Magnolia Place Office Space

Office for Sale
Catylist Listing ID: 30186363
Property Subtypes: Business Park, Office Building
Condo? Yes
Building Size (RSF): 1,050 SF
Gross Building Area: 4,200 SF
Gross Land Area: 0.70 SF
Sale Price: $89,900
Property Use Type: Vacant/Owner-User
Building Name: Magnolia Park Office Condo
Class of Space: Class B
Usable Size (USF): 1,050 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/18/2020

Overview / Comments

Creole style with drive-up parking. Offering one office/condo for sale $89,900.
Unit B2 is currently leased for three years, with tenant having an option to purchase.

Spaces are in great shape and feature leaded glass wood entrance doors, wood baseboards, 2 stage wainscoting through out, neutral new paint, drive up parking and a marquis for each unit is located at the entrance.

Exterior upkeep is handled by the association, Owner handles interior repairs and maintenance. Each unit is separately metered.

A2 features reception with small receptionist office, interior office, 2 executive offices, breakroom and rr. Office is well appointed with chairrailing, neutral paint and carpet accented with white finishes.

B2 features reception area with break counter and 2 restrooms (one with shower), 3 offices and a large storage room. 2 Offices feature built ins. All new paint and flooring excepting one office which has hard wood. Must see, beauty.


Finance Data Year 2018
Real Estate Taxes - Annual($) $902 (Annual)
Tax Value Land $50,000
Tax Value Improvements $61,900
Assessed Value - Total($) $114,900 (Annual)
Potential Rental Income $13,200 (Annual)
Gross Operating Income $13,200 (Annual)
Net Operating Income $9,598 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Mobile
County: Mobile
Taxing Authority: Mobile County Revenue Commission
Tax ID/APN: R022808341002015.006
Is Condo?: Yes
Zoning: B1
Property Located Between: Airport and Cottage Hill Rd
Property Visibility: Good
Total Number of Buildings: 2
Number of Stories: 2
Typical SF / Floor: 2,100 SF
Year Built: 1984
Construction/Siding: Brick
Exterior Description: Creole Style
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: B1
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Unit B-2 Magnolia Park Office Condo a Condo ACC to that certain declaration of condo together with exhibits thereto including bylaws of Magnolia Park Office Condo Unit Owners

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,290 84,293 182,808
Median Age: 37.46 36.13 36.92
Households: 6,300 36,157 74,216


Photograph of Listing Agent

Jill Meeks

Stirling Properties Mobile Mobile, AL 36602
Gulf Coast CMLS Member
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