500 S G St Arkansas City, KS 67005

The property is a self-storage facility located in Arkansas City, Kansas, featuring 6,720 square feet of net rentable space. It comprises 56 units and has a 96% occupancy rate. The property is situated in the heart of Arkansas City, offering potential for growth, income generation, and value-add opportunities. There is land available for potential expansion, approximately 0.95 acres adjacent to the property, which is included in the sale and classifies self-storage development as a conditional use. There is also the ability to add additional shipping containers. The property is located near U.S. Highways 77 and 166, providing access to north-south and east-west travel corridors, with proximity to I-35 and the Kansas-Oklahoma border. Arkansas City is part of the Wichita, KS Combined Statistical Area and is approximately 60 miles southeast of Wichita. The community attracts employers due to its skilled labor force, transportation access, and business-friendly environment. Value-add opportunities exist with the ability to increase revenue via Existing Customer Rent Increases (ECRI's) and increasing tenant insurance income. The property is located in south-central Kansas near the Oklahoma border, 60 miles from Wichita, 110 miles from Oklahoma City, OK, 14 miles from Winfield, and 27 miles to Ponca City, OK.