2591 Highway 70 Waverly, TN 37185
- Self storage facilities
- 13,344 SF
- 2.00 lot acres
Current Use by Public Records
- TriStar Self Storage / Self-Storage Facility
Property Details for 2591 Highway 70
- Year built
- 2010
- Lot size
- 2.00 lot acres
- Property size
- 13,344 SF
- Property type
- Self storage facilities
Description
Exceptional investment opportunity in Humphreys County, Tennessee, featuring TriStar Self Storage, a well-established self-storage facility with two locations boasting a combined 111 units and 13,344 square feet. This multi-tenant property, built in 2010 and extensively renovated in 2023, presents a compelling return on investment at $59 per square foot. The Waverly location, situated on Highway 70, offers significant expansion potential with a 24 x 120-foot concrete pad ready for additional building construction. This expansion could yield an additional $2,285 per month in potential income, supplementing the current monthly income of $5,900. The second location in Hurricane Mills enjoys convenient access off I-40, exit 143 (Loretta Lynn Exit), and generates a potential monthly income of $3,680. The property comprises five buildings on approximately two acres of land, each featuring 12-foot ceilings. This turnkey operation is offered for sale by owner at $799,000 and presents a rare opportunity to acquire a profitable, established business with substantial growth potential. The property's strategic locations and recent renovations ensure a strong foundation for continued success and increased profitability. The combination of high demand for self-storage units and the existing infrastructure makes this a truly attractive investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waverly
- County
- Humphreys
- State
- Tennessee
- Longitude
- -87.7496
- Latitude
- 36.0866
