1300 Spruce St Coffeyville, KS 67337

Property Details for 1300 Spruce St

Year built

1970

Construction

FRAME

Lot size

0.42 lot acres

Property size

4,800 SF

Property type

Warehouses

Property subtype

Self storage facilities

APN

221-02-0-10-18-015.00-0

APU

2210201018015000

Description

This exceptional investment opportunity presents a well-constructed cinderblock storage complex situated on a 0.44-acre lot in Coffeyville, Kansas, at 1300 S Spruce. The property features a main office space measuring 20x40 feet, complete with a half-bath. The complex boasts a variety of unit sizes to accommodate diverse storage needs, including three 10x10 units, fourteen 10x20 units, two 20x20 units, and four convenient 5x10 units. Currently undergoing significant renovations, the units are receiving fresh paint, new fascia, and repairs to rain gutters and downspouts. Enhancements also include newly installed exterior security lights, fencing, and doors. Future improvements will include the addition of video cameras and updated locks for enhanced security. The property benefits from existing security provided by Eagle Security at Acme Foundry. The absence of comparable storage facilities in Coffeyville creates a high demand and strong potential for rental income. Projected monthly rental income is estimated between $2,075 and $2,585. Currently, three tenants occupy six units at discounted rates until renovations are complete. Upon completion of the renovations, this property is poised to deliver a substantial return on investment. This is a rare opportunity to acquire a turnkey storage facility in a market with limited competition. The asking price is $140,000.