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PRIME Self Storage Opportunity

Offering Summary

An exceptional opportunity to acquire an income-producing self-storage facility with expansion potential in Anniston’s fastest-growing commercial corridor.


This gated, 2.14-acre property features 80 drive-up units totaling approximately 16,000 rentable square feet, plus a single-family home ideal for on-site management or additional rental income. The site is fully fenced and secure, with existing infrastructure and space to add 20,000+ square feet of new units or covered RV/boat parking—offering significant future income and appreciation potential.


Located directly across from the Summerall Development—where Aldi and Starbucks are now under construction—and just minutes from the new Kemet Movie Works film-production campus at Fort McClellan, this property sits in the heart of Anniston’s emerging retail and entertainment district.


Highlights:

  • 80 existing drive-up units / ~16,000 RSF
  • 2.14 fenced and gated acres with room for expansion
  • Single-family home on site (manager or rental unit)
  • Current rents 15–25% below market ($75 vs. $95–$100 average)
  • Projected NOI: $58K–$61K (≈9.5–10.2% cap rate at asking price)
  • Expansion potential to 20,000 SF+ of new storage or RV/boat parking
  • Located across from new Aldi & Starbucks and near Kemet Movie Works


Investment Summary:
At full market rents, the property is projected to generate an annual Gross Potential Rent of $88,800 and a stabilized NOI of $58,000–$61,000, offering an attractive 9–10% unlevered return on cost. Future expansion could lift total value to $2 million+, making this an outstanding value-add opportunity priced well below replacement cost (~$37/SF).


For additional information, financials, or to schedule a property tour, contact:
Jordan Akin 256.856.1249 Akin Realty Ventures

Property Highlights

PRICE:                                           $599,000

ADDRESS:                         501 Hilcrest Road

LOCATION:                     Anniston, Alabama

LAND AREA:                                2.14 Acres

BUILDINGS:                                              5

TOTAL SPACE:                           17,000 sq. ft.

YEAR BUILT:                                        2009

OPPORTUNITY ZONE:                          YES


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    JORDAN AKIN

    (256)856-1249

    Explore Anniston alabama

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