901 E 10th St,CHESTER, PA 19013
CHESTER, PA 19013
Description
Rarely available stabilized, turnkey drive-up self-storage facility Chester - just 2 minutes from I-95! It totals approximately 8,290 square feet of storage on a 0.43-acre lot (84' x 223') and offers 33 rentable storage units and 3 parking spots, originally built as roughly 50 individual bays. Many of the current units are leased in pairs/groups units that a new owner could separate to lift the unit count and income. The facility offers all drive-up access across a wide, paved center aisle. Most units are established single-story building units, complemented by 5 shipping container units fitted with roll-up storage doors. The unit mix ranges from compact 8'x10' units up to a large 51'x20' (1,020 SF) drive-in unit, giving the property broad appeal to household tenants, contractors, and small businesses. One combined unit has its own separate electric panel and can serve as an on-site office. The property is stabilized at approximately 97% occupancy and is run entirely remotely through cloud-based storage-management software, with all tenants paying online or by ACH and no on-site employees. Demand is driven primarily through online channels, and the operation is gated, fenced, and monitored by 24/7 video recording. The result is a low-overhead, automated business that a first-time storage investor can step into and operate in place. If preferred, the seller is willing to continue managing the site for the buyer. The value-add opportunity is straightforward and low-risk. Current in-place rents are roughly 18% below the facility's own standard rates, and the majority of units have not seen a rate increase in more than a year. A new owner can bring rents to market, grow the tenant-insurance program beyond its current 45% penetration, and apply standard late and admin fees to lift income with minimal capital. The predominantly drive-up construction keeps ongoing maintenance and capital costs low. The location is a core strength. The property sits in an infill Chester neighborhood immediately off I-95, minutes from Widener University, Harrah's Philadelphia Casino & Racetrack, Walmart, and the Penn Terminals port and industrial corridor, and roughly 25 minutes from Center City Philadelphia. This is a dense, established, supply-constrained submarket that supports steady storage demand. Priced at $675,000, the facility offers a going-in cap rate of approximately 8.7% on current income, with upside toward 12% as rents are brought to market - an attractive, income-producing entry point into self-storage ownership. Information contained herein is deemed reliable but is not guaranteed. Buyer to verify all figures. Financials are based on owner-provided data and select operating expenses; a buyer should conduct independent due diligence.
Details
| MLS # | PADE2119552 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 2000 |
| Days On Site | 72 |
| Listing Provided By | KW Commercial | Rodney Ross |
Features
| Units | 53 |
|---|---|
| Zoning | COMMERCIAL |
| Acreage | 0.43 |
Interior
| Cooling | None |
|---|---|
| Heating | None |
Exterior
| Roof | Flat |
|---|---|
| Construction Materials | Block, Wood Siding, Metal Siding |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 5186 |
|---|
Area Information
| State | PA |
|---|---|
| County | DELAWARE PA |
| City | CHESTER |
| Zip Code | 19013 |
| Area | City Of Chester (10449) |
| Community Name | CHESTER CITY |
| School District | CHESTER-UPLAND |
| Listing VS Median (in CHESTER CITY) | |
Price: $675,000 low | high Med: $125,250 On site: 72 low | high Med: 117.5 | |
Market Activity 19013
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Learn More About This Property
| State | PA |
|---|---|
| County | DELAWARE PA |
| City | CHESTER |
| Zip Code | 19013 |
| Area | City Of Chester (10449) |
| Community Name | CHESTER CITY |
| School District | CHESTER-UPLAND |
| Listing VS Median (in CHESTER CITY) | |
Price: $675,000 low | high Med: $125,250 On site: 72 low | high Med: 117.5 | |
