8,000 Square Foot - Income Producing Property For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30797975
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 8,000 SF
Gross Land Area: 32,240 SF
Sale Price: $465,000
Unit Price: $58.13 PSF
Property Use Type: Investment
Building Name: Cash & Carry Grocery
Usable Size (USF): 8,000 SF
Sale Terms: Cash to Seller
Cap Rate: 7.95%
Average Occupancy Rate: 100
Last Updated: 11/15/2023

Overview / Comments

8,000 Square Foot Metal Building.
The building was built for the Hudson-Thompson Company in 1969 (now the W.L. Petrey Company) and has never been vacant.
New Roof in 2020.
100% heated and cooled tenant maintains all equipment.

Attachments & Media


Finance Data Year 2021
Gross Operating Income $39,000 (Annual)
Net Operating Income $36,944 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Mobile
County: Mobile
Taxing Authority: Mobile County
Tax ID/APN: 2909510007116XXX
Zoning: B-3
Retail Clientele: General, Family, Business
Property Located Between: Pleasant Valley Road and McVay Drive
Property Visibility: Excellent
Largest Nearby Street: McVay Drive
Area Description: Commercial Area with a mix of retail and wholesale businesses.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 8,000 SF
Property Condition: Good
Roof Type: Other
Construction/Siding: Metal Siding
Parking Type: Surface
Air Conditioning: Package Unit
Interior Description: 100% heated and cooled. Drop Ceiling.
Zoning Description: B-3
Lot Frontage: 104'
Lot Depth: 310
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Metes & Bounds

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,512 77,608 155,896
Median Age: 34.11 34.22 36.99
Households: 4,580 31,621 62,474


Photograph of Listing Agent

Joseph G. Betbeze, Jr.

Betbeze Realty Co., Inc. Gulf Coast CMLS Member
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