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202 E 5th St N
Oldtown, ID 83822
Spartan Big Storage · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • 6+ Figure Yearly Producing Income Automated Business with NO Employees Needed!
  • 21,000+ sq ft Building NEW Remodel in 2022 (15) Units - Outside 40 NEW Units Built 2022 - NEW $125k Metal Roof Put On Main Building Aug 2024
  • Full Camera Coverage (Cloud) - Fully Asphalted - Fully Fenced - LED Lighting - Full Occupancy Since Opening
  • Unique Concept - Drive Thru Storage Storage Units in Heated Building with PRIME LOCATION.
  • Fully Automated Renting and Collecting System (Cloud) - No Employees Needed On Site!
  • Exponential Income Growth Every Year, with very low maintenance.

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
21,476 SF
Building Class
C
Year Built/Renovated
1977/2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.40
Lot Size
1.22 AC
Zoning
Commercial - Commercial Storage

AMENITIES

  • 24 Hour Access
  • Fenced Lot
  • Security System
  • Drive Thru
  • Storage Space

ABOUT 202 E 5TH ST N , OLDTOWN, ID 83822

Originally this property was a 21,000+ sq. ft. Supermarket located on 1.22 acres. We converted this property into a unique modern style storage facility unlike anything else around our area. The main building is now (15) fully indoor, drive thru large storage units 19' x 35'. This building is fully heated for winter weather conditions. A customer never has to be out in the elements while accessing their very large Storage Unit inside our building. Outside this massive main building the property was reconstructed on 1.22 city acres to accommodate (40) New Storage units, (26) 10' x 20's & (14) 10' x 15's Units. The complete facility has 55 total NEW rentable units. Because of its prime location in the city of Oldtown, operating in the very friendly state for doing business Idaho, plus being located next to the very popular Pend Orielle River this facility has always maintained 100% full occupancy status since its opening. The potential for this complex is exponential for years to come as storage prices along with land values increase naturally every year. Combined with the rapid growth of population in the state of Idaho means you'll always have plenty of potential clients for the future. No expense was spared building this property out and adding all the important options other facilities don’t offer. Property is completely paved and LED lighted and has a full array of security camera coverage that can be accessed through your phone or computer. All data live and from the past is stored on a cloud system for your easy access via phone or computer. In addition our rental process is fully automated and online for the customer and owner benefit. Units are rented online only, all monthly fees are collected through a credit and debit card automatic payment system. So there's no need for accounting, paper billing and mail outs. Our system automatically sends text, email reminders & alerts for upcoming payments, fees and receipts. Our Main Door Entry and Outside Gate Entry are automated and tied into our system as well which allows automatically assigning entry codes to customers and locking out customers if their payment does not process. In addition our system automatically assigns fees for failed processing, late rentals etc. Our system was built to allow the owner the ability to eliminate onsite employees, which obviously reduces costs and headaches. The entire complex can be managed through your phone or computer. This business was built to be 100% turnkey keeping it simple and easy to operate even for a 1st time owner for many years to come, creating higher profitability for you.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
RPN02-870-06017BA
Land Assessment
$167,401
Improvements Assessment
$1,380,453
Total Assessment
$1,547,854
  • Listing ID: 32695593

  • Date on Market: 8/5/2024

  • Last Updated:

  • Address: 202 E 5th St N, Oldtown, ID 83822

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