7685 W Houghton Lake Dr - Self-Storage Facilities FOR SALE
Houghton Lake, MI 48629 |
$1,780,000 USD
678-735-1386
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,
FOR SALE DETAILS
PRICE
$1,780,000 USD
PRICE/SF
$59 USD /SF
CAP RATE
10.49%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Two Bears Storage
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Self-Storage Facilities
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
9 AC
LAND SF
392,040 SF
ZONING
-
APN/PARCEL ID
011-203-016-0155
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678-735-1386
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678-735-1386
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