100-unit storage facility located on highly trafficked Route One in Arundel. The property consists of five self-storage buildings, an office building built in 2020 with reception area, kitchenette, corner office and half bath, plus a 6,300 SF...
$1,750,000
12,704
Sq Ft.
Interior
2.68 Acres
Exterior
Commercial
Property type
1562457
Web Id
1562457
MLS ID
Regional School Unit 21
School District
2.5000
Buyer Agency Compensation
About 2501 Portland Road
100-unit storage facility located on highly trafficked Route One in Arundel. The property consists of five self-storage buildings, an office building built in 2020 with reception area, kitchenette, corner office and half bath, plus a 6,300 SF gravel area that could be used for additional outdoor storage. Units range in size from 5x7 up to 10x20. One of the units is a 20x30 heated space that is currently owner-occupied and could potentially be broken up into more storage units. The property is entirely fenced in and offers 24-hour keypad access via a locked gate.Arundel Self Storage was purchased by the current owner in 2020 and has continued to be well-maintained. Historically, the business has had a high occupancy rate and is 90% occupied as of January 2024. Set on 2.68+/- acres, there may be the possibility of constructing one more building to add more units subject to town approval.
"Listing Courtesy of Keller Williams Realty, MREIS MLS"
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.