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Listed by Tommy Long • Howard Hanna Krall Real Estate
$ 525,000
Est. payment | /mo
0.52 Acres Lot
$ 525,000
Est. payment | /mo
0.52 Acres Lot
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID PALN2026290
Year Built 2004
Annual Tax Amount $7,873
Tax Year 2026
Lot Size 0.520 Acres
Acres 0.52
Property Sub-Type Other
Source BRIGHT
Property Description
Exceptional investment opportunity positioned for long-term upside. 48 storage units plus 10 parking spaces. All units in good condition. Currently only one vacancy. 38 of the units were built in 2004 (all sized 10x20) and 10 additional units were constructed in 2018 (3 of these are 10x18 and 7 are 10x15). All units currently rent for $100/month and all parking spaces for $25/month, with potential increases to $115 and $35 respectively. Room to add about 2 to 4 additional parking spaces. Please see documents section for Pro Forma, financials, and additional information. Major operational improvements completed within the past year have transformed this property into a streamlined, professionally-managed asset. Recent upgrades include the installation of new heavy-duty metal signage, rollout of a website equipped for online rentals, auto-pay, automated late fees, and tenant insurance purchasing (additional income source for owner), removal of delinquent tenants, rent increases to market value, execution of updated leases with owner-favorable terms, property cleanup and minor repairs, installation of security cameras and motion lighting, and establishment of Google Verification and Search Engine Optimization (SEO). Buyer will receive the website and company name with the purchase, and can also have the LLC if desired. Visit the website at gannonstreetstorage.com to get a feel for how it operates. Self-storage investment opportunities of this caliber are exceedingly rare. Seize your moment!
Location
State PA
County Lebanon
Area Lebanon City (13201)
Zoning OFFICE INDUSTRIAL
Interior
Hot Water None
Heating None
Cooling None
Flooring Concrete
Heat Source None
Exterior
Garage Spaces 10.0
Utilities Available Electric Available, Sewer Available, Water Available
Water Access N
Roof Type Metal
Accessibility None
Total Parking Spaces 10
Garage N
Building
Sewer No Sewer System
Water None
New Construction N
Schools
School District Lebanon
Others
Tax ID 02-2337860-367352-0000
Ownership Fee Simple
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS