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1015 S Church St - Meigs Self Storage 5,400 SF Specialty Building Offered at $270,000 in Meigs, GA 31765
Investment Highlights
- No Competition Within 12 Miles
- Room to Increase Rents
- Ability to be Managed Remotely (Reduced Expenses)
- 95% Physical Occupancy
- 33,000+/- SF of Land Available for Expansion
Executive Summary
Meigs Mini Storage is operating at 95% physical occupancy positioned on 1.3+/- acres in Meigs, GA. It contains 50 non climate controlled units and is in the center of town neighboring the community center and post office. Meigs Mini Storage operates with a strong physical occupancy and attracts tenants from neighboring towns such as Moultrie, Pelham and Cairo. It is the only self storage facility in the city which results in zero competition and control of the market.
Additionally, Meigs Mini Storage has approximately 33,000+/- SF of land that can be used for expansion of additional storage or Boat/RV Parking. This facility can be easily automated to immediately reduce expenses and increase overall net income. This deal presents a unique opportunity to acquire a self storage facility at or below replacement cost with plenty of room for expansion and the ability to increase economic occupancy and net income with proper management in place.
Additionally, Meigs Mini Storage has approximately 33,000+/- SF of land that can be used for expansion of additional storage or Boat/RV Parking. This facility can be easily automated to immediately reduce expenses and increase overall net income. This deal presents a unique opportunity to acquire a self storage facility at or below replacement cost with plenty of room for expansion and the ability to increase economic occupancy and net income with proper management in place.
Property Facts
| Price | $270,000 | Lot Size | 1.30 AC |
| Price Per SF | $50 | Building Size | 5,400 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1999 |
| Property Subtype | Self-Storage | Parking Ratio | 0.93/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | C 2 - Commercial | ||
| Price | $270,000 |
| Price Per SF | $50 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 1.30 AC |
| Building Size | 5,400 SF |
| No. Stories | 1 |
| Year Built | 1999 |
| Parking Ratio | 0.93/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C 2 - Commercial |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | MG-006052 | Improvements Assessment | $30,948 |
| Land Assessment | $3,767 | Total Assessment | $34,715 |
Property Taxes
Parcel Number
MG-006052
Land Assessment
$3,767
Improvements Assessment
$30,948
Total Assessment
$34,715
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1015 S Church St - Meigs Self Storage
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