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Mike Bowman

[email protected] +1(817) 328-2342

$279,900

Est. payment - /mo

2.18 Acres Lot

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Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Subdivision E Kimbell Abst 617 Tr 74 2.18 Acavinger Mini Stg

MLS Listing ID 21061691

Total Fin. Sqft 7750

Year Built 2000

Annual Tax Amount $3,709

Lot Size 2.180 Acres

Acres 2.18

Property Sub-Type Business

Property Description

This well-established self-storage facility is conveniently located in Avinger, Texas, situated on State Highway 155 near the intersection with Highway 49. Positioned at the strategic crossroads of Lake O' the Pines, Jefferson, Hughes Springs, Linden, and Ore City, the property occupies over two acres with significant potential for growth. Currently operating at 60% occupancy, the facility offers 64 units ranging from 5x10 to 10x15, housed in two buildings constructed in 2000 and 2002. Enhanced security features include perimeter fencing and automated coded gate access, providing tenants with peace of mind. The spacious layout allows for easy maneuvering of trucks and trailers, adding to tenant convenience. An additional vacant acre offers ample opportunity for expansion, including the possibility of RV and boat storage to leverage the nearby lakes and surrounding communities. Managed through a fully integrated online platform with seamless payment processing and tenant services, the business runs smoothly and efficiently. With a current cap rate of approximately 7.4% based on the asking price and potential to increase to 15.2% by filling all units, along with additional income opportunities from developing the extra acre, this property presents a compelling investment. It's an ideal prospect for an owner ready to dedicate time and vision to unlock its full potential in this thriving East Texas market. The property has a new survey and is ready for its new owners!

Location

State TX

County Cass

Zoning U

Direction At the Hwy 155. Hwy 49 crossing in Avinger, go E on 155 just up the road on the L

Interior

Heating None

Cooling None

Flooring Concrete

Heat Source None

Exterior

Utilities Available City Water

Roof Type Metal

Garage No

Building

Foundation Slab

Structure Type Metal Siding

Others

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21061691

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Susan Jackson • Century 21 Platinum Partners

Nearby School & Business

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Mike Bowman

+1(817) 328-2342

Broker License ID: 0273938

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205 Highway 155 Highway Avinger, TX 75630

Mike Bowman

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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