Listed by CMP Real Estate Group
$675,000
65600 Gratiot Avenue
Details
Property Type Self Storage
Units 80
Price Per Acre $201,493
Acreage 3.350
Zoning CM
Investment Type Value Add
Self Storage | 80 Units
Marketing description
For Sale
Investment highlights
- Existing Infrastructure with Growth Potential: The property features 80 fully operational storage units and is site plan approved for an expansion to a total of 330 units.
- Prime Location: Strategically located on a 3.35-acre site along Gratiot Avenue, just south of 31 Mile Road, ensuring excellent accessibility and visibility.
- Proximity to High-Traffic Retail: Positioned only 0.75 miles south of a high performing Kroger store, ranked 408th out of 1,230 nationwide and 41st out of 120 statewide (source: Placer.ai).
- Attractive Investment Profile: Offers low operating expenses, minimal maintenance requirements, and low tenant turnover costs, providing a strong foundation for consistent income.
- Value-Add Potential: Significant opportunity to enhance revenue by developing additional storage units or incorporating premium services such as climate-controlled storage.
- Parking: Surface
Listing Contacts
Listed by CMP Real Estate Group
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