5689 State Hwy 290
McKee, KY 40447

Description

Presenting Highway 290 Storage, a fully operational and established storage business situated on 5.54 acres in Jackson County. Boasting a highly stable 94% average occupancy rate, this income-producing asset features 52 traditional storage units, expansive barn structures with RV storage potential, and a 2-bedroom onsite apartment. With room to add additional storage units, apartments, or housing, this property offers incredible upside and expansion potential for an astute investor.

Property Snapshot

• Average Occupancy: 94%
• Zoning: R1 (Rural/Commercial)
• County: Jackson

Facility Breakdown

• 52 Storage Units: Ranging in size from 8'x9' to 14'x30', offering a diverse mix to meet local tenant demand.
• Onsite Apartment & Garage: A 32' x 22' 2-bedroom, 2-bathroom apartment featuring double insulation. Attached to a spacious 36' x 60' garage, ideal for an owner-operator or additional rental income.
• Wooden Barn: 3,744 SF structure built on a robust block and concrete foundation, featuring 3 driveways and 3 side storage bins.
• Red Building / RV Barn: Massive 72' x 84' structure capable of holding approximately 5 RV units. Currently houses a 14' x 36' unit used for owner storage.

Key Highlights & Features

• Security System: An 8-camera security system is fully installed and conveys with the sale.
• Value-Add Expansion: Plenty of acreage available to expand the facility with more storage units, housing, or apartments.
• Accessibility: Easy access via blacktop and gravel driveways, located right off Highway 290 and just 21 miles from I-75.
• Equipment: Additional equipment is available to be purchased separately from the real estate.

Listing Details

• Property Use Type: Business / Investment

*Please Note: Buyer takes immediate possession of the rental property at closing. Seller requests 30 days post-closing to remove personal items from the large buildings.