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1615 Us 301 Hwy N

Dillon, SC 29536
  • $1,345,000
  • STATUS: Active Under Contract
  • ON SITE: 95 Days
  • MLS #: 20220556
Under Contract
UPDATED: 60 min ago
$1,345,000
  • 0
    BEDS
  • 3.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,688
    SQFT
  • $175
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2021
County:
Area:

School Ratings & Info

Description

Self-storage Portfolio and Development Opportunity at Railway Storage in Dillon! Grand Junction Storage, approximately 1 mile away, with 14244 sq. ft. self-storage is also being offered by owners (see MLS # 20220487). Railway Storage has 3.17 acres of cleared, level general commercial acreage in the path of progress on US Hwy 301 N in Dillon just 4 minutes from I-95. At Railway, 5,000 square feet of new self storage construction less than 6 months old is 97% occupied. 2,000 square feet of new self-storage units less than 2 months old > 50% occupied. 5,000 square feet of new self-storage units are in route for construction. After construction will be 124 units comprising 12,000 sq. ft. at Railway Storage. New on-site 288 sq. ft. office. With additional 5,000 sq. ft. of storage erected and leased up, Railway Storage is offered at 6.3% cap rate, with increased rents, 7.4% cap. Value add opportunities include: build 20,000-30,000 additional square feet of self-storage on vacant acreage; add website for on-line reservation, payment, sales of merchandise, insurance and advertising; add security - e.g., fencing, indoor units to justify increase in rent per sq. ft. and to establish remote management efficiencies; raise rents; and/or subdivide and ground lease/build to suit. New owner can operate both facilities, right now to be 26,244 sq. ft., out of either Grand Junction or Railway Storage, for efficiencies of scale. With room for 5,000 additional sq. ft. at Grand Junction, can scale up to 55,000-60,000 sq. ft. total self-storage at both locations. For detailed, confidential offering memorandum contact Bill Tuck at (843)260-6915 or williamtuck@icloud.com. Property viewed by appointment only.

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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of The Realtor Association of the Greater Pee Dee. Data last updated: 2022-05-27T23:36:43.96.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable, but not guaranteed. Neither The Realtor Association of Greater Pee Dee, nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information. The buyer is responsible for verifying all information. This information is provided by The Realtor Association of Greater Pee Dee for use by its members and is not intended for the use for any other purpose.
www.coldwellbankerflorence.com/homes/126016180
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1615 Us 301 Hwy N Dillon, SC 29536

  • Price: $1,345,000
  • Status: Active Under Contract
  • On Site: 95 Days
  • Updated: 60 min ago
  • MLS #: 20220556
0
Beds
0
Baths
0
½ Baths
3.17
Acres
7,688
SQFT
$175
$/SQFT
2021
Built
Neighborhood:
Dillon
County:
Other
Area:
Dillon
Property Description
Self-storage Portfolio and Development Opportunity at Railway Storage in Dillon! Grand Junction Storage, approximately 1 mile away, with 14244 sq. ft. self-storage is also being offered by owners (see MLS # 20220487). Railway Storage has 3.17 acres of cleared, level general commercial acreage in the path of progress on US Hwy 301 N in Dillon just 4 minutes from I-95. At Railway, 5,000 square feet of new self storage construction less than 6 months old is 97% occupied. 2,000 square feet of new self-storage units less than 2 months old > 50% occupied. 5,000 square feet of new self-storage units are in route for construction. After construction will be 124 units comprising 12,000 sq. ft. at Railway Storage. New on-site 288 sq. ft. office. With additional 5,000 sq. ft. of storage erected and leased up, Railway Storage is offered at 6.3% cap rate, with increased rents, 7.4% cap. Value add opportunities include: build 20,000-30,000 additional square feet of self-storage on vacant acreage; add website for on-line reservation, payment, sales of merchandise, insurance and advertising; add security - e.g., fencing, indoor units to justify increase in rent per sq. ft. and to establish remote management efficiencies; raise rents; and/or subdivide and ground lease/build to suit. New owner can operate both facilities, right now to be 26,244 sq. ft., out of either Grand Junction or Railway Storage, for efficiencies of scale. With room for 5,000 additional sq. ft. at Grand Junction, can scale up to 55,000-60,000 sq. ft. total self-storage at both locations. For detailed, confidential offering memorandum contact Bill Tuck at (843)260-6915 or williamtuck@icloud.com. Property viewed by appointment only.
Exterior Features

Bays 74

Interior Features

Ceiling Height 13 Restrooms 1

Property Features

Site Location County Type Commercial

Listing provided by William Tuck of Greystone Properties, Llc: . © 2022 The Realtor Association of the Greater Pee Dee.
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of The Realtor Association of the Greater Pee Dee. Data last updated: 2022-05-27T23:36:43.96.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable, but not guaranteed. Neither The Realtor Association of Greater Pee Dee, nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information. The buyer is responsible for verifying all information. This information is provided by The Realtor Association of Greater Pee Dee for use by its members and is not intended for the use for any other purpose.
 
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