9970 Al-157 South Vinemont, AL 35179
- Land
- 24,300 SF
- 4.00 lot acres
Current Use by Public Records
- Land
Property Details for 9970 Al-157
- Year built
- 2023
- Lot size
- 4.00 lot acres
- Property size
- 24,300 SF
- Property type
- Land
- Property subtype
- Self storage facilities
Description
This exceptional investment opportunity presents a state-of-the-art self-storage facility in Vinemont, Alabama, built in 2023. Boasting 157 units across two single-story buildings totaling 24,300 square feet, this property sits on a 4-acre lot with convenient access to AL-157 and I-65, ensuring high traffic flow. Currently operating at 90% occupancy, with a projected 100% occupancy by October 23, 2024, this facility offers significant potential for immediate return on investment. High-tech features include 24/7 hands-free gate access, self-leasing kiosks (Insomniac 920 model), advanced security cameras, and ample lighting throughout the property. The facility benefits from both front and rear entrances, and the expansive lot allows for future expansion. Additional revenue streams could be generated through billboard rentals. Strategically located between Huntsville and Birmingham, this property presents a compelling opportunity for investors seeking a high-performing, modern self-storage asset. The asking price is $2,890,000, translating to $118.93 per square foot and $18,407.64 per unit.
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
- South Vinemont
- County
- Cullman
- State
- Alabama
- Longitude
- -86.9322
- Latitude
- 34.2365
