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73 Birch St Philippi, WV

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For Sale
$454,000

Stabilized self-storage facility with expansion potential in Philippi, West Virginia.

Property size:
11,400 SF
Lot size:
0.79 Acres

Property Features for 73 Birch St

General Information

Size
11,400 SF
Lot size
0.79 Acres

Source: ParaSell, Inc. Agent Scott Reid

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Self-Storage Facility in Philippi, WV

This stabilized, cash-flowing self-storage facility features 82 non-climate controlled units, totaling 11,400 net rentable square feet. The facility is located in Philippi, West Virginia, along the Tygart Valley River, within Barbour County. The property sits on a 0.78-acre lot, offering room for a small storage expansion or the addition of outdoor parking rentals. There is an opportunity to increase revenue through rent increases and the implementation of existing customer rent increases. The immediate trade area has limited competition, with a saturation rate of 4.5 SF/capita within five miles of the property. Additional revenue potential exists through maximizing fee income and the implementation of tenant insurance sales. The average household income within three miles of the property is $70,265. Philippi is the county seat of Barbour County, which is home to 15,369 residents.
Location Intelligence

Current Use by Public Records

Self storage facilities

Map

City
Philippi
County
Barbour
State
West Virginia
Longitude
-80.0403578
Latitude
39.1523198

FAQs

What type of property is this?
Self storage facility - Stabilized self-storage facility with expansion potential in Philippi, West Virginia.
Where is this self storage facility located?
The property is located at 73 Birch St Philippi, WV.
What is the asking price?
The asking price for this property is $454,000.
What are key features of this property?
This property features: - Stabilized, cash-flowing self-storage facility.; - Opportunity to increase revenue through rent increases and fee income.; - Limited competition with a low saturation rate of 4.5 SF/capita.
More about this property
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