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24455131
24455132

5689 State Hwy 290 CHILD, McKee, KY 40447

RL
KY KY 265585
KW Commonwealth
Listed by KW Commonwealth
$650,000
336 days on market
Updated 67 days ago

Highway 290 Storage CHILD

Details
Property Type Self Storage
Sub Type Business
Square Footage 18,989
Net Rentable (SqFt) 18,989
Units 52
Cap Rate 7.60%
Occupancy 94%
Tenancy Multi
Lease Type Gross
Year Built 1979
Year Renovated 2018
Buildings 6
Stories 1
Acreage 3.500
Zoning Rural
Parking Spaces 10 spaces
Parking Per SqFt 0.53
Investment Type Net Lease
Occupancy Date 07/04/2025
Ceiling Height 25
Ownership Owner Operated

Self Storage | 7.60% CAP | 52 Units

Marketing description

Investment business with 94% occupancy. Storage unit sizes are: 4 - 8'x9'; 2 - 8'x10''; 24 - 10'x10'; 12 - 10'x12'; 9 - 8.5'x14'; 1 - 14'x30' for a total of 52 units. The wooden barn has 3744 square feet with 3 driveways and 3 storage bins on one side. The barn was constructed with a block and concrete foundation. The 32' x22' apartment has 2 bedrooms with 2 bathrooms attached to a 36' x 60' garage. The apartment has double insulation in the ceiling and walls. The 72'x 84' red building/barn has a 14'x36' storage unit that is being used for personnel storage by the owner. The 72'x 84' building can also hold approximately 5 RV units. There is a security system with 8 cameras installed that will convey with the sale. Access to the property is by a blacktop and gravel driveway, all on approximately 3.50 + acres. Seller request 30 days to remove personnel items from large buildings. The buyer/new owner can take possession of the rental property at the time of closing. There is some equipment that can be purchased separately from the purchase of the property. The property has room to add more storage units, apartments or houses.

Listing Contacts

RL
KY KY 265585
KW Commonwealth
Listed by KW Commonwealth

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Additional Information

Name
Robert Linville
License
KY 265585
Brokerage
KW Commonwealth
Brokerage Phone
859-721-2121
Title
Bo Smith
Brokerage Address
1908 Bryant Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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