Bigger Garage Self-Storage
$995,000
33243 Old Ocean City Rd, Parsonsburg, MD 21849
9,100 sqft
Building Size
1.3816 acres
Lot Area
Details:
Highlights:
- Recently repositioned facility demonstrating strong leasing momentum and market demand.
- Ideal First Self-Storage Investment or Portfolio Expansion: Manageable 83-unit, 9,100 NRSF asset with an established operating structure.
- Remote Ownership Opportunity: Professional management with minimal on-site maintenance requirements.
- Additional Income Stream: Professionally managed, 1,137 SF residential dwelling generating $1,600/month in rental income.
- Strategic Location: Positioned between Salisbury and the Maryland/Delaware beaches with limited competing self-storage facilities nearby.
Description:
Bigger Garage Self Storage is a recently repositioned, remotely managed 9,100 NRSF self-storage investment opportunity on 1.3+/- acres located in Parsonsburg, MD. The 83-unit drive-up facility combines strong occupancy with an efficient operating structure and recent repositioning. The property has professional management already in place through Bigger Garage Management Company and minimal day-to-day maintenance requirements.
With limited competing facilities, recent capital improvements, remote management capabilities, and additional monthly rental income of $1600 from a professionally managed residential dwelling, the property offers an attractive entry point for a first-time self-storage investor or as a strategic acquisition for an existing operator.
This manageable asset with proven demand, multiple income streams, and an established operating structure provides an opportunity to step into self-storage or to expand your portfolio without having to build the business from the ground up.
Parsonsburg is a community located in Wicomico County, Maryland, offering self-storage operators an attractive combination of residential demand, regional accessibility, and limited competitive supply.
Located along U.S. Route 50, Parsonsburg provides convenient access between Salisbury and Maryland’s Eastern Shore beaches, making it an easily accessible location for residents, businesses, and seasonal users throughout the region.
The community benefits from its proximity to Salisbury, the Eastern Shore’s largest employment and commercial center, while maintaining a more rural residential environment where demand for convenient storage is often driven by homeowners, small businesses, contractors, and residents with recreational equipment. Parsonsburg also serves as a convenient stop for households traveling between Salisbury, Ocean City, and the Delaware beaches.
The broader trade area includes established residential neighborhoods, small businesses, and recreational users, all of which contribute to a diverse and durable customer base.
Documents:
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| OM_-_Bigger_Garage_Self-Storage.pdf |
Location
Gallery