Morganton Storage
Closed3495 NC-18, Morganton, NC 28655
Property type
Self Storage
Unit / Space count
82
Price
$850,000
Building size
13,736 sf
Rentable area
13,736 SF
Year built
Year renovated
Occupancy
Zoning code
Lot size
2.02 Acres
Sold/status
Sold · Date unknown
Sale price
$850000
Property description
• Stabilized & Cash-Flowing Self Storage Property Strategically Located Along North Carolina Highway 18 Which Sees 5,407 Vehicles Per Day • Facility is Currently 91.01% Physically Occupied and is Comprised of 13,736 NRSF of Non- Climate Drive-Up Units and Seven Outdoor Parking Spaces • Property Sits on a 2.02-Acre Lot With Ample Room for Future Expansion • Opportunity to Increase Revenue Through Increasing Below-Market Rents, Maximizing Fee Income, Mandating Tenant Insurance, and Developing and Promoting Outdoor Parking Rentals • Opportunity to Increase Exposure Through Untapped Marketing Efforts Such As Google Ads, Additional Signage or Banners, and Improved Site Lighting. • Strong Demographics Featuring a Population of 30,898 Residents and an Average Household Income of $70,964 Within Five Miles of the Property • Morganton is Located ~55 Miles Northwest of Charlotte and is the County Seat of Burke County, Which is Home to 88,704 Residents • The Hickory-Lenoir-Morganton MSA is the 9th Largest in the State of North Carolina and is Home to 370,030 Residents