Land (C-2, 3.02 acres) + City-Approved Site Plans: $450,000

Land (C-2, 3.02 acres) + City-Approved Site Plans: $450,000
(all civil engineering work complete-- plans approved and development ready to begin):

Self-storage development is ready-to-go with this incoming facility in Northwest Arkansas.  Strategically positioned in Springdale, AR, this excellent 3.02 acre development opportunity boasts unmatched accessibility in a rapidly growing market. The land has recently received commercial zoning and City-approved site plans for a 45,500 SF self-storage facility will allow the buyer to begin development right away.  The area has seen unprecedented growth in recent years, making this an ideal moment to develop a self-storage facility to support the swell of new residents or a last-mile distribution location to serve commerce in Northwest Arkansas.

Development and construction are ready to begin. Unit mix can vary, but for example approximately 158 rentable units and 219 oversized parking spaces.  Projected annual gross revenues of over $350,000 and projected NOI over $245,000 arrive at a value of this leased-up facility at over $2,450,000 (assuming 10% cap rate).
Approved site plans available upon request
Satisfactory perc/soil test results available upon request
Option for seller to continue as manager / consultant (separate agreement)
Seller is licensed real estate salesperson in AR