$475,000

102 Levitch

Newport WA, 99156

Description

Seven Mile Self Storage is situated on 2.53+/- acres along the Pend Oreille River & US Hwy 20 in Newport, Facility hs 51 enclosed storage units Currently stabilized at +94% occupancy, the facility is primed for expansion and the demand for large enclosed units as well as covered Boat/RV Spaces cannot be understated. The 1.9+/- acres of vacant expansion land gives the buyer an opportunity to fulfill the current need with either covered/enclosed storage or simply outdoor parking. The only commercially zoned property between Newport and Usk with the right to expand self storage. Located near boat launch and river access. Management of the facility is not full-time and could easily operate via kiosk. security cameras and full property fence in place. High cap rate 7.66% on actual storage income.

Details

MLS#202024512
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year2015
Days On Site122

Features

SQ Feet7,476
Story(s)1
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Area Information
StateWA
CountyPend Oreille
CityNewport
Zip Code99156
AreaA943/181
Listing VS Median (in 99156)
Price:
$475,000
low | high
Med:
$185,300
100% of Average
SqFt:
7,476
low | high
Med:
0
100% of Average
$ / SqFt:
$64
low | high
Med:
$0
100% of Average
On Site:
122
low | high
Med:
10
100% of Average
Sourced by Back At You
Listing Updated: March 5, 2021 8:06:43 PM PST
Ryan Layton LogoMLS Number: 202024512
Listing Provided By:
Ryan Layton  of  American R.E. Associates Inc

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