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    121 Corvette Dr Greencastle, KY 42101

    For Sale
    $2,899,000

    High-Yield Storage Units, Excellent Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents a brand-new, 154-unit self-storage facility ideally situated just off I-65 exit 28 in Bowling Green, Kentucky. The property, located at 121 Corvette Drive, Warren County, boasts a prime location for convenient access and high visibility. The facility comprises 107 ten-by-ten-foot units, many of which offer the potential for conversion to larger ten-by-twenty-foot units through simple wall removal. An additional 47 ten-by-twenty-foot units further enhance the property's capacity and income potential. The asking price for this turnkey operation is $2,899,000. This represents a significant opportunity for investors seeking a high-demand, low-maintenance asset in a rapidly growing market. The property is classified as special purpose land and offers immediate income generation. The address is 121 Corvette Drive, Bowling Green, KY 42101. This is a rare chance to acquire a well-established storage facility with significant upside potential. The property's strategic location and the high demand for storage units in the area make this an attractive investment for both seasoned and new investors. The existing unit configuration provides flexibility and allows for future expansion or customization to meet evolving market demands.

    Property Features for 121 Corvette Dr

    General Information

    Property type
    Land

    HighLights

    • $2,899,000 asking price.
    • Special purpose land property.
    • Located at 121 Corvette Drive, Bowling Green, KY 42101.
    • 154 total storage units.
    • Unit mix includes 107 10x10 units (some convertible to 10x20) and 47 10x20 units.
    • Convenient I‑65 access (Exit 28).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Auto Repair Shop Auto Parts Store Gym & Fitness Hotel & Motel Department Store Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greencastle
    County
    Warren
    State
    Kentucky
    Longitude
    -86.5400674
    Latitude
    37.1184213

    Nearby Comparable

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      Bowling Green 8-Unit Apartment Building

      Eight-unit apartment building, vacant, new construction.
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      Bowling Green Agricultural Land

      36+ acres of recreational land with creek near Bowling Green.
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    FAQs

    What type of property is this?
    Land - High-Yield Storage Units, Excellent Location
    Where is this land located?
    The property is located at 121 Corvette Dr Greencastle, KY.
    What is the asking price?
    The asking price for this property is $2,899,000.
    What are key features of this property?
    This property features: $2,899,000 asking price.; Special purpose land property.; Located at 121 Corvette Drive, Bowling Green, KY 42101.
    Request Owner's contact information
    121 Corvette Dr Greencastle, KY 42101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    121 Corvette Dr Greencastle, KY 42101
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