5689 State Hwy 290 Peoples, KY 40447

Building Details

Year Built

1979

Listing agency KW Commonwealth r***@gmail.com Show Phone

Listed by Robert Linville · License #KY 265585

Source Crexi

Added: Jun 15, 2024 Updated: Jul 6 at 7:48AM Checked: Jul 20 at 4:32AM

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Investment Insights

Based on property information with market context.

This fully operational and established storage business maintains a 98% occupancy rate. The unit sizes include 4 units at 8'x9', 2 units at 8'x10', 24 units at 10'x10', 12 units at 1'0x12', 9 units at 8.5'x14', and 1 unit at 14'x30', totaling 52 units. A barn on the property provides 3744 square feet of space, featuring a block and concrete foundation, 3 driveways, and 3 storage bins on one side. The property also includes an apartment with 2 bedrooms and 2 bathrooms, attached to a 36' x 60' garage that features double insulation in the ceiling and walls. An installed security system with 8 cameras will convey with the sale. A 72'x84' red building includes a 14'x36' storage unit currently used for personnel storage by the owner and can hold approximately 5 RV units. The property is accessible via blacktop and gravel driveways, situated on approximately 7+ acres. The buyer can take possession of the rental property at the time of closing. There is ample room to add more storage units, apartments or houses. Some equipment is available for separate purchase. The seller requests 30 days to remove personnel items from large buildings.

Key Highlights

• Fully operational storage business boasting 98% occupancy.
• Features 52 storage units of varying sizes, plus a 3744 sq ft barn with 3 driveways and 3 storage bins.
• Includes a comfortable 2‑bedroom, 2‑bathroom apartment attached to a 36' x 60' garage.

Property Analytics

Location Intelligence

FAQs

What type of property is this?

Self storage facility - Operational storage business with apartment, barn, and expansion potential.

Where is this self storage facility located?

The property is located at 5689 State Hwy 290 Peoples, KY.

What is the asking price?

The asking price for this property is $695,000.

What are key features of this property?

This property features: Fully operational storage business boasting 98% occupancy.; Features 52 storage units of varying sizes, plus a 3744 sq ft barn with 3 driveways and 3 storage bins.; Includes a comfortable 2‑bedroom, 2‑bathroom apartment attached to a 36' x 60' garage.