7685 W Houghton Lake Dr - Self-Storage Facilities FOR SALE
Houghton Lake, MI 48629 |
7685 W Houghton Lake Dr
Houghton Lake, MI 48629
HIGHLIGHTS
- Very attractive yield projections upon stabilization of the second phase.
- Strategically located adjacent to Michigan’s largest inland lake, benefiting from sustained demand driven by vacationers and second-home owners.
- Currently operated by “Mom and Pop” ownership with no formal advertising, presenting a clear opportunity for professional management and marketing.
- Approximately 5 acres of remaining land with approved plans for an additional ±16,000 net rentable square feet of self-storage or Boat & RV parking,
- Ownership recently spent over $20,000 on LED customizable signage at the entrance of the property.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Two Bears Storage
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Self-Storage Facilities
TOTAL BUILDING SIZE
30000
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
14
LAND DETAILS
LAND ACRES
9 AC AC
LAND SF
392,040 SF
ZONING
-
APN/PARCEL ID
011-203-016-0155
