Need a Bigger Garage, Now You Can Buy One
GarageTown USA has come up with a great solution for car enthusiast and collectors who never seem to have enough “garage” for their hobby. The company offers garage "condos" in a gated, secured community environment. Units are purchased outright rather than rented. Owners reap the benefits of real estate ownership including property appreciation and all standard tax write-offs. 
GarageTown offers units from 640 to 2,860 square feet priced between $70,000 and $300,000, with additional custom features such as air conditioning. Stefanie McDaniel, GarageTown Arizona's sales and marketing director, says that “GarageTownUSA was founded by gadget-crazy friends in Idaho who were looking for high-amenity storage and decided to build a community. Not just a place to store stuff, but also a place to hang out."
All new locations will offer a lavish clubhouse and owners will have full access. Each clubhouse will have luxurious furnishings such as comfortable couches, flat panel TV's, wet bar, kitchen area, meeting tables and even private restrooms with showers. Tenants can host small parties and gatherings, or simply hang out, network and meet new friends.
GarageTown USA has locations in Arizona, Idaho, Texas, Colorado, Washington and Alaska. In Arizona, their Stellar Park location is the first of five locations to be established in the Phoenix Valley. Over the next few months, new communities will be under way in Chandler, Mesa, and Avondale. In the fall, a development will launch in the North Scottsdale area. Many current owners have already given deposits on additional units in new developments. One tenant has purchased a total of six units in multiple developments because he finds them to be logical investments since they can be sublet at any time.
GarageTown USA has plans to franchise the company at which point you can expect to see one or more developments in every state across the nation. You can find out more information about the company on their website.
Photo © GarageTown USA
Comments
A good friend and Porschephile has a “garage condo” in North Carolina. It’s not a GarageTown unit, but same concept. It’s a great size (you could store four cars or work on two inside), and has a loft that he set up for bench work. It’s got heat and A/C and is incredibly secure. He lives in a covenant-rich subdivision so could never use that much space for his car hobby. He says he couldn’t live without it. On top of it all, he paid $80,000 for it a couple of years ago, and it’s now worth $150k. Not bad!