Carlin's RV, Boat and Self Storage

Wyoming County, Pennsylvania, is experiencing steady economic growth driven by a mix of expanding industries, infrastructure improvements, and a strong local workforce. The region benefits from its proximity to Scranton and Wilkes-Barre, providing easy access to larger markets while maintaining a lower cost of living and business operations. Recent investments in manufacturing, logistics, and energy have boosted job opportunities, attracting both skilled labor and commercial development. The county’s pro-business environment, with tax incentives and development grants, makes it an attractive destination for investors seeking long-term appreciation. Additionally, its scenic beauty and growing tourism sector contribute to a well-balanced economy, reducing market volatility. Factoryville, a charming borough within Wyoming County, offers unique investment opportunities due to its strategic location and community-focused growth initiatives. Home to Keystone College, the area benefits from a stable rental market and increasing demand for student housing and local services. Infrastructure upgrades and business-friendly policies have encouraged small business development, enhancing the town’s economic vitality. With affordable property prices and potential for appreciation, Factoryville presents an ideal opportunity for real estate investors looking to capitalize on both residential and commercial growth. Its blend of rural charm and economic expansion makes it a promising market for long-term investment.Carlin's RV, Boat, and Self Storage presents a compelling investment opportunity for experienced operators looking to maximize value through improved management practices. The current owner recently finished the facility just over a year ago and hasn't done any form of lease up incentive to increase his occupancy. The facility features a combination of non-climate drive-up storage units, open parking spaces, and covered parking units. Situated on a well-maintained property right next to Lackawanna High School, Carlin's RV, Boat, and Self Storage offers 29,100 Gross Leasable Square Feet, encompassing the covered parking while excluding open parking areas. The facility’s unit mix consists of 126 units in total, with sizes ranging from 10x10 to 10x30, providing flexible options for customers storing personal items, RVs, boats, and other vehicles. Currently, the facility has a physical occupancy of 50% and an economic occupancy of 52%. This presents a significant value-add opportunity for a more experienced owner-operator to implement best-in-class management practices and drive occupancy toward stabilization. With its strategic mix of unit types, young age, and expansion potential, Carlin's RV, Boat, and Self Storage is positioned to capitalize on increased demand for secure, flexible storage solutions. This asset represents a unique chance to acquire a property with immediate upside through operational improvements.