54000 US-82 - Greenwood Storage 3,400 SF Specialty Building Offered at $100,000 at a 3.46% Cap Rate in Itta Bena, MS 38941

Excellent opportunity to acquire a value-add self-storage facility at an attractive basis. Located at 54000 US Highway 82 in Itta Bena, Mississippi, the property sits along one of the region's primary east-west corridors with approximately 9,000-12,000 vehicles passing the site daily. The facility is just minutes from Greenwood, Mississippi, providing convenient access to a regional trade area while benefiting from excellent highway visibility. The property also offers quick access to Mississippi Valley State University and surrounding communities.
Offered at just $100,000, the property is priced well below today's replacement cost, creating an attractive opportunity for investors seeking a low-basis acquisition with significant upside potential.
The facility consists of 40 non-climate-controlled storage units configured as follows:
• 20 – 10' x 10'
• 17 – 10' x 5'
• 1 – 10' x 15'
• 2 – 10' x 20'
Currently, only six units are occupied, providing a substantial leaseup opportunity for an owner willing to implement professional management and marketing. The facility is enclosed by a security fence with gated access and is equipped with solar lighting throughout the property.
Unlike many stabilized self-storage facilities, the property currently has virtually no digital presence. It is not operating on a management software platform, has no online rental capability, website, Google Business Profile, or third-party listing exposure. A new owner has the opportunity to significantly improve occupancy through basic operational enhancements, online marketing, revenue management, and improved customer accessibility.
Following stabilization, the site also offers a modest opportunity for future expansion, providing additional long-term upside.
This offering represents an excellent opportunity for an owner-operator or investor looking to acquire an affordable self-storage facility with meaningful value-add potential, strong highway exposure, and multiple avenues for increasing revenue.
Seller financing is not available.
Greenwood Storage (Value-add Opportunity):
• Below replacement cost acquisition
• Only 15% occupied (6 of 40 units leased)
• High-visibility US-82 location (9,000-12,000 VPD)
• Minutes from Greenwood, MS
• Security fence & gated access already installed
• Solar lighting throughout the facility
• Opportunity to implement management software and online rentals
• Potential for future expansion after stabilization
• Significant lease-up and revenue growth potential
MR. LANDMAN, LLC is a licensed real estate firm in the State of Mississippi operating under License #C-24570. Jonathan Fisher is licensed broker in the State of Mississippi operating under License #B-24926.