7518 Preston Drive, Little Rock, AR 72209
sale
$239,000
|
Business, Bldg and Land
Courtesy Of RE/MAX Elite
This 46-unit self-storage facility with substantial value-add potential in Little Rock sits just one mile South of I-30, the southernmost interstate in Little Rock, where nearly 103,000 cars drive daily. Not only this, but it also sits just South of Baseline Road which has a 21,000 average VPD count as well as numerous residential units that sit just off it. The Chicot self-storage facility has 5 12x12 units, 1 12x15 unit, 1 18x12 unit, 1 12x24 unit, 2 24x12 units, 2 24x17 units, 1 24x27 unit, 32 6x12 units, and 1 outdoor parking space. The property sits on 0.579 acres with a total rentable square footage of 5,749 SF. It is comprised of 2 storage buildings and room to build more units if desired. The property is surveilled by a single REO link security camera that watches the gate and surrounded by fencing. The property is currently sitting at a 63.0% occupancy with 29 out of 46 units rented. This facility is waiting for an eager investor to bring it to its full potential. Potential areas to add value to this property include filling vacancies at market rate, giving the exterior a facelift, improving surveillance, amping up operations, and more.
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Property Features
- Age: 41-50 Years Old
- Architecture Style: New Traditional
- Exterior Type: Brick
- Floor Covering: Concrete
- Floors: 1.0
- MLSID: 23014593
- Roof Type: Metal
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