Spruce St Paynesville, MN 56362
- Warehouses
- 3,360 SF
- 16,553.00 lot acres
Current Use by Public Records
- Warehouses
Property Details for 0 Spruce St
- Year built
- 2024
- Lot size
- 16,553.00 lot acres
- Property size
- 3,360 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
Description
This exceptional self-storage facility represents a lucrative investment opportunity in Paynesville, Minnesota. Completed in 2024, this single-story building boasts 3,360 square feet situated on a generous 16.553-acre lot. The property features six individual storage units, each measuring 14 feet wide, 12 feet deep, and 40 feet long, providing ample space for RVs and boats. The high ceilings, measuring 14 feet, offer significant vertical storage capacity. While currently lacking heat and electrical installations, this presents a unique opportunity for customization and increased rental income potential. The property's location on Spruce Street in Stearns County, zip code 56362, offers convenient access for local residents. The substantial lot size allows for future expansion or additional development, further enhancing the investment potential. This turnkey property is ready for an owner-operator or investor to capitalize on the growing demand for self-storage in the area. The asking price is $349,900. This represents a rare chance to acquire a brand-new, high-quality self-storage facility in a desirable location.
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
- Paynesville
- County
- Stearns
- State
- Minnesota
- Longitude
- -94.7194
- Latitude
- 45.3704
