966 Meade St, Dunmore, PA 18512

This exceptional 3.3-acre development opportunity in Dunmore, Pennsylvania, presents a lucrative investment in a high-demand self-storage market. The site plan is already approved for a state-of-the-art, three-story self-storage facility totaling 130,000 gross square feet, with 99,000 net rentable square feet. Located off Interstate 81, this property boasts exceptional visibility and accessibility, benefiting from a high traffic count of 60,000+ vehicles daily. The area's demographics are highly favorable, with over 96,000 people within a four-mile radius and a low storage space ratio of 3.86 square feet per person. Market rents are strong, averaging $20 per square foot for climate-controlled units. The property is serviced by public water, sewer, and gas utilities. This redevelopment project offers a projected NOI of $921,000 and a pro-forma cap rate of 73.68%, making it an attractive investment with significant potential for return. The asking price is $1,250,000, translating to $9.62 per square foot. This is a turnkey opportunity to capitalize on the undersupplied self-storage market in a thriving area with high household incomes averaging approximately $89,000. The planned facility will include modern security systems and convenient amenities. Don't miss this chance to build a successful self-storage facility in a prime location.