21715 State Hwy 131Phippsburg, CO 80469

For Sale
$820,000

Established storage business with high occupancy.

Overview

Added:
Feb 3
Days on market:
37
This exceptional investment opportunity presents a well-established self-storage facility located at 21715 State Highway 131 Unit NA, Phippsburg, CO. The property sits on a 0.28-acre lot and boasts a two-story building comprising 40 units of varying sizes. Unit sizes range from compact 5'x10' units to larger 15'x20' garages, catering to a diverse range of storage needs. The facility enjoys a prime location on US 40 in Phippsburg, making it highly accessible to Routt County residents and those traveling for recreational activities in the surrounding areas. Historically, occupancy has averaged approximately 90%, demonstrating strong demand and consistent revenue generation. The streamlined operations are further enhanced by an online reservation and payment system, simplifying management and maximizing efficiency. This turnkey business offers a substantial cash flow with significant upside potential. Opportunities for growth include increasing occupancy rates and adjusting lease rates to reflect market conditions. The robust financial performance is underpinned by the consistently strong performance of the storage industry, coupled with the growing population of Routt County and the increasing demand for storage solutions among outdoor enthusiasts needing space for seasonal equipment and belongings. This presents a rare chance to acquire a proven, profitable business with a solid foundation for continued success.

Property Details for 21715 State Hwy 131

Property type
Other commercial real estate
Year Built
2001
Lot Size (sq. ft)
12,197 SF

Location Insight

City
Phippsburg
County
Routt
State
Colorado
Latitude
40.23399
Longitude
-106.9438
21715 State Hwy 131, Phippsburg, Colorado

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21715 State Hwy 131
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