 24-unit storage facility on approximately 1/2 acre with significant upside potential! The property consists of 3 storage buildings with a variety of unit sizes and is currently operating at only approximately 25% occupancy, giving a new owner the opportunity to increase occupancy and rents while building immediate value. The current owner simply doesn't have the passion to actively market and manage the storage units, creating an excellent opportunity for an investor or owner-operator ready to take advantage of the untapped potential. The facility includes: 2 - 26' x 30' units 10 - 10' x 30' units 12 - 10' x 10' units At the proposed market rents, the property has the potential to generate approximately $2,760 per month, or $33,120 annually, when fully rented. Potential rents include approximately $300/month for the 26' x 30' units, $150/month for the 10' x 30' units, and $55/month for the 10' x 10' units. Operating expenses are minimal, with the owner currently paying approximately $40 per month for electricity for the light pole. Another valuable feature is the easement providing road frontage signage, offering an excellent opportunity for visibility and marketing to potential tenants. The property also offers convenient access just off Highway 54 in New Bloomfield, Missouri. The storage facility is currently part of a larger tract of land and will be surveyed and divided from the larger parcel prior to closing, creating a dedicated parcel for the storage operation with access via an easement. The opportunity here is simple: increase occupancy, bring rents to market, and unlock the property's income-producing potential. Whether you're an experienced storage investor or looking for an affordable income-producing property to add to your portfolio, this property deserves a look.