Horsepower Farm expands car storage empire with 'Fayse IV' garage condominiums

Chip Vance, a local car enthusiast and entrepreneur, is expanding his Horsepower Farm Garage Condominiums with the groundbreaking of "Fayse IV", offering climate-controlled storage units and a members-only clubhouse for car enthusiasts to store their prized possessions and socialize with like-minded individuals.

POWELL, Ohio (WCMH) — A local car enthusiast and entrepreneur is expanding his vehicle storage empire giving other auto lovers a place to put their prized possessions and socialize with like-minded owners.

Horsepower Farm Garage Condominiums announced its creator Chip Vance will break ground on "Fayse IV" of the company's car condo empire. The development that offers motorists protected, climate-controlled storage units to house their wheels is located in Powell, just west of Olentangy Liberty High School.

“[The project] is intended to serve those with a passion for cars with an added social benefit to be with like-minded, local enthusiasts,” Vance said.

The newest section, located at 4301 Home Road, will give potential buyers more size options and include all the creature comforts of previous versions with 24/7 access, insulation, plumbing, reinforced concrete floors, and internet access. Clients can purchase up to four units together to customize their space and decorate every aspect to their taste. Collectors will also be able to survey their treasures from a mezzanine provided in each unit.

A key feature includes a members-only clubhouse to host special events boasting outdoor seating and pond views.

“I did it for the passion of creating a car community,” Vance said. “I’m a car guy, so I was driven by the passion of being a car guy.”

Costs range from $142,000 to $649,000 for the units. The company said the most popular size is 960 feet with a price tag of $185,000.

The business noted that the label "Fayse IV," used for the next portion of construction, was chosen to pay homage to "Horsepower Farms’ former neighbor, Fay  Baynton, who housed her equine boarding and riding lesson business on the grounds."

Vance also owns Auto Assets, which offers auto repair, service and sales in Powell.