224 Main StMerrill, OR 97633

Property Details for 224 Main St

Year built

2021

Lot size

0.14 AC

Property size (Sq ft)

650 SF

Zone code

C

Property type

Warehouses

Property subtype

Self storage facilities

APN

R-4110-002DD-03200-000

APU

R4110002DD03200000

Description

This exceptional investment opportunity presents a recently constructed commercial storage facility located at 224 N Main Street, Merrill, Oregon. The property encompasses a 0.14-acre lot and houses a total of 22 individual storage units, generating consistent rental income. Sixteen larger units command a monthly rent of $80 each, while six smaller units rent for $50 per month. This translates to a substantial monthly revenue stream. Adding to the income potential is a three-space covered parking area, with each space currently leased at $50 per month. The property's recent construction ensures minimal maintenance needs and a long lifespan for the investment. The location in Merrill, Oregon, offers convenient access for local residents and businesses seeking storage solutions. This turnkey operation presents a rare chance to acquire a profitable, established business with immediate cash flow. The property's strong rental history and high occupancy rates make it an attractive investment for both seasoned and novice investors seeking a stable and rewarding venture. The current rental income provides a solid foundation for future growth and potential expansion. This is a prime opportunity to capitalize on the growing demand for storage space in a thriving community. Serious inquiries are encouraged to explore this lucrative investment further.

• Alternative Use

  Use

  Valuation

  Residential

  $152,452

  Hospitality

  $139,646

  Educational

  $116,184

  Medical

  $120,179

  Retail

  $180,730

Location Insight

City

Merrill

County

Klamath

State

Oregon

Latitude

42.0254

Longitude

-121.601

CBSA code

28900

CBSA name

KLAMATH FALLS, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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