2501 Portland

Property Description:

100-unit storage facility located on highly trafficked Route One in Arundel. The property consists of five self-storage buildings, an office building built in 2020 with reception area, kitchenette, corner office and half bath, plus a 6,300 SF gravel area that could be used for additional outdoor storage. Units range in size from 5×7 up to 10×20. One of the units is a 20×30 heated space that is currently owner-occupied and could potentially be broken up into more storage units. The property is entirely fenced in and offers 24-hour keypad access via a locked gate.

Arundel Self Storage was purchased by the current owner in 2020 and has continued to be well-maintained. Historically, the business has had a high occupancy rate and is 94% occupied as of June 2023. Set on 2.68+/- acres, there may be the possibility of constructing one more building to add more units subject to town approval.