54000 US-82 - Self-Storage Facilities FOR SALE


Itta Bena, MS 38941
$100,000 USD
217-202-0924
54000 US-82, Itta Bena, MS for Sale
$100,000 USD
Self-Storage Facilities - FOR SALE
1/10
null | 3.46% Cap Rate

54000 US-82
Itta Bena, MS 38941


HIGHLIGHTS

  • Value-add facility!
  • Located on State Hwy with over 9,000 VPD!
  • Security fence and gate already in place!
  • Affordable entry price point to this asset class!

OVERVIEW

Excellent opportunity to acquire a value-add self-storage facility at an attractive basis. Located at 54000 US Highway 82 in Itta Bena, Mississippi, the property sits along one of the region's primary east-west corridors with approximately 9,000-12,000 vehicles passing the site daily. The facility is just minutes from Greenwood, Mississippi, providing convenient access to a regional trade area while benefiting from excellent highway visibility. The property also offers quick access to Mississippi Valley State University and surrounding communities. Offered at just $100,000, the property is priced well below today's replacement cost, creating an attractive opportunity for investors seeking a low-basis acquisition with significant upside potential. The facility consists of 40 non-climate-controlled storage units configured as follows: • 20 – 10' x 10' • 17 – 10' x 5' • 1 – 10' x 15' • 2 – 10' x 20' Currently, only six units are occupied, providing a substantial leaseup opportunity for an owner willing to implement professional management and marketing. The facility is enclosed by a security fence with gated access and is equipped with solar lighting throughout the property. Unlike many stabilized self-storage facilities, the property currently has virtually no digital presence. It is not operating on a management software platform, has no online rental capability, website, Google Business Profile, or third-party listing exposure. A new owner has the opportunity to significantly improve occupancy through basic operational enhancements, online marketing, revenue management, and improved customer accessibility. Following stabilization, the site also offers a modest opportunity for future expansion, providing additional long-term upside. This offering represents an excellent opportunity for an owner-operator or investor looking to acquire an affordable self-storage facility with meaningful value-add potential, strong highway exposure, and multiple avenues for increasing revenue. Seller financing is not available. Greenwood Storage (Value-add Opportunity): • Below replacement cost acquisition • Only 15% occupied (6 of 40 units leased) • High-visibility US-82 location (9,000-12,000 VPD) • Minutes from Greenwood, MS • Security fence & gated access already installed • Solar lighting throughout the facility • Opportunity to implement management software and online rentals • Potential for future expansion after stabilization • Significant lease-up and revenue growth potential MR. LANDMAN, LLC is a licensed real estate firm in the State of Mississippi operating under License #C-24570. Jonathan Fisher is licensed broker in the State of Mississippi operating under License #B-24926.

FOR SALE DETAILS

PRICE

$100,000 USD

PRICE/SF

$29 USD /SF

CAP RATE

3.46%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Greenwood Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

Commercial

APN/PARCEL ID

08809000000220

ASK ABOUT THIS PROPERTY

Jon FisherMr. LandmanMore Info
217-202-0924

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Jon FisherMr. LandmanMore Info
217-202-0924

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.