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5508 Otters Run Ct
Raleigh, NC 27609
North Raleigh Personal Storage Industrial · Specialty Property For Sale · 20,940 SF

INVESTMENT HIGHLIGHTS

  • Value-Add Self-Storage Facility Located Just North of Downtown Raleigh
  • Fully Secured Site With a 24 Hour Gate Access, Security Cameras and Facility Lighting
  • Site Can Be Remotely Managed or Part-Time Managed By an Owner-Operator That Already Has a Presence in the Market
  • Significant Upside Available to the Next Buyer Through Increasing Occupancy, Implementing Tenant Insurance Income and Admin/Late Fees and Offering Box
  • Existing Parking Can Be Built Over or Used as a Space For Relocatable Units
  • There Are More Than 221,471 People Within a 5-Mile Radius of the Property

PROPERTY FACTS

Property Type Specialty
Property Subtype
Self-Storage
  • Specialty Parking Lot
Building Class C
Lot Size 2.44 AC
Building Size 20,940 SF
No. Stories 1
Year Built 1983
Parking Ratio 1.19/1,000 SF
Zoning IND-1 - Industrial

AMENITIES

  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1716.08-98-0087-000
Land Assessment
$867,294
Improvements Assessment
$970,409
Total Assessment
$1,837,703
  • Listing ID: 23224069

  • Date on Market: 5/27/2021

  • Last Updated:

  • Address: 5508 Otters Run Ct, Raleigh, NC 27609

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