Current Use by Public Records
- Self storage facilities
Property Details for 0 Undisclosed
- Lot size
- 8.58 lot acres
- Property type
- Self storage facilities
Description
Exceptional investment opportunity in Durham, NC, presents a thriving self-storage facility currently generating strong income. This property encompasses 27,278 square feet and features 216 individual storage units, perfectly situated within a high-growth market. The facility sits on a substantial 8.58-acre lot, providing significant room for expansion. Currently zoned for industrial use, the existing 4.97 acres are fully utilized, while an additional 3.61 acres offer considerable potential for future development, allowing for a substantial increase in storage capacity. This could potentially double the current unit count, significantly boosting revenue streams. The property's prime location in Durham, NC, ensures easy access and high visibility, contributing to consistently high occupancy rates. This turnkey operation presents a rare chance to acquire a proven income-producing asset with substantial upside potential for long-term growth and profitability. The strong existing cash flow, combined with the significant expansion possibilities, makes this an attractive investment for both seasoned and emerging investors seeking a secure and high-return opportunity in a dynamic market. This is a truly exceptional opportunity to capitalize on the growing demand for self-storage in a thriving North Carolina city. The property is located in Durham, NC, zip code 27704.
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
- Durham
- County
- Wilkes
- State
- North Carolina
- Longitude
- -78.8269
- Latitude
- 36.0323
