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Listed by Clinton Walker • Mountain Realty
$ 1,999,990
Est. payment | /mo
1 SqFt
$ 1,999,990
Est. payment | /mo
1 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $1,999,990
MLS Listing ID 98931690
HOA Y/N No
Lot Size 3.890 Acres
Acres 3.89
Source IMLS 2
Property Description
Discover an extraordinary investment opportunity on 3.89 acres in the heart of Caldwell. Fully approved 419 enclosed storage units, 3 versatile flex units, and an on-site house—perfect for a manager's residence or office. The diverse unit mix caters to personal, business, and specialty storage needs, ensuring high demand in a rapidly growing area. Based on conservative assumptions, at an 8% cap rate the stabilized value is projected to be around $4.9 million. Under more favorable market conditions (a 6% cap rate), the value could exceed $6.55 million.With all approvals in place, you'll save time and effort, accelerating your path to profitability. Strategically located in Caldwell, a city experiencing robust growth and rising demand for secure, convenient storage, this property offers investors a rare chance to own a high-performing asset.
Location
State ID
County Canyon
Area Caldwell Sw - 1280
Direction On Indiana between Locust & Cherry
Interior
Fireplace No
Building
Lot Description 1 - 4.99 Acres
Faces On Indiana between Locust & Cherry
New Construction No
Others
Senior Community No
Tax ID 04041000 0
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