8,000 Square Foot - Income Producing Property For Sale
Retail-Commercial
for Sale
Catylist Listing ID: |
30797975 |
Property Subtypes: |
Free-Standing Building, Street Retail
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Building Size (RSF): |
8,000 SF
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Gross Land Area: |
32,240 SF
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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.
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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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