Holman St Leesburg, AL 35983
- Land
- 9,600 SF
- 3.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Holman St
- Year built
- 2022
- Lot size
- 3.00 lot acres
- Property size
- 9,600 SF
- Property type
- Land
- Property subtype
- Self storage facilities
Description
This exceptional value-add opportunity presents a 9,600 square foot, Class B, self-storage facility situated on 3 acres in Leesburg, Alabama. Currently boasting 40 units (20 covered, 20 uncovered) with 40% occupancy, this property offers significant upside potential. Built in 2022 and renovated in 2024, the facility features a 15-foot ceiling height and includes security cameras, keycode access, and a fenced perimeter. The property is remotely managed and conveniently located half a mile from the Coosa River, making it highly attractive to boat and RV owners. The current NOI is $13,615, with a pro-forma NOI projected at $33,486, resulting in a pro-forma cap rate of 8.93%. The asking price is $375,000, with seller financing available with a $140,000 down payment. The property is zoned commercial and has a total net rentable square footage of 19,200 square feet. The property's location is 120 Holman St, Leesburg, AL 35983. The current occupancy rate is 40%, with an occupancy date of October 2, 2024. This is a gross lease, multi-tenancy property. The APN is 0501111000001021.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Leesburg
- County
- Cherokee
- State
- Alabama
- Longitude
- -85.7563
- Latitude
- 34.1873
