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    102 Levitch Rd

    Newport, WA 99156
    • $475,000
    • STATUS: Pending
    • ON SITE: 28 days
    • ID#: 202024512
    Pending
    UPDATED: 77 min ago
    $475,000
    • 0
      BEDS
    • 2.53
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,476
      SQFT
    • $64
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2015
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    Seven Mile Self Storage is situated on 2.53+/- acres along the Pend Oreille River & US Hwy 20 in Newport, Facility hs 51 enclosed storage units Currently stabilized at +94% occupancy, the facility is primed for expansion and the demand for large enclosed units as well as covered Boat/RV Spaces cannot be understated. The 1.9+/- acres of vacant expansion land gives the buyer an opportunity to fulfill the current need with either covered/enclosed storage or simply outdoor parking. The only commercially zoned property between Newport and Usk with the right to expand self storage. Located near boat launch and river access. Management of the facility is not full-time and could easily operate via kiosk. security cameras and full property fence in place. High cap rate 7.66% on actual storage income.

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    © 2020 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2020-12-04T13:20:35.63.
    www.spokanehomeguy.com/homes/111623625
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    102 Levitch Rd Newport, WA 99156

    • Price: $475,000
    • Status: Pending
    • Updated: 77 min ago
    • ID#: 202024512
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.53
    Acres
    7,476
    SQFT
    $64
    $/SQFT
    2015
    Built
    Neighborhood:
    A943/181
    County:
    Pend Oreille
    Area:
    A943/181
    School District:
    Newport
    Property Description
    Seven Mile Self Storage is situated on 2.53+/- acres along the Pend Oreille River & US Hwy 20 in Newport, Facility hs 51 enclosed storage units Currently stabilized at +94% occupancy, the facility is primed for expansion and the demand for large enclosed units as well as covered Boat/RV Spaces cannot be understated. The 1.9+/- acres of vacant expansion land gives the buyer an opportunity to fulfill the current need with either covered/enclosed storage or simply outdoor parking. The only commercially zoned property between Newport and Usk with the right to expand self storage. Located near boat launch and river access. Management of the facility is not full-time and could easily operate via kiosk. security cameras and full property fence in place. High cap rate 7.66% on actual storage income.
    Exterior Features

    Access Gravel Exterior Metal Garage Size Other Lot Information Cross FncdLevelCorner Outbuildings Storage Shed Roof Metal

    Interior Features

    Basement No Basement

    Property Features

    Business Opportunity Yes Features Security Lights Heat Cooling See Remarks Lease No Real Property Yes Site Improvements See Remarks Taxes 1337.74 Terms ConvCash Use Type Self Storage Water Company Private

    Listing provided courtesy of American R.E. Associates, Inc.
    © 2020 of Spokane Association of REALTORS­® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS­® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2020-12-04T13:20:35.63.
     
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