$1,250,000
MLS #: 1973590

Description of 709 S Main St, Westby, WI 54667

New steel roofs installed on all buildings! Rare opportunity to acquire a well-maintained 123-unit self-storage facility with tremendous value-add potential on 4.5+/- acres! The property is in very good physical condition, but the current owner has not had the time to actively manage the facility or maximize rental income. A new owner with strong operational focus can unlock significant cash flow through market-rate rents and improved management--creating substantial instant equity. Based on projected market rents and estimated operating expenses, the property offers an estimated PRO FORMA 10.62 perc cap rate. Nearly 2 acres of green space to build more units! A quality asset with exceptional upside that's becoming increasingly difficult to find. Property sold AS IS.

Property Features of 709 S Main St, Westby, WI 54667

Listing courtesy of: eXp Realty LLC
TYPE
Industrial
Annual Taxes
$11,000.00
Acres
4.5
Features
Lot acreage is: 4.5
Lot sqft: 196020
Lot zoned: Commercial
Road frontage: City Street
Metal roof
Public sewer
Public water
For sale
Tax year: 2024
Business type: Storage

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