2113 N Broadway St, Poteau, OK 74953

$3,595,000
54,820
SqFt

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List Price
$3,595,000
Days on Market
44
Status
ACTIVE
MLS#
172263
Living Area
54,820
Lot Size (Acres)
2.18
Year Built
2004

Property Description

385-Unit Self-Storage Investment Opportunity | Established Cash Flow + Significant Rate Upside G's Mini Storage presents a rare opportunity to acquire an established, two-site self-storage operation totaling 385 units and approximately 54,820 net rentable square feet in Poteau, Oklahoma. The two locations operate as a single facility under unified branding and management, providing immediate scale in an established eastern Oklahoma market. The portfolio is currently 87.6% physically occupied and 88.5% economically occupied, providing substantial existing income while offering a clearly identifiable path for revenue growth. Current rental rates remain well below the benchmarks utilized in the Offering Memorandum, creating an opportunity for a new owner to implement disciplined rate management across an already established tenant base rather than relying on a major lease-up strategy. The OM identifies approximately $75,300 in potential annualized gross revenue recapture through rate optimization. The Broadway location contains approximately 224 units, including RV/boat parking, while the Coggins location contains 161 units including all 23 climate-controlled units. The climate-controlled inventory consists of 10x10 and 10x15 units and is identified by current ownership as a long-tenured, high-demand portion of the business. Additional upside may exist through future expansion at the Coggins location, where ownership has previously scoped a potential back-row expansion of additional 10x20 units, subject to engineering, entitlement and buyer due diligence. Both sites are positioned along Poteau's primary commercial corridor near major retail traffic generators, including Dollar General and O'Reilly Auto Parts, and approximately 35 miles southwest of Fort Smith, Arkansas via US-59/US-271. Offered at $3,595,000. Contact Darren Marks for Offering Memorandum, financials, unit mix, rent information and additional due-diligence materials.

Additional Information

Area
Rural Northeast
Flooring
Concrete
Roof
Metal

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Listing courtesy of Harmon Real Estate Company.