7660 NC-87 Hwy - Self-Storage Facilities FOR SALE


Graham, NC 27253
$699,000 USD
919-922-5757
7660 NC-87 Hwy, Graham, NC for Sale
$699,000 USD
Self-Storage Facilities - FOR SALE
1/6
null | Request Cap Rate

7660 NC-87 Hwy
Graham, NC 27253


HIGHLIGHTS

  • Proposed site would be only climate controlled self storage facility within 8 miles
  • Growing area
  • Great visibility

OVERVIEW

This prime development site is zoned for self storage and includes an approved stormwater permit good through 2031. With no climate storage offered within eight miles of the site, the owner will provide approved civil and architectural plans for two climate controlled buildings with approximately 34,000 +/- NRSF. The seller has completed much of the work and made investments necessary to start the construction of a new facility, reducing the time and money associated with the pre-development stage for a new owner. The 1.7 +/- acres is situated along S NC 87 Hwy and near the signaled intersection of Old Greensboro Road, maximizing exposure and attracting potential tenants from the 3,785 vehicles that drive by the site each day. A new Dollar General is located across the road. Graham, NC has experienced very high growth in recent years with a 6.9% population increase between April 1, 2020 and July 1, 2023 (https://www.census.gov/quickfacts/). Additionally, household growth within a five-mile radius of the site is projected to increase 4.4 percent from 2024 to 2029 (Source: ESRI 2024). The site is located just a few miles south of historical downtown Graham and 20 miles north of the Chatham Park planned community that spans over 8,000 acres. With its convenient location, this property is a compelling opportunity for investors seeking to capitalize on the area’s growth and demand for climate controlled self-storage solutions.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$16 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

STATUS

Proposed

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Self Storage Development Site - Graham, NC

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

-

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

1.7 AC

LAND SF

74,052 SF

ZONING

None

APN/PARCEL ID

156663

ASK ABOUT THIS PROPERTY

Hal Tanner IIIMidcoast Properties, Inc.More Info
919-922-5757

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Hal Tanner IIIMidcoast Properties, Inc.More Info
919-922-5757

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