42 mini storage units, 4200 sq.ft. warehouse under lease and 6400 sq.ft. retail or flex space currently available for lease. City water and sewer but located just outside of town. Mini-storage is gated and secure. 2 existing curbs cuts onto Rt. 113/Dupont Highway. Great exposure, visibility and access. Current income is $53,591. Potential income is $148,357 (11% CAP Rate). Owner does not market the mini-storage and current vacancy is about 40%. The 6600 sq.ft. flex/retail building could be converted to climate controlled mini-storage. Estimated rental rate as is would be $10.50 +/- per sq.ft. If renovated/updated, this rate would be more in the $12 -$14 range depending on the level of finish.
DESU2074878
General Commercial
SUSSEX
1.25
Acres
Electric Water Heater, Public Water Service
Public Sewer, Grinder Pump
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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