Commercial Building on Double Lot

Retail-Commercial for Sale
Call for Offers
Catylist Listing ID: 30774079
Property Subtypes: Retail-Pad, Street Retail
Building Size (RSF): 701 SF
Gross Land Area: 1.60 Acres
Sale Price: $349,900
Unit Price: $499.14 PSF
Property Use Type: Business
Building Name: 251 VAPES
Sale Terms: Cash to Seller, Purchase Money Mortgage
Call for Offers: Yes
Cap Rate: Undisclosed
Last Updated: 1/24/2022

Overview / Comments

This B4/Heavy Commercial zoned property has loads of potential! With over 1 acre of cleared land, approximately 250LF for frontage on HWY 59 (just minutes from I-10), 3 power poles and 2 septic tanks, the variety of options is abundant. The property also has an RV hookup available. The current building is being used as a Vape Store (*Business not included in sale of property but is negotiable per Seller*) and can be used for a multitude of retail businesses. The existing building utilizes a minimal amount of the property's usable space giving the option for Trucks enter from HWY 59 or for more future Heavy Commercial/Retail units. Seller will also consider selling a portion of the property that is vacant and cleared (ask agent for details). Security system with cameras to convey and has a transferable monitoring plan that costs approx.$20/Mo. *Camper/trailer seen in MLS photos does not convey.

Additional Details

Nearest MSA: Mobile
County: Baldwin
Submarket Type: Other
Tax ID/APN: 14093100000010130
Zoning: B4 HEAVY COMMERCIAL
Retail Clientele: General
Largest Nearby Street: US HWY 59
Feet of Frontage: 250
Highway Access: This property has direct access to AL-HWY 59 just minutes from I-10.
Airports: Mobile Airport, Pensacola International, Foley
Site Description: Located North of I-10 directly on US-HWY 59. Easy access for large trucks. The building is situated on the approximately 1 acre property so that a majority of the lot is open and clear.
Area Description: Located in the heart of Loxley directly on HWY 59 just minutes from I-10 and the Alabama Gulf Coast Beaches.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 701 SF
Property Condition: Poor
Roof Type: Gable
Heat Source: Other
Air Conditioning: Window Unit
Zoning Description: B4 Heavy Commercial
Lot Frontage: 250
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,746 10,863 14,852
Median Age: 33.96 35.93 36.84
Households: 668 3,928 5,396
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