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    1631 Mcclain Ave Scottsburg, IN 47170

    For Sale
    $2,300,000

    High-Yield Storage Units, 8+ Acres

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional investment opportunity presents a thriving self-storage facility in Scottsburg, Indiana. Boasting 141 enclosed storage units and 40 exterior parking spaces, this property generates substantial rental income with current monthly rents ranging from $50 to $155. All units are currently occupied, and a waiting list demonstrates strong demand. The property sits on over eight acres (subject to survey), offering significant potential for expansion. The main office building includes a reception area, a private office, and a restroom. Unit sizes vary, ranging from compact 5x6 units to larger 12x40 units, catering to a diverse clientele. The seller will consider a parcel split, offering the storage units and office building separately for $1,700,000 and the remaining ten-plus acres for $650,000. The property is subject to an easement, and a survey will be completed and recorded before closing. This turnkey operation presents a rare chance to acquire a profitable, established business with considerable growth potential. The high occupancy rate and existing waiting list underscore the strong market demand and the property's inherent value. Don't miss this chance to secure a lucrative investment in a rapidly growing market.

    Property Features for 1631 Mcclain Ave

    General Information

    Property type
    Other commercial real estate
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Roseland Storage Storage Facility U-Haul Neighborhood Dealer Truck Rental Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Scottsburg
    County
    Scott
    State
    Indiana
    Longitude
    -85.79721
    Latitude
    38.68304

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    FAQs

    What type of property is this?
    Commercial real estate - High-Yield Storage Units, 8+ Acres
    Where is this commercial real estate located?
    The property is located at 1631 Mcclain Ave Scottsburg, IN.
    What is the asking price?
    The asking price for this property is $2,300,000.
    (888) 611-3912
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1631 Mcclain Ave Scottsburg, IN 47170
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