939 Watts Creek RdWilliamsburg, KY 40769

Property Details for 939 Watts Creek Rd

Year built

2008

Construction

FRAME

Lot size

0.35 AC

Property type

Other commercial real estate

APN

109-00-00-139.01

APU

109000013901

Description

This exceptional self-storage facility presents a compelling investment opportunity in Williamsburg, Kentucky. Located at 939 Watts Creek Rd, 40769, this single-story, 2,808 square foot building sits on a 0.348-acre lot and boasts 32 units, currently operating at 55% occupancy. Built in 2008 and extensively renovated in 2022/2023, the property features a new metal roof, new gutters, improved drainage, and solar sensor lights. The facility includes 24 units measuring 8' x 12' and 8 units measuring 6' x 10', all enclosed within a chain-link fence. The asking price is $180,000, representing a price per square foot of $64.10 and a price per unit of $5,625. The property's Net Operating Income (NOI) is $9,063, yielding a 5.04% cap rate. The 12-foot ceiling height provides ample storage space. The property is zoned Rural and offers significant potential for increased occupancy and revenue. This is a vacant, gross lease, net lease investment opportunity. The property is ready for a new owner to maximize its potential. Recent improvements include a new metal roof, new gutters, improved drainage, and solar sensor lights. The property is fully fenced for security.

• Alternative Use

  Use

  Valuation

  Residential

  $2,976,970

  Hospitality

  $2,726,888

  Educational

  $2,268,739

  Medical

  $2,346,764

  Retail

  $3,529,149

Location Insight

City

Williamsburg

County

Whitley

State

Kentucky

Latitude

36.7754

Longitude

-84.1611

CBSA code

30940

CBSA name

LONDON, KY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].