bypass storage

605 US-29 , Anderson, SC, Anderson 29621

Self Storage

Added: 2021-03-12

Active $749,000

Opportunity Zone! SVN is pleased to offer for sale US-29 Bypass Storage located in Anderson, South Carolina. The property is a value-add opportunity with existing storage plus approved expansion plans to expand to just under 54,000 SF in an under-served and growing market. The property is fenced with an electronic gate and features 44 units plus an office and manager's apartment. Bypass Storage is located in the dynamic market o Anderson, SC. Anderson, SC is located at the halfway point between Atlanta and Charlotte on the booming I-85 corridor. Bypass Storage has high visibility and strong drive by traffic with frontage on both US-29 and Williamston Rd. Full site plans and a feasibility study are included in this package. The feasibility study shows that this site is a strong development location with limited competition. The SF per capita in the 3 mile radius is 4.2 SF per person.

Listing contacts

Kristen Asman
SVN | Wilson Commercial Group, LLC
(614) 370-9077

Median household income (5-mile radius) 46,805

Renters occupied (5-mile radius) 40%

Num of competitors (5-mile radius) 17

Sq.Ft. per capita (1-mile radius) 25.05

5x5 unit average price $45

5x10 unit average price $70

10x10 unit average price $109

Pro-Forma Cap Rate 7%

Number of units 44

Number of floors 1

Lot Size (acres) 3.5

Room to expand yes

Rentable 5,936 SF

Year Built 1997

Analyze the location

Feasibility study

S A L E P R I C E : $ 7 4 9 , 0 0 0
S F U P O N C O M P L E T I O N : 5 3 , 9 5 0 S F
L O T S I Z E : 3 . 5 A c r e s
E X I S I N T I N G S T O R A G E : 6 , 0 0 0 S F
W E B S I T E : w w w . B y p a s s S t o r a g e U n i t s . c o m
S T A B I L I Z E D N O I : $ 3 2 5 , 0 0 0
S T A B I L I Z E D V A L U E : $ 5 , 0 0 0 , 0 0 0
U N I T S U P O N C O M P L E T I O N: 3 4 0

Keywords
Self Storage For Sale Opportunity Zone Value Add South Carolina

Drive Time:

▣ 0-5 minutes
▣ 6-10 minutes
▣ 11-15 minutes
▣ 16-20 minutes

bypass storage

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