For Sale
$3,000,000

101 Riverside DrHolly Hill, FL 32117

Prime location, high-demand storage.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 13,168 square foot self-storage facility in Holly Hill, Florida, presents a compelling investment opportunity. Boasting 97 climate-controlled units, each equipped with biometric/numeric entry and 24/7 surveillance, this single-story, 2024-renovated building offers unparalleled security. The property includes a cafe, and a space ideal for a restaurant (725 sq ft patio). The owner is open to a master lease for the vacant units. Strategically located adjacent to a new waterfront condo complex with 486 units and a private marina, housing 1,500 residents with high storage needs, this property benefits from a captive market. Its proximity to Seabreeze Blvd and ample parking further enhance its appeal. The 0.89-acre lot is zoned 1600 - SH CTR CMMITY. The asking price is $3,000,000, representing a 7.00% cap rate. Phase 2 expansion is planned for 2024. This is a rare chance to acquire a nearly new, high-potential self-storage asset in a thriving coastal community. The property's location, amenities, and market demand make it an attractive investment with significant upside potential. The APN is 533734060014. The gross leaseable area is 13,168 square feet, plus patio space. The price per square foot is $227.83.

Highlights

  • Asking Price: $3,500,000
  • Total gross leasable area: 13,168 SF plus patio
  • New 9,945 SF self-storage facility with 97 climate-controlled units featuring biometric/numeric entry and 24/7 surveillance
  • Vacant units include space for a cafe, realtor's office, and a 725 SF restaurant patio; owner will consider a master lease
  • Adjacent to new waterfront condos (486 units, private marina) with 1,500 residents.

Property Details for 101 Riverside Dr

Property type
Self storage facilities
Square Feet
13,168 SF
Year Renovated
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
38,768 SF
Units
97

Location Insight

City
Holly Hill
County
Volusia
State
Florida
Latitude
29.2299896
Longitude
-81.0279353
101 Riverside Dr, Holly Hill, Florida

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101 Riverside Dr
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