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: 2/2/2024

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

View FullscreenMap

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,038 20,604
Median Age: 42.7 39.76
Households: 815 7,896

Contact

Photograph of Listing Agent

Steadman Bethea

Stirling Mobile Gulf Coast CMLS Member
Photograph of Listing Agent

Jeff Barnes

Stirling Properties Mobile Mobile, AL 36602
Gulf Coast CMLS Member
© Copyright 2001-2023 Moody's. All Rights Reserved. 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.