101 Riverside DrHolly Hill, FL 32117

Property Details for 101 Riverside Dr

Lot size

0.89 AC

Property size (Sq ft)

13,168 SF

Property type

Self storage facilities

Description

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.

Location Insight

City

Holly Hill

County

Volusia

State

Florida

Latitude

29.23

Longitude

-81.0279

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