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$ 375,000
Est. payment | /mo
2.18 Acres Lot
$ 375,000
Est. payment | /mo
2.18 Acres Lot
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Subdivision E Kimbell Abst 617 Tr 74 2.18 Acavinger Mini Stg
MLS Listing ID 21061691
Total Fin. Sqft 7750
Year Built 2000
Annual Tax Amount $3,709
Lot Size 2.180 Acres
Acres 2.18
Property Sub-Type Business
Property Description
This well-established self-storage facility is conveniently located in Avinger, Texas, situated on State Highway 155 near the intersection with Highway 49. Positioned at the strategic crossroads of Lake O' the Pines, Jefferson, Hughes Springs, Linden, and Ore City, the property occupies over two acres with significant potential for growth. Currently operating at 60% occupancy, the facility offers 64 units ranging from 5x10 to 10x15, housed in two buildings constructed in 2000 and 2002. Enhanced security features include perimeter fencing and automated coded gate access, providing tenants with peace of mind. The spacious layout allows for easy maneuvering of trucks and trailers, adding to tenant convenience. An additional vacant acre offers ample opportunity for expansion, including the possibility of RV and boat storage to leverage the nearby lakes and surrounding communities. Managed through a fully integrated online platform with seamless payment processing and tenant services, the business runs smoothly and efficiently. With a current cap rate of approximately 7.4% based on the asking price and potential to increase to 15.2% by filling all units, along with additional income opportunities from developing the extra acre, this property presents a compelling investment. It's an ideal prospect for an owner ready to dedicate time and vision to unlock its full potential in this thriving East Texas market. The property has a new survey and is ready for its new owners!
Location
State TX
County Cass
Zoning U
Direction At the Hwy 155. Hwy 49 crossing in Avinger, go E on 155 just up the road on the L
Interior
Heating None
Cooling None
Flooring Concrete
Heat Source None
Exterior
Utilities Available City Water
Roof Type Metal
Garage No
Building
Foundation Slab
Structure Type Metal Siding
Others
Ownership Donese Simmons
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21061691
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Listed by Susan Jackson • Century 21 Platinum Partners
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Eliza Knapp
REALTOR® | Lic# 0684628