For Sale
$799,000

2591 Highway 70Waverly, TN 37185

Profitable Self Storage, Two Locations

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity in Humphreys County, Tennessee, featuring TriStar Self Storage, a well-established self-storage facility with two locations boasting a combined 111 units and 13,344 square feet. This multi-tenant property, built in 2010 and extensively renovated in 2023, presents a compelling return on investment at $59 per square foot. The Waverly location, situated on Highway 70, offers significant expansion potential with a 24 x 120-foot concrete pad ready for additional building construction. This expansion could yield an additional $2,285 per month in potential income, supplementing the current monthly income of $5,900. The second location in Hurricane Mills enjoys convenient access off I-40, exit 143 (Loretta Lynn Exit), and generates a potential monthly income of $3,680. The property comprises five buildings on approximately two acres of land, each featuring 12-foot ceilings. This turnkey operation is offered for sale by owner at $799,000 and presents a rare opportunity to acquire a profitable, established business with substantial growth potential. The property's strategic locations and recent renovations ensure a strong foundation for continued success and increased profitability. The combination of high demand for self-storage units and the existing infrastructure makes this a truly attractive investment.

Highlights

  • Exceptional investment opportunity: Established TriStar Self Storage, two locations, 111 units, 13,344 sq ft.
  • $799,000 asking price, $59/sq ft.
  • 2010 construction, extensively renovated in 2023.
  • Waverly location (Highway 70) has 24x120 ft concrete pad for expansion, adding potential $2,285/month income.
  • Hurricane Mills location (I-40, Exit 143) generates potential $3,680/month income; current total monthly income $5,900.
  • Five buildings on ~2 acres, 12-ft ceilings.

Property Details for 2591 Highway 70

Property type
Self storage facilities
Square Feet
13,344 SF
Year Built/Renovated
2010/2023
Buildings
5
Stories
1
Lot Size (sq. ft)
87,120 SF
Units
111

Location Insight

City
Waverly
County
Humphreys
State
Tennessee
Latitude
36.086589877701
Longitude
-87.749564526954
2591 Highway 70, Waverly, Tennessee

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2591 Highway 70
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