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Investment Highlights

  • Lots of investment potential.
  • Combination of self storage, garages, and industrial buildings on site.
  • New automated gate system.
  • Self-storage business has a newly redesigned website and streamlined operations.

Executive Summary

7.86% Cap! Rare, turnkey self-storage and industrial income property now available in the growing Etowah/Flat Rock corridor. 130 Oakland Hill Drive offers an investor or owner-user a stabilized self-storage operation (40 units), two contractor garages, open-air RV/boat/trailer storage, and a main industrial building with immediate vacancy - ready for owner occupancy or lease-up on day one. The current operator runs a car detailing business out of the main building and will vacate upon sale, giving the new owner a clean slate for their own use or the opportunity to capture market-rate lease income on a purpose-built industrial space. Pro forma NOI of $55,000 is well-supported by three years of trailing financials. 2025 reflects one-time capital improvement expenditures that normalize in a stabilized year, with meaningful add-backs available to the underwriting-minded buyer. Full financials attached. There is genuine additional upside for a buyer who leases the main building or pushes rents on the storage inventory. Current ownership has invested meaningfully in the business and physical infrastructure - new automated gate system, redesigned website, and streamlined operations. The asset weathered Helene with no flooding, and is well-positioned for a new owner to step in and operate efficiently from day one. A full unit schedule is attached separately. Etowah sits at the heart of Henderson County's commercial growth corridor, with easy access to Hendersonville, Brevard, and Asheville. Strong demand for self-storage and contractor/outdoor storage is driven by residential growth, the trades, and outdoor recreation culture.

Property Facts

Price $958,315 CAD
Price Per SF $138.89 CAD
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype Warehouse
Lot Size 0.71 AC
Rentable Building Area 6,900 SF
No. Stories 1
Year Built 1965
Zoning R-1 - Residential District 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
9958024
Land Assessment
$106,819 CAD
Improvements Assessment
$352,529 CAD
Total Assessment
$459,348 CAD
  • Listing ID: 40165037

  • Date on Market: 2026-04-15

  • Last Updated:

  • Address: 130 Oakland Hill Dr, Etowah, NC 28729

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