00 County Line RdNew Baltimore, MI 48047
$698,000
Listing courtesy of Ironstone Realty
About
This Home
Sometimes the right opportunity just presents itself at exactly the right time. Discover this fantastic proposed Self Storage development in the bayside city of New Baltimore. Located on 5.65 acres, the property site plan has already been approved by city council (ready to build) and includes 4 climate controlled storage buildings with non-CC drive-ups around outside perimeters, totaling 50,120 net rentable square feet in addition to a rental office. A feasibility study, recently completed by Bob Copper of Self Storage 101, is available upon request. This is the last available industrial space in this growing community. Add it to your portfolio today. $615,473 GPI (Not Including Truck Rental, Retail Sales and other revenue services), $184,643 Expenses (30%), $430,831 NOI. Optional: Seller willing to reinvest after close of sale with partnership agreement.
Details
- Property Type
- Land
- Style
- Other
- Lot Size
- 5.64 acres
- Annual Taxes
- $1,749
- MLS #
- 58050054268
Gallery
Listing courtesy of Ironstone Realty. MLS # 58050054268. Information is deemed reliable but not guaranteed and should be independently verified.
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