Canal Road Storage for Sale
3818 Canal Road
Wooster, OH 44691
County: Wayne

8,760 sq ft
3.16 Acres

Price: $249,900
Price Per SF: $28.53
Cap Rate: 9.00%

Property Details

NON-DISCLOSURE AGREEMENT

This self storage business is an ideal opportunity for extra income or a chance to get started in the profitable self storage business. The seller is making it easy for a new owner to get started; a low selling price coupled with good occupancy makes this a money maker from the start. The owners are selling the business solely because of health concerns.

The business is well established and offers a variety of popular storage units priced at or below market rates offering the opportunity to increase profits by increasing prices. Self storage businesses are often operated on a remote basis. That is, the owner takes calls and can rent units over the phone or can arrange to meet tenants on an appointment basis. As a consequence, it' s easy for owners to continue with other employment while enjoying the additional income from the storage business. The current owners operate the business from their home and are including the well established telephone number with this sale.

Wooster is a fine college town located 25 miles West of Canton and 45 miles South of Cleveland. This property's location was enhanced a couple years back when US 30 was constructed. As a result of that construction, many roads were re-routed causing Canal Road to become a shortcut for area residents.

Financial Summary Proforma
Scheduled Gross Income: $32,280
Effective Gross Income: $29,000
Operating Expenses: $6,200
Net Operating Income: $22,800

call George Henshaw at (800) 997-7966

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