Michelle Lim

REMAX Premier
License number: 0630492
phone: (972) 696-9546
 mobile: (214) 205-1338
 fax: (972) 403-2015
 www.mlzip.com
2100 Dallas Parkway Suite102
 Plano, TX 75093
$375,000
205 Highway 155 Highway, Avinger, Texas 75630, USA
MLS#
21061691
Property type
Commercial for sale, Business
Property Size
7,750 sqft (719.975 m2)
Land size
2.18 sqft (0.2 m2)
Building Size
7,750 sqft (720 m2)
Status
Sale price per sqm
520.83 $
Virtual Tour
This well-established self-storage facility is conveniently located in Avinger, Texas, situated on State Highway 155 near the intersection with Highway 49. Positioned at the strategic crossroads of Lake O’ the Pines, Jefferson, Hughes Springs, Linden, and Ore City, the property occupies over two acres with significant potential for growth. Currently operating at 60% occupancy, the facility offers 64 units ranging from 5x10 to 10x15, housed in two buildings constructed in 2000 and 2002. Enhanced security features include perimeter fencing and automated coded gate access, providing tenants with peace of mind. The spacious layout allows for easy maneuvering of trucks and trailers, adding to tenant convenience. An additional vacant acre offers ample opportunity for expansion, including the possibility of RV and boat storage to leverage the nearby lakes and surrounding communities. Managed through a fully integrated online platform with seamless payment processing and tenant services, the business runs smoothly and efficiently. With a current cap rate of approximately 7.4% based on the asking price and potential to increase to 15.2% by filling all units, along with additional income opportunities from developing the extra acre, this property presents a compelling investment. It’s an ideal prospect for an owner ready to dedicate time and vision to unlock its full potential in this thriving East Texas market. The property has a new survey and is ready for its new owners!
Property Details
2000 Year Built:
Metal Construction:
Resale Condition:
concrete Floors:
city water Utilities:
On Slab Basement and Foundation:
Metal Roofing:

Listing by: Century 21 Platinum Partners
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