54000 US HWY 82
Itta Bena, MS, 38941 $ 100,000
Bedrooms-- Baths-- Sq 3,400 Monthly Estimate*
$ 631
for $100,000. This 3,400 square foot building was built in 1998 on a lot size of 1.1.
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
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FeaturesGeneralCooling None
Zoning COMMR
Year Built 1998
Electric None
Stories Count 1
Property Subtype Other
Tax Year 2024
Gross Income 0
Net Operating Income 0
Operating Expense 0
Property Type Commercial Sale Industrial
Status Active
Directions Take HWY 82 west out of Itta Bena and the property will be on the south side of the Hwy.
City Itta Bena
Number Of Units Total 40
MLS Area Out of Area South
Lot Size Square Feet 47916
Tax Annual Amount 1300
Additional Parcels Y/N N
Leasable Area 3400
Standard Status Active
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ExteriorBuilding Area Total 3400
Lot Dimensions 131 x 359 x 130 x 377
Lot Size Acres 1.1
Frontage Type State Road
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* Excluded FeaturesList Byjonfisher1991@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $631
- Monthly Property Taxes
- $108
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Itta Bena, MS
Average List Price $100,000
Percent of Sale Price 0%
About Itta Bena, MS 2,053 Population
-11% Since 2002
$ 23,030 Median Income
32.16 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/28/2026 | $100,000 | | Listed Price |