Lake Alfred Packing House Self Storage

Introducing a prime investment opportunity in the Lake Alfred area. This historic distinguished property boasts a 51,148 SF building featuring 11,410 SF - 160 Brand New Self Storage Units, 246 Mailbox Rentals, 2 Apartments, almost 24,000 additional retail and storage SF, offering versatility and potential for income generation or expansion. Owner has installed a Fire Sprinkler System that will protect 22,000 SF which will cover the Storage Warehouse Units and additional areas of the building. Owner is in the process of reroofing 4,500 SF (notice the roof aerial). This building is making money and is on the cusp to currently double the cashflow in a few months. Owner also has plans to add an additional 188 (13,406 SF) additional Storage Units. The current situation plus the future expansion of interior retail and storage space has the potential to create an additional income stream in excess of $80,000/month. Built in 1922, the historic charm of the building is complemented by a C2 and MU (FLU) zoning designation, accommodating a variety of commercial uses. Located in the thriving Lake Alfred area, this property presents an unparalleled chance to invest in a well-established community with promising growth prospects. Embrace the character and possibilities of this exceptional property, strategically positioned for success in a sought-after location.

• Building 51,148 sqft,
• Downtown 2.16 Commercial Acres
• Warehouse 49,228 sqft.
• Warehouse - NEW Fire Suppression System $170,000 (22,000 sqft.)
• Warehouse - Munters Industrial Humidifier and Ducts $116,000
• Warehouse - 15 High CFM Commercial Fans
• Electric - 460/3 Phase - 3 New Subpanels
• Owners Apartment 1644 sqft.
• Managers Apartment 908 sqft
• Office 863 sqft.
• 160 Self Storage Units + plan for 188 additional in future
• 246 Mailbox Rental Units
• Interior Retail Units for Lease
• 1/2 Acre Yard for exterior storage rental space.

For more information please visit: Saunders Real Estate