54000 Highway 82 W, Itta Bena, MS

Name: 54000 Highway 82 W, Sold in Itta Bena - Zoocasa
Brand: MR. LANDMAN
SKU: 12717224
Price: 100000 USD

House

Sold

Listed price in listed location currency (USD).

$86,000

$100,000

000

MLS® 12717224

Overview

Key Facts

Type

Levels Commercial Sale

Size -

Garage

Taxes $1,300

Lot Size 1.1 Acres

Approx. Age 1998

MLS® Number 12717224

Property Address: 54000 Highway 82 W, Itta Bena, MS, 38941

Average square foot calculated using Size range provided by listing agent.

Description

Excellent opportunity to acquire a value-add self-storage facility at an attractive basis. Located at 54000 US Highway 82 in Itta Bena, Mississippi, the property sits along one of the region's primary east-west corridors with approximately 9, 000-12, 000 vehicles passing the site daily. The facility is just minutes from Greenwood, Mississippi, providing convenient access to a regional trade area while benefiting from excellent highway visibility. The property also offers quick access to Mississippi Valley State University and surrounding communities. Offered at just $100, 000, the property is priced well below today's replacement cost, creating an attractive opportunity for investors seeking a low-basis acquisition with significant upside potential. The facility consists of 40 non-climate-controlled storage units configured as follows: * 20 - 10' x 10' * 17 - 10' x 5' * 1 - 10' x 15' * 2 - 10' x 20' Currently, only six units are occupied, providing a substantial leaseup opportunity for an owner willing to implement professional management and marketing. The facility is enclosed by a security fence with gated access and is equipped with solar lighting throughout the property. Unlike many stabilized self-storage facilities, the property currently has virtually no digital presence. It is not operating on a management software platform, has no online rental capability, website, Google Business Profile, or third-party listing exposure. A new owner has the opportunity to significantly improve occupancy through basic operational enhancements, online marketing, revenue management, and improved customer accessibility. Following stabilization, the site also offers a modest opportunity for future expansion, providing additional long-term upside. This offering represents an excellent opportunity for an owner-operator or investor looking to acquire an affordable self-storage facility with meaningful value-add potential, strong highway exposure, and multiple avenues for increasing revenue. Seller financing is not available. Greenwood Storage (Value-add Opportunity): * Below replacement cost acquisition * Only 15% occupied (6 of 40 units leased) * High-visibility US-82 location (9, 000-12, 000 VPD) * Minutes from Greenwood, MS * Security fence & gated access already installed * Solar lighting throughout the facility * Opportunity to implement management software and online rentals * Potential for future expansion after stabilization * Significant lease-up and revenue growth potential

MLS® Number12717224

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1998

Basement

Driveway

Garage Spaces

Heat

A/CNone

Extras

Map

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