Mini Storage & Bazaar - Cash Flow + Equity Play - Coastal North Carolina
Emerald Isle, North Carolina (Carteret County)
Moving, Storage and Delivery - Self Storage
Asking Price:   $899,000Inventory:   
Gross Revenue:   Not DisclosedReal Estate:   n/a
Cash Flow:   $99,762FF&E:   n/a
++ included in the asking price         ** not included in the asking price
This property provides a nice cash flow and nearly runs itself. Financing is available. This truly is a rare opportunity to own a bazaar and mini-storage just five minutes from Emerald Isle Beach, NC. In addition to a consistent current income from the bazaar and mini-storage property, there is room for expansion. Seventy five units can be added on the existing property. There is also an adjoining lot of .75 acres which includes 223' of road frontage for an additional $145k. The economy of the area is extremely strong. The drivers of this economy are affordable coastal living in Carteret County and the dramatic growth of Camp Lejeune Marine Base in neighboring Onslow County. Within five miles are two new Walgreens, a new Lowe's, several new banks & restaurants, new Walmart, and just two miles away is the largest sports complex on the east coast. Also, within minutes are golf courses, health clubs, medical offices, large existing waterfront communities and five new housing developments underway. Also available separately for a price of $275K, is 14 acres of high ground with electric, city water, and two miles from water access.
About the Business
Year Established:2002
Facilities:The property consists of 2.03 acres holding the bazaar building 60' X 100' and three 20' X 150' storage buildings. Occupancy 100%. Seventy five units can be added on the existing property. There is also an adjoining lot of .75 acres which includes 223' of road frontage for an additional $145k.
About the Sale
Reason For Selling:Owner's wish to travel more
Attached Files - Attachment Disclaimer
Appraisal280 KDownload
Adjoining Property312 KDownload
Plot Map102 KView  |  Download

KEYWORDS: cash, storage, beach, bazaar, coastal


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