Williamsburg, OH 45176,15256 Karampas Ln
Williamsburg, OH 45176,15256 Karampas Ln
Williamsburg, OH 45176,15256 Karampas Ln
$1
Est. payment /mo
$3,495,000
100.0%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

440 SqFt
SOLD DATE : 03/08/2024

Key Details

Sold Price $1

Property Type Commercial

Sub Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 440 sqft

Price per Sqft $0

MLS Listing ID 1785908

Sold Date 03/08/24

Year Built 2002

Annual Tax Amount $11,823

Lot Size 5.800 Acres

Lot Dimensions 530x480

Property Sub-Type Commercial

Source Cincinnati Multiple Listing Service

Property Description

Incredible Investment opportunity in recession resilient, self-storage industry. This stabilized asset has experienced growth consistently since the first buildings were constructed in 2002. Currently at 89.2% physical occupancy even after adding the newest building in 2022. This facility features nearly 61,000 sq. ft. under roof (see unit mix below), 5.8 acres of total acreage which includes 1+ acre of buildable ground for future expansion (at least one more 30x360). The facility contains 390 self-storage units ranging from 5x10 to 10x30. The construction allows for interior walls to be modified so operators can adjust unit sizes to market demands. The current operator rents 8 outdoor slips but has the ability to more than double this amount. Add tens of thousands of dollars to the bottom line by bringing all units up to market rent without adding expenses. Extrapolating current 2023 sales data indicated gross sales of ~$322,778.

Location

State OH

County Brown

Area Brown-E11

Zoning Commercial

Rooms

Basement None

Interior

Heating Electric

Cooling Wall Unit

Exterior

Parking On Site 30

View Y/N No

Water Access Desc Public

Roof Type Metal

Building

Faces St Rt 32 East. Left on Eastwood Rd. Right on Karampas Ln. Property located at the end of the road.

Foundation Slab

Sewer Septic Tank

Water Public

Level or Stories One

New Construction No

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Cincinnati MLS (CincyMLS)
Listed by J.A. Trautmann Realty, Inc., W
Bought with Wright Property Advisors LLC

GET MORE INFORMATION

Dan Young

Dan Young

+1(513) 405-9595

Agent | License ID: 2002020581

Agent License ID: 2002020581

Name

Phone*

Message