Yes, you can, on the perfect site if there are no tough zoning or design requirements!
How do I know? I just did this sketch on a piece of scrap paper.
To get to 73,750 gross square feet (59,000 Net Rentable Square Feet) of single-story self-storage, I made several assumptions as follows:
- This means the site is flat so you do not need to area for grading to level the site.
- The parcel needs to be as square as possible so no wasted land. In this case 410’ by 425’ for 4.0 acres.
- No special coverage limits for buildings or impervious regulations
- There are no landscape requirements that can not be provided in the 30 side yards provided. Such as 50 feet of perimeter landscaping
- Parking is of 30’ off the front property line and the front building yards is 50 feet or less. While a lot of front yards are 50 feet they can be 100 to even 150 in some towns.
- No (or) very minimal stormwater detention is required.
- No easements
- It is okay that the majority of units are climate-controlled.
- There are no easements, wetlands, or other items affecting the use of the property.
Is it likely all these assumptions will be true? Sometimes but not likely. Often 5 acres is not enough because most properties do not get close to meeting the assumptions. We have our franchisees concentrating on finding 6 acres so they can build 80,000 sf of self-storage and some outside RV & boat parking.
Perhaps you are an experienced business person. Or perhaps you are a busy professional who wants to make a valuable addition to your investment portfolio and ongoing income stream. Or perhaps you want to own a business as a new career, as a second income, or as a retirement option.
Regardless of your situation, Storage Authority helps you channel your energy and enthusiasm. We surround you with proven learning tools; with detailed guidelines for operations and marketing; and with advice and counsel from a management team that has more than 50 years of experience in self-storage and franchising.
Do you want to have a 15-minute call to learn how Storage Authority helps improve the systems, sales, marketing, and profits at your existing facility? If you are building from the ground up let’s also review how we help you find land and get your facility designed, approved, and built.
Please email or call Garrett Byrd from our team– no appointment is needed:
Garrett@storageauthority.com or 941-928-1354
If you would like to learn more and start your journey to self-storage ownership click the link here:
http://www.storageauthorityfranchise.com/opportunity2
Marc Goodin is the President of Storage Authority Franchising. www.StorageAuthorityFranchise.com He owns 3 self-storages he designed, built, and manages. He has been helping others in the self-storage industry for over 30 years. He can be reached at marc@StorageAuthority.com or directly at 860-830-6764 to answer your franchising, development, marketing, sales, and operations questions. His best-selling self-storage books are available on Amazon.
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