205 Highway 155 Highway
Avinger, TX 75630
$375,000
7,750 sqft
Description
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!
Location
Schools
| School Name | Grades | Admission |
|---|---|---|
| Avinger School | KG - 12 | Regular |
| 1 School | ||
*All school information should be verified by local Independent School District.
* Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer.
The information contained herein is furnished by the owner to the best of his/her knowledge, but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.