Listing contacts

Leslie Crenshaw  

RE/MAX Southern

(770) 227-5555 309

Active

Asking price: $115,000
Added: 2020-10-27 Updated: 2020-11-06

Info

Address 1015 S Church Street
City Meigs
State GA
Zip Code 31765
County Thomas
Total Lot Size 0.53 acres
Year Built 1999
Property type Self Storage

Details

Ceiling height 9 ft
Number of units 50
Number of floors 1
APN # MG 006052
Zoning Commercial
Year renovated 2006
Physical Occupancy 48%

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Highlights

  • * 5x5''s, 5x10''s, 10x20''s
  • * 2019 Taxes: $1,161.10
  • * Automated Valuation Model (AVM) is $180,000
  • * Est. Yrly. Income: $11,568
  • * Est. Net Income: $4,858.56 (@58% Vacancy)
  • * Occupancy Rate: 42%
  • * Cap Rate: 3.351%
  • * Level Lot (cleared)
  • * Parcel/Lot Size: 0.53 Acres (23,087 sq.ft.)
  • * Parcel/Lot Dimensions: 215''x108'' [rectangular]
  • * Zoning: Commercial Lot, City Mg
  • * Pipe Gas, Electricity, City Water, and City Sewer Available
  • * Gravel and Grass Access to Units
  • * Rural SW Georgia
  • * Meigs, GA (Thomas County)
  • * Heart of Downtown Area
  • * Intersection of two(2) paved GA Highways
  • * Lots of Value Add Opportunity

Description

Self Storage or Mini Warehouse business for sale in rural, southwest Georgia. Includes real estate. Owner is an investor and their all inclusive asking price is $115,000. Business Description: Located within the confines of Thomas County, GA. Parcel was acquired in 1999 and the first 2,000 sq.ft. storage facility/mini-warehouse was erected. The original building was added onto and another stand-alone building was built in 2006. One measures 1,400 sq.ft. and the other measures 2,000 sq.ft. Structures are non-climate controlled with nine foot(9'') steel construction walls, galvanized metal roofs, concrete-on-ground flooring systems, and slab perimeter footing foundations. Gravel and grass access to facility units on a 0.53 acre level lot. No on-site office on property. Located in the heart of the downtown area at the intersection of two(2) paved Georgia highways. Parcel has access to pipe gas, electricity, city water, and city sewer services. Town has a smaller population typical of rural areas and this is the only entity of its type within city limits. Google search reveals next nearest competitors are 5.4 miles to the north, 7.4 miles to the south, 19.5 miles to the east, and 15 miles to the west.

Location details

* Level Lot (cleared) * Parcel/Lot Size: 0.53 Acres (23,087 sq.ft.) * Parcel/Lot Dimensions: 215''x108'' [rectangular] * Zoning: Commercial Lot, City Mg * Pipe Gas, Electricity, City Water, and City Sewer Available * Gravel and Grass Access to Units * Rural SW Georgia * Meigs, GA (Thomas County) * Heart of Downtown Area * Intersection of two(2) paved GA Highways


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