224 Main St Merrill, OR 97633
- Warehouses
- 650 SF
- 0.14 lot acres
Current Use by Public Records
- Warehouses
Property Details for 224 Main St
- Year built
- 2021
- Lot size
- 0.14 lot acres
- Property size
- 650 SF
- Zone code
- C
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- R-4110-002DD-03200-000
- APU
- R4110002DD03200000
Description
This exceptional investment opportunity presents a recently constructed commercial storage facility located at 224 N Main Street, Merrill, Oregon. The property encompasses a 0.14-acre lot and houses a total of 22 individual storage units, generating consistent rental income. Sixteen larger units command a monthly rent of $80 each, while six smaller units rent for $50 per month. This translates to a substantial monthly revenue stream. Adding to the income potential is a three-space covered parking area, with each space currently leased at $50 per month. The property's recent construction ensures minimal maintenance needs and a long lifespan for the investment. The location in Merrill, Oregon, offers convenient access for local residents and businesses seeking storage solutions. This turnkey operation presents a rare chance to acquire a profitable, established business with immediate cash flow. The property's strong rental history and high occupancy rates make it an attractive investment for both seasoned and novice investors seeking a stable and rewarding venture. The current rental income provides a solid foundation for future growth and potential expansion. This is a prime opportunity to capitalize on the growing demand for storage space in a thriving community. Serious inquiries are encouraged to explore this lucrative investment further.
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
- Merrill
- County
- Klamath
- State
- Oregon
- Longitude
- -121.601
- Latitude
- 42.0254
- CBSA code
- 28900
- CBSA name
- KLAMATH FALLS, OR MICROPOLITAN STATISTICAL AREA
