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81694 LA-21 11,500 SF Specialty Building Offered at $400,000 in Bush, LA 70431
Investment Highlights
- Established self-storage facility with approximately 61 units.
- Approximately 75% occupancy at the time of marketing.
- Approximately 1.48–1.49-acre site along Highway 21.
- Fully fenced facility with graveled drive lanes.
Executive Summary
Exceptional chance to purchase an existing storage unit facility in St. Tammany Parish. The property features 61 units of varying sizes. The property is fully fenced and graveled in the lanes. There are spaces for RV/boat storage and an outbuilding that has been continuously rented over the years. HC-2 zoning. Excellent visibility in Bush. There is room to grow with the land that is included in the purchase (it is 1.49 acres total). The next ownership will need new management. There is electricity and water from the well already run to the outbuilding. Storage units are currently 55% rented. Huge value add opportunity! With some improvements, this facility could reach stability. Please reach out to Taylor for financial details.
Property Facts Under Contract
| Price | $400,000 | Building Class | C |
| Price Per SF | $34.78 | Lot Size | 0.68 AC |
| Sale Type | Investment | Building Size | 11,500 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Self-Storage | Year Built | 2015 |
| Zoning | HC-2 | ||
| Price | $400,000 |
| Price Per SF | $34.78 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 0.68 AC |
| Building Size | 11,500 SF |
| No. Stories | 1 |
| Year Built | 2015 |
| Zoning | HC-2 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 73210 | Improvements Assessment | $23,462 |
| Land Assessment | $0 | Total Assessment | $23,462 |
Property Taxes
Parcel Number
73210
Land Assessment
$0
Improvements Assessment
$23,462
Total Assessment
$23,462
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81694 LA-21