Current Use by Public Records
- Self storage facilities
Property Details for 1896 Us-70
- Year built
- 1990
- Lot size
- 6.41 lot acres
- Property type
- Self storage facilities
Description
This exceptional investment opportunity presents a two-property, self-storage portfolio ideally situated in Kingston, Oklahoma, near the thriving Lake Texoma. The portfolio encompasses 59,772 rentable square feet across 143 units, housed within eight single-story buildings on a 6.41-acre lot. Currently operating at 56% occupancy, this Class C property offers significant upside potential. Priced at $1,500,000 ($25.10/sq ft and $10,489.51/unit), the portfolio presents a compelling value-add proposition. Built between 1990 and 2005, the facilities boast excellent visibility and accessibility from US-70, a major thoroughfare with over 8,000 daily vehicles. The property benefits from the proximity to the burgeoning Pointe Vista development, a $1 billion mixed-use project featuring residential units, a golf course, marina, entertainment mall, and a Hard Rock Hotel & Casino, projected to create over 9,000 jobs. Currently managed remotely, the portfolio's performance can be substantially enhanced through improved management strategies, targeted marketing, and optimized rental rates. Note that approximately 16% of the rentable square footage (two buildings at one location) is currently unavailable for rent, presenting an opportunity for redevelopment or re-leasing. While occupancy is currently 56%, it's anticipated to increase significantly post-Labor Day. The properties are located at 1896 US-70 and 1211 US-70, Kingston, OK 73439.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kingston
- County
- Marshall
- State
- Oklahoma
- Longitude
- -96.6578
- Latitude
- 33.998
