29765 State Highway 59 Wayne, OK 73095
- Warehouses
- 4,320 SF
- 0.30 lot acres
Current Use by Public Records
- Warehouses
Property Details for 29765 State Highway 59
- Year built
- 1998
- Lot size
- 0.30 lot acres
- Property size
- 4,320 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 0000-08-05N-01W-0-059-00
- APU
- 00000805N01W005900
Description
This exceptional investment opportunity encompasses a well-established storage unit facility located at 29765 State Highway 59, Wayne, OK. The main property, totaling 4,320 square feet on a 0.3-acre lot, is currently listed at $211,000 and must be purchased in conjunction with three additional properties (MLS#s 1148419, 1148417, & 1148416). Together, these four properties comprise a substantial 200-unit storage complex situated on a combined 2.87 acres. The complex boasts an impressive average occupancy rate of 95%, demonstrating strong and consistent rental income. A significant portion of the storage units have been constructed within the last 2-5 years, indicating recent upgrades and modern amenities. On-site improvements include a 30x30 shop building, providing additional storage or workspace potential. Furthermore, four of the 15x40 units are equipped with electricity, offering enhanced appeal to renters. This turnkey operation presents a rare chance to acquire a profitable and well-maintained storage facility in a prime location, just east of I-35 and conveniently accessible from Highway 59. The high occupancy rate and recent construction suggest a strong potential for continued growth and return on investment.
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
- Wayne
- County
- Mcclain
- State
- Oklahoma
- Longitude
- -97.3228
- Latitude
- 34.9137
- CBSA code
- 36420
- CBSA name
- OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
