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- LoopNet Team
7317 Highway 7
Bismarck, AR 71929
Solid Rock Storage, Bismarck AR - 3 Sites · Specialty Property For Sale · 30,000 SF
Investment Highlights
- Top Rated Storage Facility with 3 Locations in city center. No competition within approximately 5 miles and limited in 10 miles.
- Rates about 30% below market with a proven history of an average 30% annual revenue increase from 2020 to 2022
- Almost 5 acres available for new construction. Approximately 2 acres are cleared and exevated in preperation for more buildings
PROPERTY FACTS
| Property Type | Specialty | Building Size | 30,000 SF |
| Property Subtype | Self-Storage | No. Stories | 1 |
| Building Class | C | Year Built | 2014 |
| Lot Size | 10.88 AC | Parking Ratio | 0.67/1,000 SF |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 10.88 AC |
| Building Size | 30,000 SF |
| No. Stories | 1 |
| Year Built | 2014 |
| Parking Ratio | 0.67/1,000 SF |
Amenities
- Property Manager on Site
About 7317 Highway 7 , Bismarck, AR 71929
Self-Storage+ For Sale. 3 Sites + 5 Acres Expansion. No Comp/No Zoning + High Income Laundromat/Top Rated in 30+ Miles/5 Miles to State Park 47,950 NRSF Immediate income upsell opportunity with units running 23-38% below area rates. The business has enjoyed an average 30% NOI annual increase from 2020 to 2022. 96% full 298 Units 10.88 Total Acres from 3 facilities all within 1/4 mile of each other and the city center. There are approximately 5 acres available for expansion 2 acres along the busy highway frontage are cleared & excavated ready to build. There are NO ZONING OR PERMIT REQUIREMENTS TO BUILD. There is no competition, nor known planned competition, within almost 5 miles and very limited comp within 10 miles. Buildings are built between 2002 and 2017 with the average built in 2014 On-site manager's residence plus an extra 2-bedroom apartment with a long-term (5+ year), low maintenance, tenant on auto-pay. Top-rated Laundromat provides additional steady revenue https://www.diamondlakeslaundry.com/
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $286,694 | |
| Land Assessment | $73,445 | Total Assessment | $360,138 |
PROPERTY TAXES
zoning
| Zoning Code | None (There are no zoning or permit requirements) |
| None (There are no zoning or permit requirements) |
