Existing Structure

An S3 Partners Project: A Stellar Example of Repurposing Existing Structures

In the realm of property development, the S3 Partners beautifully exemplifies how an existing structure can be ingeniously transformed into a state-of-the-art self-storage property. In Allegany, New York, a 21-acre site that was a former Kmart Plaza has undergone a comprehensive inside-out renovation, resulting in 60,000 square feet of indoor storage space and a vast area open for retail, commercial, or light manufacturing operations.

One of the standout elements of this $13 million investment is the climate-controlled indoor storage area, which accounts for about half of the storage space. This area features units in a variety of sizes, starting from compact 5ft x 5ft spaces up to roomy 10ft x 20ft spaces – even accommodating a recreational vehicle. This facility not only provides secure storage but also ensures the preservation of stored items despite external weather conditions.

Beyond storage innovation, the design of the structure has been given immense attention. With a fresh exterior, well-lit interior, and fortified by internal and external cameras, the facility guarantees safety and peace of mind to its customers. It is designed to inspire confidence, making it an ideal choice for people looking for a safe storage solution.

This S3 Partners project isn’t just a self-storage facility; it’s an engine for local economic growth. The development will create jobs, and the available outparcels hold the potential to attract a diverse range of businesses – from coffee shops to truck stops and fast-food chains. The project is estimated to generate around $2 million in sales tax, mortgage tax, and property tax incentives, providing a significant boost to the local economy.

By repurposing this particular existing structure, it exemplifies a sustainable approach to development. Reutilizing buildings reduces the need for new construction materials, minimizes waste, and lessens the environmental impact —an excellent example of marrying economic development with environmental stewardship.

This project is more than a self-storage facility—it is an innovative and forward-thinking development that provides significant societal benefits. It serves as an inspiring model for future property developments, demonstrating how repurposing can lead to remarkable opportunities for local communities and the environment.

If you’re interested in learning more about our project, or if you’d like to discuss potential opportunities, don’t hesitate to reach out to us. The team at S3 Partners is eager to answer your questions. Contact us today.