912 29Th AveTuscaloosa, AL 35401

This exceptional self-storage facility, known as THE STORAGE CENTER, presents a compelling investment opportunity in Tuscaloosa, Alabama. Boasting 26,715 square feet across nine single-story buildings on a 1.41-acre lot, this property offers 242 units with a current occupancy rate of 70%. Built in 1985, the facility is situated at 912 29th Ave, Tuscaloosa, AL 35401, and features a strong location with over 68,000 residents within a 3-mile radius and less than 2 miles from the University of Alabama. The property's current NOI is $104,353, resulting in a 4.08% cap rate and a price per square foot of $95.83. The asking price is $2,560,000. With limited competition (only 4.14 square feet per capita within a 3-mile radius) and below-market rents, this property offers significant upside potential through improved management, enhanced marketing, and rent optimization. The property's APN is 31-05-22-3-024-013.000. This is a rare chance to acquire a well-positioned self-storage asset with substantial growth prospects in a thriving market.