1886 US Highway 17, Williamston, NC 27892

Highway Commercial Self-Storage | Value-Add Opportunity

Offered at $349,000, this ±4,794 SF self-storage facility on US Highway 17 presents a clear value-add opportunity with strong visibility, low operating costs, and flexible Highway Commercial zoning. The asset is well-suited for owner-operators or hands-on investors seeking yield with upside rather than a fully stabilized institutional deal.

Property Overview

• 13 total storage units

  • 7 small units – currently 100% occupied

  • 6 large units – currently vacant

• Potential Gross Rent at Stabilization: ±$2,850/month

• Current Small-Unit Income: ±$1,000/month

• Vacant Large-Unit Upside: ±$1,800/month

• Average Monthly Overhead: ~$300 (taxes, insurance, utilities, maintenance)

• Lot Size: 0.51 acres

• Year Built: 1995

• Zoning: Highway Commercial

Financial Snapshot (Context Matters)

• 2023 NOI: $13,027

• 2024 NOI: ~$6,000 (reflects vacancy in large units)

• Stabilized NOI potential increases materially once large units are leased

This is not a passive, fully stabilized storage facility—it is a straightforward lease-up play where filling six larger units drives the majority of upside.

Why This Property Works

• Prime US-17 frontage with consistent daily traffic

• Small units already validated by demand

• Very low expense profile

• Highway Commercial zoning allows alternative uses beyond storage

• Suitable for auto, HVAC, electrical, contractor, or service users who want to operate on-site while collecting storage income

• Priced below replacement cost

Use & Expansion Flexibility

In addition to storage, the zoning and layout allow the property to function as:

• Contractor or service yard

• Automotive or light service operation

• Hybrid owner-user + income property

• Expansion of storage or related commercial use (buyer to verify)

Investment Positioning

This opportunity is best suited for buyers who:

• Are comfortable with leasing vacancy for upside

• Want high visibility at a low basis

• Prefer control and flexibility over institutional pricing

• Are seeking an entry-level commercial investment with real yield potential

📄 See the attached brochure for site photos, traffic counts, and demographics

📞 Contact for rent roll details, expense breakdown, or to schedule a tour