2324 New Tullahoma HwyManchester, TN 37355

Property Details for 2324 New Tullahoma Hwy

Lot size

0.48 AC

Property type

Other commercial real estate

APN

016093 02401

APU

1609302401

Description

This exceptional investment opportunity presents a thriving 82-unit self-storage facility situated at 2324 New Tullahoma Highway in Manchester, Tennessee. Boasting a highly visible location directly across from Coffee County Central High School, this property benefits from consistent high-volume traffic. The facility comprises a diverse range of unit sizes, catering to a broad customer base. Specifically, there are 82 units, with sizes ranging from 5x10 to 10x30, offering flexibility and accommodating various storage needs. Current rental rates range from $40 to $140 per month, presenting significant potential for future rental increases. The property sits on a 0.48-acre lot, providing ample space for the existing units and potential for future expansion. Adding to the income stream, a billboard on the property generates additional annual revenue. A power meter is already installed, allowing for future lighting upgrades if desired. The total square footage of the facility is 13,200 square feet. This turnkey operation offers a compelling investment opportunity with strong cash flow and significant upside potential. The property is priced at $825,000.

• Alternative Use

  Use

  Valuation

  Residential

  $5,061,884

  Hospitality

  $4,636,658

  Educational

  $3,857,645

  Medical

  $3,990,316

  Retail

  $6,000,782

Location Insight

City

Manchester

County

Coffee

State

Tennessee

Latitude

35.4456

Longitude

-86.0984

CBSA code

46100

CBSA name

TULLAHOMA, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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