Located in Northeast Tennessee in the Bloomingdale Area of the City of Kingsport. It is on the site of a former Elementary school. This 39,000 square foot building has been transformed into an Excellent CLIMATE CONTROLLED FACILITY. The facility offers controlled access to it’s customers as well as security lighting for added security. Featuring 193 Units, Loading dock, Two Large Offices/Storage spaces, plus a 6000sf separately leased space. It has a New Metal Roof, New HVAC, New wiring & Electrical Panels, plus 3 Acres to Develop additional open spaces for RV & Equipment Storage. At $1,350,000, the Kingsley Storage is attractively priced at $34.62/sq ft providing the Investor an estimated 11.0% Cap Rate plus the Opportunity to continue developing the vision of the current owner/operator. While the in-place yields are slim, the opportunity to grow the income as additional spaces are rented to full capacity, plus with the income of the added RV Storage Lots will reward the investor within 1 year with at least a 14.0% Cap Rate. Seller will consider some OWNER FINANCING!