406 Cox Ferry Rd Salem, IN 47167
- Warehouses
- 4,334 SF
- 2.00 lot acres
Current Use by Public Records
- Warehouses
Property Details for 406 Cox Ferry Rd
- Year built
- 2019
- Construction
- WOOD
- Lot size
- 2.00 lot acres
- Property size
- 4,334 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 88-24-18-224-002.000-022
- APU
- 882418224002000022
Description
This exceptional investment opportunity presents a 140-unit storage complex ideally located at 406 Cox Ferry Road, Salem, Indiana. The property encompasses two acres and comprises four buildings constructed between 2018 and 2021. The complex boasts 22,894 square feet of rentable space, distributed across ten different unit sizes, offering a diverse range of options for renters. Currently operating at 98% occupancy, this facility presents significant value-add potential due to below-market rental rates. Modern, user-friendly software facilitates online signup and streamlined unit management, enhancing operational efficiency. A convenient QR code system further simplifies the rental process for tenants. Detailed building sizes, unit configurations, and an aerial view are available upon request. This property represents a strong investment opportunity with substantial upside potential in a thriving market. A second location is also available at 15400 Hwy 60 Borden, Indiana (MLS #2023012303), offering further expansion possibilities. The asking price for this Salem property is $1,300,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Washington
- State
- Indiana
- Longitude
- -86.117
- Latitude
- 38.6106
- CBSA code
- 31140
- CBSA name
- LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
