2744 Augustine Herman HwyChesapeake City, MD 21915

This exceptional self-storage development opportunity in Chesapeake City, MD, is offered at $925,000. The site plan is approved for a state-of-the-art 50,300-square-foot facility with 503 units, offering a mix of climate-controlled and drive-up options. Located on Augustine Herman Highway (10,000+ ADT), this project benefits from high market rents and a lack of competition within a 3-mile radius. Market analysis shows only 2.5 square feet of self-storage space per person within a 5-mile radius. The development is ideally situated near a local middle and high school and will thrive due to its proximity to the Southfields of Elkton project, a large mixed-use development encompassing 630 acres with residential, retail, commercial, and recreational components. The planned facility will incorporate modern security systems and convenient amenities, ensuring tenant satisfaction. This investment presents a strong return potential in an underserved market with an average household income exceeding $138,000 and over 9,000 cars passing daily. The property's total gross square footage is 59,950 square feet, with a price per square foot of $15.43 and a price per unit of $1,839. This is a turnkey opportunity to capitalize on the growing demand for self-storage solutions in a vibrant and expanding community.