 Open air storage (by S i d [MO]) Aug 17, 2017 7:23 AM
 Open air storage (by MikE SWMO [MO]) Aug 17, 2017 7:41 AM
Open air storage (by S i d [MO]) Aug 17, 2017 7:46 AM
Open air storage (by Al [NC]) Aug 17, 2017 9:40 AM
Open air storage (by AllyM [NJ]) Aug 17, 2017 10:09 AM
Open air storage (by Ken [NY]) Aug 17, 2017 11:26 AM
Open air storage (by Landlord ofthe Flies [TX]) Aug 17, 2017 11:40 AM
Open air storage (by Rocking Bear [FL]) Aug 17, 2017 10:16 PM
Open air storage (by Sisco [MO]) Aug 18, 2017 4:13 AM
Open air storage (by S i d [MO]) Aug 18, 2017 5:07 AM
Open air storage (by S i d [MO]) Posted on: Aug 17, 2017 7:23 AM
Message:
Well... when stuff hits it hits!
Got a call yesterday from a guy wanting to sell about 3.5 acres of commercial land. I'm thinking about using this to start an open-air self-storage business. Place to park RVs, campers, trailers, and maybe have some connex boxes (i.e. oversea shipping containers) that we could rent out on site for someone who needs locking storage or deliver to sites that need temporary storage for tools, equipment, supplies. I'd begin by fencing off the area and getting a controlled access system. I've seen several places in town that offer this, and it seems like a pretty low cost way to enter into self-storage, with potential to add actual walled in/roofed in self-storage units later down the road.
Zoning looks good--actually has very loose regs on what you can do...pretty much everything shy of heavy manufacturing. Open air-storage has minimal up front capital vs. building steel units. Traffic count isn't great, but I'm thinking about marketing mostly to nearby businesses and contractors and using the Internet vs. just counting on folks driving by to see me sign. It's within 1 mile of a large area of town where a lot of money and businesses have been flowing into for the past 3+ years. I've got a friend who does commercial appraising I'll be using to help put a value on this.
Anyone here do open air self-storage? Any recommended reading or resources? --173.19.xx.xxx |
Open air storage (by MikE SWMO [MO]) Posted on: Aug 17, 2017 7:41 AM
Message:
SID there was a place in Springfield last year up for tax sale the people told me it was 12 acres but nine of that was in a floodplain Zone. If you're wanting to get into that type of stuff and if you're interested I can ask the people who told me about it if they can give me the information so I can give it to you and you can check it out. They may or may not remember anything about it. I'm thinking it was somewhere in the North West quadrant of the city --67.45.xxx.xx |
Open air storage (by S i d [MO]) Posted on: Aug 17, 2017 7:46 AM
Message:
Mike...saw that area on the OTC sale list. It's further out than what I'm looking for. --173.19.xx.xxx |
Open air storage (by Al [NC]) Posted on: Aug 17, 2017 9:40 AM
Message:
Great idea! We have one up the street from us and it's always filled. --108.64.xxx.xx |
Open air storage (by AllyM [NJ]) Posted on: Aug 17, 2017 10:09 AM
Message:
How is your state on charging for remediation of chemical, gas and oil spills? Enjoy the cleanup. --73.33.xxx.xxx |
Open air storage (by Ken [NY]) Posted on: Aug 17, 2017 11:26 AM
Message:
There is one of those in my area,doesn't even have a fence but it is always full of campers and boats --24.25.xxx.xxx |
Open air storage (by Landlord ofthe Flies [TX]) Posted on: Aug 17, 2017 11:40 AM
Message:
You could also market it to construction companies and handymen looking for a nightly place to securely stash equipment or vehicles near the jobsite. --108.69.xxx.xxx |
Open air storage (by Rocking Bear [FL]) Posted on: Aug 17, 2017 10:16 PM
Message:
If you can get approval there is HUGE money in RV storage as most city's will not allow them to be parked at ones own home, hope to see a follow up down the road. --71.55.xxx.xx |
Open air storage (by Sisco [MO]) Posted on: Aug 18, 2017 4:13 AM
Message:
You risk losing your focus, energy and cash needed for your core housing business. You have streamlined your housing business to the point that you waste little time......I suspect this open air storage is much more management intense.
If not for fencing, and active management what prevents this from becoming a dumping ground? --72.172.xxx.xx |
Open air storage (by S i d [MO]) Posted on: Aug 18, 2017 5:07 AM
Message:
Thanks to those who have given constructive suggestions and asked thought provoking questions.
Regarding dumping: this land today is empty and yet it has not become a dumping ground. It's possible someone will start using it that way in the future, but no one is doing so today.
It's on a street with residential houses nearby which may help. I already have a couple houses on this street, so while I wouldn't be there every day, I would be by at least once a week when I do my regular "drive bys".
If the land is fenced, and access is controlled via a gate with locks, then the only people who could dump on the land would be people with lots of time and powered wire cutters (to cut thru the fence to get inside to dump their stuff), or people who pay me with the nefarious intent of not parking their RV, but rather unloaded a trailer full of old tires. If I make my land difficult to dump on, they will go dump somewhere that's easier to access.
Those of us who are residential land lords should ask what keeps folks from dumping stuff on our yards? Nothing special that I'm aware of. Why would an open air storage area be any different, especially a fenced area? Seems like my plan would make it more secure than a regular SFH with no fencing. Tell me what I'm missing here.
Lots of questions to ask and I do appreciate everyone raising these thoughts. --173.19.xx.xxx |
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