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.
|
Financials
| 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 |
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 |
|
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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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