26132 Us Highway 98 Elberta, AL 36530

This is a fully operational self-storage facility located at 26132 US Highway 98, Elberta, AL, offering immediate income and expansion potential. The property features 27,000 net rentable square feet (NRSF) with 133 units on a 16.1-acre site. It includes 11,250 NRSF of climate-controlled units and 48 boat/RV parking spaces. There are 98 climate-controlled units. The property was built in 2007 and is zoned M1 (Light Industrial). Security features include keyless gate entry and video surveillance. The current occupancy is 70% for units and 63% for area. The projected annual income is $221,940, with a Net Operating Income (NOI) of $150,677. The location has direct frontage on U.S. Highway 98, capturing over 10,800 vehicles per day. There is room to add up to 271 covered/enclosed boat and RV spaces. The location experiences surging demand with 1.85% population growth. Additional buildable NRSF is 171,933 SF. Projected revenue at 90% occupancy is $1,176,022, with a projected NOI increase of $846,736. The property is suited for self-storage, industrial, parking, automotive, and retail purposes.