18 Town Landing Rd Saint Albans, ME 04971

This self-storage investment opportunity is located in St. Albans, ME, and features a 4,000 square foot building with 33 units on 1.54 acres. The property currently has a 57% occupancy rate. There is significant upside potential to increase net operating income (NOI) through rate increases and by increasing both economic and physical occupancy. Additional revenue can be generated by implementing a tenant protection program and converting existing office space into additional rentable units. The area surrounding St. Albans has a steadily growing population, with a mix of full-time residents and seasonal visitors drawn to the region's lakes and outdoor recreation. The property benefits from easy access to Route 152 and other regional highways, making it a convenient storage solution for residents of St. Albans, Hartland, and surrounding communities. The nearby Big Indian Lake and Great Moose Lake attract tourists and second-homeowners who often require storage for boats, kayaks, and recreational equipment. The property is remotely operated and has limited competition in the market. The 5-mile SF per capita is 3.45.