$655,000
$727,000
9.9%For more information regarding the value of a property, please contact us for a free consultation.
0.28 Acres Lot
SOLD DATE : 02/05/2025
Key Details
Sold Price $655,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Phippsburg
MLS Listing ID S1053127
Sold Date 02/05/25
Year Built 2001
Annual Tax Amount $10,254
Tax Year 2023
Lot Size 0.280 Acres
Acres 0.28
Property Description
On US 40 in Phippsburg, Flat Tops Storage is well-located for Routt County residents, as well as anyone traveling south or west for recreation.
The two-story building has 40 units in varying sizes from 5'x10' units to 15'x20' garages. Historical occupancy is approximately 90% and reservations and payments are managed on-line. The business has a strong cash flow and upside potential via additional occupancy or increased lease rates on the garages.
This is an established, turn-key opportunity for someone looking to acquire a business with strong fundamentals and proven cash flow.
Storage business continue to do well and experience low vacancy rates as the population of Routt County grows with outdoor users needing to store seasonal toys, equipment and personal belongings.
Location
State CO
County Routt
Area Oak Creek/Phippsburg/Yampa
Direction Take US 40 South, Turn onto 131 South, Proceed to Phippsburg. Property is on the right.
Interior
Heating None
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available Electricity Available
Roof Type Asphalt
Street Surface Paved
Others
Tax ID R6538685
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Bought with The Agency Steamboat Springs
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