Property Description

This offering presents the opportunity to acquire a modern, income-producing, climate-controlled self-storage facility situated on a large 6.5-acre site along one of Morristown's primary commercial corridors. The property combines immediate operating income with exceptional long-term upside, making it well suited for investors, owner-operators, and developers seeking both yield and growth.The existing facility is newly constructed and designed as a Class A indoor storage operation, featuring secure, climate-controlled units with controlled access. The business is already established and generating revenue, supported by strong local demand for clean, secure storage serving nearby residential neighborhoods, downsizing households, contractors, and small businesses. The property's location provides excellent visibility and easy access, helping drive consistent customer traffic and long-term competitiveness.A major advantage of this offering is the scale of the underlying land. The current storage buildings occupy only a portion of the 6.5-acre parcel, leaving substantial usable acreage for expansion. A new owner has the ability to significantly increase income and value by adding additional indoor climate-controlled storage buildings, developing outdoor or covered storage for boats, RVs, trailers, and recreational equipment, or constructing complementary industrial improvements such as small warehouses or flex space that align naturally with the existing storage use.The site's frontage, layout, and access support multiple development strategies, allowing an investor to phase expansion over time while benefiting from rising rental rates and increasing replacement costs. As construction costs continue to climb, acquiring an existing Class A facility with excess land provides both operational efficiency and long-term protection against new competition.This property offers a rare combination of stabilized operations, expansion flexibility, and land-backed value in a growing East Tennessee market. It is an ideal acquisition for buyers seeking an income-producing asset today with the ability to materially enhance returns through thoughtful future development.

Property Features