Richmond Hill Lock and Store, a potential lucrative investment opportunity boasting a track record of high occupancy and stable income. This self-storage property is a proven income generator, providing a solid foundation for a savvy investor looking for solid in place returns with room for improvement through rental rate management best practices.
High Growth Area
Richmond Hill, Georgia has experienced significant population growth. Between 1990 and 2020, the population more than tripled, increasing from 2,934 to 16,633. Specifically, the population grew by 79.2% between 2010 and 2020. Data from 2023 shows a further increase to 17,408, representing a 4.22% growth compared to 2022. In 2025, the estimated population of Richmond Hill, Georgia is 18,459. The property is considered to be located in a flood plain based on the FEMA map. The seller does not carry flood insurance. The estimated cost of flood insurance is in the 2026 expenses until insurance.
Opportunity
Seize the opportunity to transform Richmond Hill Lock and Store into a lucrative investment by capitalizing on untapped revenue streams. By focusing on boosting occupancy levels, revising tenant rates, and expanding the tenant insurance program, you can position the property for enhanced profitability and sustained growth. With a significant rate variance and a large number of tenants overdue for rate adjustments, now is the time to take action and maximize the ROI of this prime commercial real estate asset.
- Currently there is $3,177 per month in monthly rate variance.
- 109 Tenant have not received rate increase in over a year.
- Only 23 tenants have tenant insurance.
Richmond Hill, GA - Vast and Vibrant
Richmond Hill, Georgia, is a fast-growing and highly desirable community located just 20 minutes southwest of historic downtown Savannah. Situated in Bryan County, this vibrant suburb offers the charm of small-town living with immediate access to the amenities and economic drivers of the greater Savannah metropolitan area.
Richmond Hill is known for its excellent public schools, family-friendly environment, and natural beauty, including access to coastal waterways and recreational opportunities. Its strong quality of life and proximity to key economic centers make it a prime location for continued residential and commercial growth.
Richmond Hill, Georgia, is ideally situated approximately 18 miles northeast of Fort Stewart, making it a popular choice for military personnel and their families. The drive typically takes around 30 to 40 minutes, providing a manageable commute to the base. This proximity offers the convenience of living in a quieter, family-friendly community while maintaining easy access to the extensive facilities and opportunities at Fort Stewart.
