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Listed by Amber Stormberg • Stormberg Group at Compass
$ 139,900
Est. payment | /mo
0.9 Acres Lot
$ 139,900
Est. payment | /mo
0.9 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3264096
Lot Size 0.900 Acres
Acres 0.9
Property Sub-Type Unimproved Land
Property Description
82-UNIT STORAGE FACILITY | FULLY APPROVED. Exceptional investment opportunity with development approvals already in place! This property has been approved for an 82-unit self-storage facility, providing a rare chance to fast-track your next commercial project. The current approved layout includes 20 (5'x10') units, 46 (10'x10') units, and 16 (10'x20') units, while allowing flexibility for a future owner to modify the unit mix to better meet market demand, subject to applicable approvals.
Based on current comparable rental rates in the regional market, the facility has the potential to generate over $70,000 in annual gross rental income, before considering additional revenue opportunities. Optional tenant protection/renters insurance—commonly selected by many self-storage customers—could provide an additional income stream.
With self-storage continuing to be one of the most resilient commercial asset classes, this property offers investors and developers the opportunity to capitalize on a project that is already well-positioned for development. Whether you're expanding an existing portfolio or entering the self-storage market, this approved site offers an attractive combination of reduced entitlement risk, flexibility, and long-term investment potential.
All income figures are estimates based on comparable market rental rates and occupancy assumptions. Buyers should independently verify all approvals, development requirements, projected income, operating expenses, and financial assumptions.
Based on current comparable rental rates in the regional market, the facility has the potential to generate over $70,000 in annual gross rental income, before considering additional revenue opportunities. Optional tenant protection/renters insurance—commonly selected by many self-storage customers—could provide an additional income stream.
With self-storage continuing to be one of the most resilient commercial asset classes, this property offers investors and developers the opportunity to capitalize on a project that is already well-positioned for development. Whether you're expanding an existing portfolio or entering the self-storage market, this approved site offers an attractive combination of reduced entitlement risk, flexibility, and long-term investment potential.
All income figures are estimates based on comparable market rental rates and occupancy assumptions. Buyers should independently verify all approvals, development requirements, projected income, operating expenses, and financial assumptions.
Location
State TN
County Marshall County
Zoning Commercial
Interior
Fireplace N
Others
Special Listing Condition Standard
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