709 S Main St, Westby, WI 54667
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
Industrial
$11,000.00
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 |