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12474 McCrearys Ridge Rd 12,000 SF Specialty Building Offered at $850,000 in Florence, IN 47020
Investment Highlights
- 89-Unit Self-Storage Facility on 2.1311 Acres
- Land for Additional Buildings To Be added
- Consistently Strong Occupancy in the Mid-90% Range
- Steady Rent Growth
Executive Summary
Enterprise Store & Lock is a well-maintained, 89-unit self-storage facility on 2.1311 acres, featuring multiple metal-frame buildings, an on-site office, and easy drive-up access throughout. The property has maintained occupancy in the mid-90% range, supported by steady rent growth and a growing base of auto-pay tenants. Recent capital improvements include updated exterior lighting, roof repairs, replaced roll-up doors, and new security cameras. All units are drive-up, non-climate-controlled. A generous, already-graded open area at the rear of the site offers room to add a second building — a clear path to expand NOI. A turn-key investment with strong in-place cash flow and organic growth potential.
Property Facts
| Price | $850,000 | Lot Size | 2.00 AC |
| Price Per SF | $70.83 | Building Size | 12,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1995 |
| Property Subtype | Self-Storage | Opportunity Zone |
Yes
|
| Building Class | C |
| Price | $850,000 |
| Price Per SF | $70.83 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 2.00 AC |
| Building Size | 12,000 SF |
| No. Stories | 1 |
| Year Built | 1995 |
| Opportunity Zone |
Yes |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 78-09-04-114-010.003-001 | Improvements Assessment | $119,300 |
| Land Assessment | $25,900 | Total Assessment | $145,200 |
Property Taxes
Parcel Number
78-09-04-114-010.003-001
Land Assessment
$25,900
Improvements Assessment
$119,300
Total Assessment
$145,200
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12474 McCrearys Ridge Rd
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