Approved Self Storage Land for 308 Units
FOR SALE | Approved Self Storage Land for 308 Units
Marketing description
Located just off I81 exit 37 at Newville, this parcel sees 8,800 Cars Per Day. The property is fully approved and recorded for a self-storage development of 308 Units.
The land is fairly level and completely open. The plan does not call for any sewer or water facilities, though public utilities are available on the street. The project shares a driveway with adjoining parcel for access.
The plan is 14 buildings, which are made up of 196 (10x10’) units, and 112 (5x10’) units, and was designed for efficiency of building and operations.
The Carlisle/Newville/Shippensburg area has a growing population in Cumberland County being named the fastest growing County in the state over last few years. The average Household Income is $110,000 per year.
Investment highlights
4.53 Acres approved for a self-storage development
Plan was just recorded and project is ready to build
Total of 308 Units
14 Buildings
Projected NOI of $194,000
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