Lender-Owned Self-Storage Property With Additional Income

Economy Self-Storage offers a compelling value-add opportunity in the expanding Augusta, Georgia market. This lender-owned asset is strategically positioned along a high-traffic corridor with approximately 25,486 vehicles per day, providing strong visibility and accessibility. Situated on ±2.4 acres and zoned B2, the property includes approximately ±11,290 square feet of rentable area across three buildings, comprising ±8,980 square feet of storage space and ±2,310 square feet of office space.

The facility features 122 non-climate-controlled storage units and two ±1,155-square-foot office suites, one of which is currently leased while the other presents additional lease-up potential. Currently 26% occupied, the property was historically well-leased and has recently transitioned to new professional management, with early indications of positive leasing momentum.

In addition to storage income, the property benefits from multiple revenue streams, including office rental income, a lease with Wow Way West Utility Station generating approximately $3,000 annually, and potential parking income through a U-Haul contract that can generate approximately 15% of lease-related revenue. Offered at $595,000 ($53 per square foot), this bank-owned foreclosure represents a significant repositioning opportunity for investors seeking to drive occupancy, increase rents, and capitalize on Augusta’s growing population of 31,916 residents within a three-mile radius.