Sterling, CO 80751,820 Douglas ST
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Sterling, CO 80751,820 Douglas ST
Sterling, CO 80751,820 Douglas ST
Sterling, CO 80751,820 Douglas ST
Sterling, CO 80751,820 Douglas ST

$265,000

Est. payment /mo

$324,000

18.2%
Est.Price: ?

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820 Douglas ST Sterling, CO 80751

SOLD DATE : 01/25/2023

Key Details

Sold Price $265,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 5263239

Sold Date 01/25/23

HOA Y/N No

Originating Board recolorado

Property Description

Business for Sale - Semi-passive Income Storage Business Facility with Real Estate chocked FULL of wonderful upside and growth potential! Locally owned, (currently AGENT OWNED) and operated, A1-Mini Storage, located at 820 Douglas St. in Sterling, CO is a 2 building mini-storage facility serving the Sterling and NE Colorado area with various sized unit offerings for rent from 5ft X 5ft units up to the largest unit offered at 10ft X 30ft. Huge upside potential with lot space included for the availability of adding an additional building to the location. The business growth potential of adding the third building to the books and potentially adding 33% more rental product and gross revenue, along with the chance to modify of one of the existing buildings to easily change the unit configurations to maximize rental income and give more market desirable unit sizes is HUGE. At average, 60% - 80% rental occupancy along with rental pricing in the lower tier of the market, for the area gives the new owner the chance to do better marketing and increase rent rates to create Big upside to the bottom line. Financials and more info available upon request. Seller is requiring a signed NDA to release the financial information to interested parties. For simple evaluation info, the Business has Approximate 7% CAP Rate at 80% Full with current rent pricing. Please contact Listing Agent/Owner, Scott Schaefer with Keller Williams Realty Downtown for showing availability and NDA process for access to more info. Buyer and Buyer"s Agent to verify all information. *Business and Property is owned by a Colorado Licensed Real Estate Agent.*

Location

State CO

County Logan

Zoning Comm/Mixed Use

Interior

Fireplace N

Others

Special Listing Condition None

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REColorado (REColorado MLS)
Listed by Keller Williams Realty Downtown LLC
Bought with Keller Williams Realty Downtown LLC

Linette Nye Schmidt

Broker Associate | License ID: FA.100086260

+1(719) 588-1636

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