Fully Leased: 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: |
7.09% |
| Last Updated: |
9/19/2024 |
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. 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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