Wayne County Turnkey 122 Unit Storage Unit Auction
Wayne County Turnkey 122 Unit Storage Unit Auction 70 Storage Units - 52+ Outdoor Spaces Thursday, June 11th @ 5PM Live Auction w/ Online Bidding Location: Auction will be held on site located at 563 E Ohio Ave, Rittman, OH 44270. When Exiting interstate 76 head south on OH-57, Turn right heading southwest on Rittman Rd. Watch for Auction signs. Real Estate: Opportunity to acquire a well-maintained, income-producing self-storage facility situated on approximately 2.698 acres in Rittman, Ohio. The property features 70 enclosed storage units plus 52+ outdoor parking spaces, totaling 122 rentable spaces with approximately 33,840 rentable square feet. Improvements were constructed in 2006 and 2021, offering a modern, functional layout with minimal immediate capital needs. The facility includes a diverse mix of unit sizes designed to support multiple tenant types and consistent occupancy, including 10'x10', 10'x15', 10'x20', and 10'x30' storage units, along with 35'x12' outdoor parking spaces ideal for RV, boat, and vehicle storage. The varied unit mix allows for multiple revenue streams and broad market appeal while supporting strong in-place income. The property is commercially zoned and benefits from a city memorandum restricting additional self-storage development, creating a significant barrier to entry and limiting future competition. This advantage helps support long-term occupancy stability and future rental growth. Strategically positioned in Northeast Ohio, the Rittman location offers excellent regional accessibility while maintaining a strong small-town appeal. Situated between major markets such as Akron and Wooster and within convenient driving distance of Cleveland, the area continues to experience steady residential growth and consistent demand for storage solutions. Proximity to key transportation routes and surrounding communities makes this an ideal hub for both local and regional users. The facility is well maintained and features gated access, security fencing, surveillance cameras, and on-site lighting, providing tenant security and operational efficiency. With stable in-place income and upside potential through rental increases and occupancy optimization, this property presents an attractive investment opportunity for both new and experienced self-storage investors. Don't miss out on this opportunity to acquire a turnkey storage facility with built-in competitive advantages in a growing Northeast Ohio market. Open House: The property will be available for preview on Tuesday, June 2nd 4PM - 7PM. Taxes/Legal: Located in Wayne County, parcel number 63-01006.002, Rittman City/ Rittman township. Current annual taxes are $8,667.04 and will be prorated to the day of closing. Terms: A 10% buyer's premium will be applied to the final bid to determine purchase price. We require a 10% nonrefundable down payment the day of the auction with the final amount with in 45 days. All inspections need to be made prior to bidding. Property sold as is.
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