1896 SF AVAILABLE ON HWY 59 IN LOXLEY ALABAMA

Retail-Commercial for Sale
Catylist Listing ID: 30274146
Property Subtypes: Convenience Store, Free-Standing Building, Street Retail, Other
Building Size (RSF): 1,896 SF
Gross Building Area: See Agent
Gross Land Area: 13,500 SF
Sale Price: $230,000
Unit Price: $121.31 PSF
Ceiling: 15 ft.
Property Use Type: Investment, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage, Other
Cap Rate: Undisclosed
Last Updated: 2/20/2019

Overview / Comments

Commercial building located along busy 4-lane thoroughfare with excellent access and visibility. This 1,896 s.f. building is zoned B-1 and is situated on the south bound lane of HWY 59 with approximately 24,180 average annual daily traffic (updated 2016). There are 2 units that could easily be converted into one large unit.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 023659
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: Loxley Public Library and the vacant Citizens Bank Building
Property Visibility: Excellent
Largest Nearby Street: State HWY 59
Feet of Frontage: 100
Traffic/Vehicle Count: 24,180
Highway Access: HWY frontage
Total Number of Buildings: 1
Number of Stories: 1
Construction/Siding: Block
Total Parking Spaces: 10
Parking Type: Surface
Heat Type: Electricity
Zoning Description: The B-1, Professional Business and Office District, is intended to allow a concentration of office type buildings and land uses that are most compatible with, and located near, residential areas. Most B-1 commercial, professional and business office districts will be placed in close proximity to residential areas, and therefore serve as a transitional zoning district between residential areas and higher intensity commercial zoning districts. The types of office uses permitted are those that do not have high traffic volumes throughout the day, which extend into the evening hours. They will have morning and evening short-term peak conditions. The market support for these office uses should be those with a localized basis of market support as opposed to office functions requiring inter-jurisdictional and regional market support. Because office functions have significant employment characteristics, which are compounded when aggregations occur, certain personal service uses shall be permitted, to provide a convenience to office-based employment. Such convenience commercial uses shall be made an integral part of an office building as opposed to the singular use of a building.
Lot Frontage: 100
Lot Depth: 135
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 100' X 135' LOT 17 & 18 BLK 27 MAHLERS PARK ADDN PB4 P64 IN THE CITY OF LOXLEY SEC 10-5-3 (WD)

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,151 20,545
Median Age: 36.78 36.05
Households: 3,240 7,631

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