136 Elm Rd Grover, NC 28073
- Self storage facilities
- 5.00 lot acres
Current Use by Public Records
- Your Toy Box LLC / Rv Storage Facility
Property Details for 136 Elm Rd
- Lot size
- 5.00 lot acres
- Property type
- Self storage facilities
Description
This exceptional 5-acre commercial property in Grover, NC, offers a prime investment opportunity. Located on Elm Road with 700 feet of frontage on I-85, this vacant, light industrial-zoned lot boasts a brand-new RV and boat storage facility. Permitted in 2022, the site features 153 parking spaces, is fully graveled and fenced, and includes key-pad entry for enhanced security. Currently at 4% occupancy, the property presents significant upside potential for growth. The pro-forma NOI is $69,300, yielding a 10.66% cap rate. The asking price is $650,000. This owner/user investment is ideal for an entrepreneur looking to capitalize on the high-traffic location and established infrastructure. The property's strategic positioning along I-85 ensures excellent visibility and accessibility, making it an attractive destination for RV and boat owners. The existing infrastructure, including the gravel surface and fencing, minimizes upfront capital expenditures. The key-pad entry system provides a secure environment for stored vehicles. This is a rare opportunity to acquire a well-positioned, ready-to-operate storage facility with substantial room for expansion and increased profitability. The property's zoning allows for continued operation as a storage facility, and the existing infrastructure provides a solid foundation for immediate revenue generation. The land itself is valued at $0/acre, making the building and business the primary investment components.
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
- Grover
- County
- Cleveland
- State
- North Carolina
- Longitude
- -81.435937048583
- Latitude
- 35.169708706237
