Self-Storage Development Opportunity

PRICE REDUCED! Chesapeake City is a picturesque small town nestled along the banks of the Chesapeake and Delaware Canal in Cecil County. This charming community is known for its rich history, beautiful waterfront views, and well-preserved 19th-century architecture. Chesapeake City serves as a delightful destination for visitors seeking a tranquil escape, offering a variety of local shops, gourmet restaurants, and outdoor activities such as boating and walking tours of the historic district. Its unique blend of history, natural beauty, and modern amenities make it a jewel of the Chesapeake Bay region.SVN Miller Commercial Real Estate and the SVN NationalStorageAdvisors.com team Meredith Mears, Hans Hardisty, and Nick Malagisi are excited to present this exceptional investment opportunity in the heart Chesapeake City, MD. This well-positioned development project offers a prime location on Augustine Herman Highway (10,000 +/- ADT) and high market rents. Also, this property offers zero competition in the 3-mile radius and 2.5 SF/person in the 5-mile radius (StorTrack). With the demand for self storage solutions on the rise, this development presents an ideal chance to capitalize on the market potential and secure long-term financial returns. Offered for sale at the same moment in time that transformative community project, the Southfields of Elkton is being developed, this project is sure to present an amazing ROI. Upon completion, the Southfields of Elkton - a mixed-use project consisting of residential units including single family homes, apartments for both seniors as well as families and condos spread across 630 acres - will present retail, commercial, sports/recreational and light industrial uses . This storage development opportunity is to be sold site plan approved, allowing for the construction of a state-of-the-art facility with 50,300 Net RSF, with storage units ranging from climate-controlled spaces to traditional drive-up units. The planned facility will feature modern security systems, convenient amenities, and professional on-site management, ensuring the safety and satisfaction of tenants. Investors will have the opportunity to develop in an underserved self-storage market near the local middle and high school.