21715 State Hwy, Phippsburg, CO 80469
5,760 SF Specialty Building Offered at $820,000 in Phippsburg, CO 80469
For Sale
Active
Asking Price $820,000
- Property Type
-
Specialty
- Square Feet
- 5,760 SF
- Price / Square Foot
- $142
Listing Contacts
Chris Sias
Property Overview
On US 40 in Phippsburg, Flat Tops Storage is well-located for Routt County residents, as well as anyone traveling south or west for recreation. The two-story building has 40 units in varying sizes from 5’x10’ units to 15’x20’ garages. Historical occupancy is approximately 90% and reservations and payments are managed on-line. The business has a strong cash flow and upside potential via additional occupancy or increased lease rates on the garages. This is an established, turn-key opportunity for someone looking to acquire a business with strong fundamentals and proven cash flow. Storage business continue to do well and experience low vacancy rates as the population of Routt County grows with outdoor users needing to store seasonal toys, equipment and personal belongings.
Property Details
- Class
- B
- Year Built
- 2001
- Stories
- 2
- Property Subtype
- Self-Storage
- Lot Size (sq. ft)
- 12,197 SF
Highlights
- On-Line Management System
- Potential to Increase Rents
Nearby Properties
Similar Properties
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