148 Fannin Street

Description

RARE opportunity to acquire an existing cash-flowing self storage facility that is 94% occupied at time of listing. Check out this extremely well maintained 62 unit self storage facility in Lone Star with 7,400 square feet of net rentable square feet excluding the office! This facility has an excellent unit mix of 5X10, 8X10, 10X10, 10X12, 10X15, and 10X20 conventional storage units. Current owners have invested tens of thousands of dollars in property improvements/upgrades since 2021. They have installed security fencing around the 3 storage buildings, automatic coded entry gates, a state of the art video surveillance system around the property, extra asphalt paving, and a control room in one of the units with ETEX fiber optic internet. This property contains 3 self storage unit buildings and an empty lot with plenty of room for expansion. You can easily build 2 more buildings or you could offer RV/Boat storage. On the other side of Fannin Street there is plenty of land to build single family rental homes, duplexes, or even more storage units. The possibilities are truly endless! In addition, there is a super cute, 650 square foot office that includes a bathroom, kitchen, and a large open space. It could easily be converted into a 1 bed, 1 bath home for additional rental income or you could rent it to a business. The office has a mini split A/C system that was installed in August 2021. Owner/Agent.