For Sale
$900,000

3225 Pine StAbilene, TX 79601

77 Units, High Cap Rate, Excellent Visibility

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional self-storage opportunity in Abilene, Texas, presents a compelling investment prospect. The property, known as The Storage Place - Pine St., boasts 11,352 square feet of rentable space distributed across 77 non-climate controlled, drive-up units. Built in 1977 and situated on a 0.58-acre lot, the facility comprises three buildings. Recent improvements include a complete exterior renovation in 2023, enhancing curb appeal and property value. The property benefits from excellent visibility and accessibility, with a high daily vehicle count of 8,834. The infrastructure is in place for remote management, streamlining operational efficiency. The asking price is $900,000, representing a compelling $79.28 per square foot and a strong 6.86% capitalization rate. This turnkey operation offers immediate income generation and significant potential for future growth in a thriving Texas market. The property's location at 3225 Pine St, Abilene, TX 79601, ensures convenient access for both tenants and management. This is a rare opportunity to acquire a well-maintained, high-performing self-storage facility with significant upside potential.

Highlights

  • High visibility and accessibility with 8,834 vehicles passing daily.
  • Building exterior underwent a complete renovation in 2023.
  • Remote management infrastructure is in place.

Property Details for 3225 Pine St

Property type
Self storage facilities
Square Feet
11,352 SF
Year Built
1977
Buildings
3
Lot Size (sq. ft)
25,265 SF
Units
77

Location Insight

City
Abilene
County
Taylor
State
Texas
Latitude
32.488990550343
Longitude
-99.731416574053
3225 Pine St, Abilene, Texas

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3225 Pine St
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