REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 100,000
Est. payment /mo
New
54000 US HWY 82 Itta Bena, MS 38941
3,400 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $29
MLS Listing ID 12717224
Year Built 1998
Annual Tax Amount $1,300
Tax Year 2024
Lot Size 1.100 Acres
Lot Dimensions 131 x 359 x 130 x 377
Property Sub-Type Industrial
Property Description
Excellent opportunity to acquire a value-add self-storage facility at an attractive basis. Located at 54000 US Highway 82 in Itta Bena, Mississippi, the property sits along one of the region's primary east-west corridors with approximately 9,000-12,000 vehicles passing the site daily. The facility is just minutes from Greenwood, Mississippi, providing convenient access to a regional trade area while benefiting from excellent highway visibility. The property also offers quick access to Mississippi Valley State University and surrounding communities. Offered at just $100,000, the property is priced well below today's replacement cost, creating an attractive opportunity for investors seeking a low-basis acquisition with significant upside potential. The facility consists of 40 non-climate-controlled storage units configured as follows: * 20 - 10' x 10' * 17 - 10' x 5' * 1 - 10' x 15' * 2 - 10' x 20' Currently, only six units are occupied, providing a substantial leaseup opportunity for an owner willing to implement professional management and marketing. The facility is enclosed by a security fence with gated access and is equipped with solar lighting throughout the property. Unlike many stabilized self-storage facilities, the property currently has virtually no digital presence. It is not operating on a management software platform, has no online rental capability, website, Google Business Profile, or third-party listing exposure. A new owner has the opportunity to significantly improve occupancy through basic operational enhancements, online marketing, revenue management, and improved customer accessibility. Following stabilization, the site also offers a modest opportunity for future expansion, providing additional long-term upside. This offering represents an excellent opportunity for an owner-operator or investor looking to acquire an affordable self-storage facility with meaningful value-add potential, strong highway exposure, and multiple avenues for increasing revenue. Seller financing is not available. Greenwood Storage (Value-add Opportunity): * Below replacement cost acquisition * Only 15% occupied (6 of 40 units leased) * High-visibility US-82 location (9,000-12,000 VPD) * Minutes from Greenwood, MS * Security fence & gated access already installed * Solar lighting throughout the facility * Opportunity to implement management software and online rentals * Potential for future expansion after stabilization * Significant lease-up and revenue growth potential
Location
State MS
Area Out Of Area South
Zoning COMMR
Interior
Cooling None
Fireplace N
Building
Dwelling Type Industrial
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Jon Fisher of MR. LANDMAN
GET MORE INFORMATION