Summerdale Retail & Warehouse
Retail-Commercial
for Sale
| Catylist Listing ID: |
30860482 |
| Property Subtypes: |
Free-Standing Building, Street Retail, Other
|
| Building Size (RSF): |
51,900 SF
|
| Gross Land Area: |
4.50 Acres
|
| Sale Price: |
$3,400,000 |
| Unit Price: |
$65.51 PSF |
| Property Use Type: |
Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/24/2024 |
Overview / Comments
|
Opportunity to own 3 buildings on 4.5 acres fronting Hwy 59 in Summerdale. The property consists of a 30,000 SF retail building, a 6,900 SF middle warehouse building, and a 15,000 SF back warehouse building. Behind the back warehouse there is +/- 1.2 acres of buildable property to expand. The retail building has a lease in place for 7,465 SF with the adjacent 22,353 SF available for lease beginning in January of 2024. The back two warehouses have tenants in place. Please do not disturb tenants. All showings must be scheduled through the listing agents.
|
Current Tenants
| Tenant Business Name |
Southern Farmhouse |
| Is Renting? |
Yes |
| SF of Space Occupied |
7,465 SF |
| Lease Expiration |
10/0026 |
| Tenant Notes |
Contact agent tor additional information |
| Tenant Business Name |
Direct Furniture |
| Is Renting? |
Yes |
| SF of Space Occupied |
6,900 SF |
| Lease Expiration |
12/0023 |
| Tenant Notes |
Contact agent for additional information |
| Tenant Business Name |
Transpak |
| Is Renting? |
Yes |
| SF of Space Occupied |
15,000 SF |
| Lease Expiration |
11/0025 |
| Tenant Notes |
Contact agent for additional information |
Additional Details
| Nearest MSA: |
Daphne-Fairhope-Foley |
| County: |
Baldwin |
| Taxing Authority: |
Baldwin County |
| Tax ID/APN: |
05-48-09-30-4-000-078.000 |
| Zoning: |
B-2 / SUMMERDALE |
| Retail Clientele: |
General, Family, Business, Traveler, Recreation |
| Property Located Between: |
Dollar General (W. Jackson Ave) and W. Broadway |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
US Hwy 59 |
| Feet of Frontage: |
333 |
| Traffic/Vehicle Count: |
22,985 |
| Highway Access: |
Direct Access from US Hwy 59, W. Jackson Ave, and W. Broadway Ave |
| Site Description: |
Flat site, improved with 3 building and parking areas - additional land for future development |
| Area Description: |
Primary retail / commercial corridor of Summerdale, AL |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
3 |
| Number of Stories: |
1 |
| Property Condition: |
Good |
| Roof Type: |
Gable |
| Construction/Siding: |
Brick/Aluminum Siding |
| Parking Type: |
Surface |
| Sprinklers: |
None |
| Interior Description: |
Retail building fully improved as typical retail / showroom space. 6,900 sf warehouse used as storage, with a fenced yard area, 15,000 sf warehouse improved with small office and restroom |
| Zoning Description: |
B-2 / Summerdale |
| Lot Frontage: |
333 |
| Lot Depth: |
600 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
fee simple |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
2,038 |
20,604 |
| Median Age: |
42.7 |
39.76 |
| Households: |
815 |
7,896 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.
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