42 Achy Breaky LnGreers Ferry, AR 72067

Property Details for 42 Achy Breaky Ln

Lot size

3.29 AC

Property type

Land

Property subtype

Commercial land

APN

200-00802-009

APU

20000802009

Description

This exceptional self-storage portfolio in Greers Ferry, Arkansas, presents a compelling investment opportunity. Comprising five properties totaling 170,572 square feet across 30.54 acres, this portfolio offers 469 units of mini, boat, and RV storage. Currently operating at 68% occupancy, the portfolio boasts a 7.66% cap rate and a price per square foot of $17.29. The asking price is $2,950,000, or $6,289.98 per unit. The properties are classified as Class B/C drive-up units, strategically located near Greers Ferry Lake and major roadways. Three locations offer significant expansion potential. The portfolio represents 45% of the total trade area supply, with easy access to both the lake and main thoroughfares. While currently managed with an antiquated approach, significant operational improvements are possible, including website upgrades, online rentals, and strategic capital expenditures to enhance curb appeal and functionality. Rental rates are currently 26% below market average, presenting a substantial opportunity for increased revenue. The properties are offered fee simple. The seller retains the right to accept offers prior to the closing deadline. All site visits require prior scheduling. APN numbers are 20000802001C, 20000699003C, 20000874000C, 107069004/108050000. The lease type is NNN.

• Alternative Use

  Use

  Valuation

  Residential

  $37,495,400

  Hospitality

  $34,345,584

  Educational

  $28,575,124

  Medical

  $29,557,866

  Retail

  $44,450,192

Location Insight

City

Greers Ferry

County

Cleburne

State

Arkansas

Latitude

35.5779

Longitude

-92.1809

Property Tax & Assessments

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