531 Monroe St Everett, PA 15537
- Warehouses
- 4,000 SF
- 0.59 lot acres
Current Use by Public Records
- Warehouses
Property Details for 531 Monroe St
- Year built
- 1990
- Lot size
- 0.59 lot acres
- Property size
- 4,000 SF
- Property type
- Warehouses
- APN
- G.09-B.07-114
- APU
- G09B07114
Description
This exceptional investment opportunity presents a 4,000 square foot metal self-storage building situated on a 0.58-acre lot at 531 Monroe Street, Everett, PA. The property boasts 20 individual storage units within the main structure, offering immediate income generation. Adding to its revenue potential, the sale includes seven shipping containers currently utilized as additional self-storage units, providing immediate supplemental income and the potential for further expansion. The building's robust metal construction ensures durability and low maintenance costs. The 40' x 100' footprint provides ample space for the existing units and allows for potential future development or unit modifications to increase rental income. The 0.58-acre lot offers significant room for growth, allowing for the addition of more storage units, the construction of new buildings, or the development of complementary businesses. This property is ideally suited for an investor seeking a strong return on investment in a stable market. The existing infrastructure and high demand for self-storage units in the area make this a compelling opportunity for immediate income and long-term growth. The property is priced at $300,000, representing a significant value for its size, location, and income-generating potential. This is a turnkey operation ready for a new owner to step in and begin profiting immediately.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $210,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $280,000
- 6.5%
- $275,000
- 7%
- $275,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $310,000
- Geo Method
- $260,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $225,000
- Retail
- $235,000
- Mixed-Use
- $285,000
- Hospitality
- $255,000
- Educational
- $220,000
- Residential Income
- $300,000
- Energy
- $225,000
- Income-Based Land
- $260,000
- Food Service
- $245,000
Location Insight
- Map
- Local Demand
- City
- Everett
- County
- Bedford
- State
- Pennsylvania
- Longitude
- -78.3773
- Latitude
- 40.0046