29765 State Highway 59Wayne, OK 73095

Property Details for 29765 State Highway 59

Year built

1998

Lot size

0.30 AC

Property size (Sq ft)

4,320 SF

Property type

Warehouses

Property subtype

Self storage facilities

APN

0000-08-05N-01W-0-059-00

APU

00000805N01W005900

Description

This exceptional investment opportunity encompasses a well-established storage unit facility located at 29765 State Highway 59, Wayne, OK. The main property, totaling 4,320 square feet on a 0.3-acre lot, is currently listed at $211,000 and must be purchased in conjunction with three additional properties (MLS#s 1148419, 1148417, & 1148416). Together, these four properties comprise a substantial 200-unit storage complex situated on a combined 2.87 acres. The complex boasts an impressive average occupancy rate of 95%, demonstrating strong and consistent rental income. A significant portion of the storage units have been constructed within the last 2-5 years, indicating recent upgrades and modern amenities. On-site improvements include a 30x30 shop building, providing additional storage or workspace potential. Furthermore, four of the 15x40 units are equipped with electricity, offering enhanced appeal to renters. This turnkey operation presents a rare chance to acquire a profitable and well-maintained storage facility in a prime location, just east of I-35 and conveniently accessible from Highway 59. The high occupancy rate and recent construction suggest a strong potential for continued growth and return on investment.

• Alternative Use

  Use

  Valuation

  Residential

  $881,593

  Hospitality

  $807,534

  Educational

  $671,859

  Medical

  $694,965

  Retail

  $1,045,114

Location Insight

City

Wayne

County

Mcclain

State

Oklahoma

Latitude

34.9137

Longitude

-97.3228

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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