Distinctive Buying Opportunity: 2 Historic Multi-Level Buildings

Retail-Commercial for Sale
Catylist Listing ID: 30863592
Property Subtypes: Free-Standing Building, Movie Theatre, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 21,765 SF
Gross Land Area: 0.59 Acres
Sale Price: $275,000
Unit Price: $12.63 PSF
Ceiling: 14 ft.
Is Quick-Service Restaurant? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Business
Usable Size (USF): 21,765 SF
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 2/27/2024

Overview / Comments

Brewton, AL - Featuring 2 attached multi-level buildings, this property offers a wealth of possibilities for revenue generation and mixed-use potential! Brewton has twice been recognized in Norman Crampton's book, as one of "The 100 Best Small Towns in America." Step into the investment opportunity of a lifetime with this distinctive and versatile prospect for savvy investors! Elevate your portfolio with this extraordinary historic commercial property nestled on a corner lot in the town center of Brewton's Historic Business District, promising high visibility and traffic!

Building Description:
The main building is an impressive 60' x 90' totaling 15,425 sqft spread across 3 stories. The main floor is 5,355 sqft equipped with top-notch heating and cooling systems. Formerly a restaurant, this space offers immense potential. The second and third floors are each 5,053 sqft currently utilized for storage but offer an open layout for apartments, storage, or any allowable business venture. This three-level building was brought up to code on the bottom and third floors in 2006. Recent updates include a brand-new roof installed in 2014, underscoring the property's dedication to quality and long-term value. (See Documents).

The property's allure extends to an attached second building boasting a total of 6,340 sqft. The first floor is 3,140 sqft and was formerly leased to a beauty salon. The second floor consists of 3,200 sqft that currently serves as storage, offering substantial space to accommodate a myriad of needs. Has a ole pull chair flat elevator for lifting supplies to the second floor...One of a Kind.

Location:
Benefiting from prime positioning, this corner lot property features 100 feet of paved road frontage on St. Joseph Ave and an additional 218 feet on Mildred St., offering diverse access points for optimal convenience and accessibility for potential customers or clients. A high traffic volume boasts an impressive Average Annual Daily Traffic (AADT) of 15,903 vehicles on St. Joseph Ave and 12,364 AADT on Mildred St, ensuring heightened visibility.

Beyond the property's undeniable charm, Brewton, AL, is known for its diverse economy, with a mix of industries contributing to its stability. Historically, the city has been associated with the timber and paper industry, thanks to the presence of several mills. Additionally, the healthcare and education sectors play a significant role in the local economy. This is not only a promising investment opportunity, but also the chance to become an integral part of this flourishing community.

Do not miss the opportunity to claim a piece of Brewton's rich history while strategically positioning yourself in a stable community. Uncover the limitless potential and secure ownership of this historic commercial gem today!

Additional Details

Nearest MSA: Mobile
County: Escambia
Submarket Type: Historic District
Taxing Authority: Escambia, AL
Tax ID/APN: 30 15 08 28 3 011 010.000; 30 15 08 28 3 011 011.000; 30 15 08 28 3 011 009.000
Zoning: B-H HISTORICAL BUSINESS DISTRICT
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Hwy 31/ St.Joseph St/ Mildred St/Hwy 41
Property Visibility: Excellent
Largest Nearby Street: US-31/St. Joseph Ave and US-29/Mildred St
Feet of Frontage: 318
Traffic/Vehicle Count: 15,903
Highway Access: Fronts US-31/St. Joseph Ave & US-29/Mildred St. 20 miles from I-65.
Airports: Brewton Municipal Airport - 4 miles, Mobile Regional - 93 miles, and Pensacola Regional Airport - 53 miles
Site Description: Busy 0.59 acre, corner lot at the intersection of St. Joseph Ave/Hwy 31 and Mildred St/Hwy 29. Asphalt parking lot. Access from both St. Joseph Ave (100 ft of frontage) and Mildred St (218 ft of frontage). Survey in documents, will need to be updated.
Area Description: Brewton offers a historic downtown, public parks, top-rated schools, low costs of living, low crime rates, and is structured on growth and creating an amiable place for residents to live, work and play. The city has year-round recreation programs, art programs, STEM sessions and guided wilderness tours. It has twice been recognized in Norman Crampton's book, as one of "The 100 Best Small Towns in America." Brewton is located in South Central Alabama just north of the Florida Panhandle. This southern community is only appx. an hour north of the Gulf Beaches, appx. an hour and a half from Mobile, Alabama, one of the richest historic cities in the south, and two hours south of Montgomery, Alabama, the state capital. Centrally located, Brewton is a city that offer residents small town living with easy access to metropolitan areas. They are also home to advanced telecommunications infrastructures.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 3
Typical SF / Floor: 21,765 SF
Property Condition: Good
Year Built: 1883
Year Renovated: 2006
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: New windows. Beautiful brick with adjoining building..this one is the three story with elevator and one is a two story with an old pull chair elevator. Corner Lot
Total Parking Spaces: 40
Parking Ratio: 1.8 (per 1000 SF)
Parking Type: Surface
Parking Description: The parking is directly in front and back of the building.
Passenger Elevators: 1
Freight Elevators: 1
Sprinklers: Other
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable, DSL, Satellite
Interior Description: Building 1: Three levels. It is a 60' x 90' building. Total of 15,425 sqft. The bottom floor of 5355 sq.ft of heated and cooled. The second and third floors are each 5,053 sqft currently utilized for storage but offer an open layout for apartments, storage, or any allowable business venture. This three-level building was brought up to code on the bottom and third floor in 2006. New Roof installed in 2014. (Document attached.) All the inventory in the restaurant will convey upon lease. ( Seller will provide a list of items.) This building is currently classified as a "Historical Building in the City." Building 2: Two levels. It is a 40' x 80' building. Total of 6,340 sqft. The first floor is 3,140 sqft and was formerly leased to a beauty salon. The second floor consists of 3,200 sqft. A pull chair flat elevator for loading and unloading.
Zoning Description: 8.31 B-H Historic Business District. This district is composed of areas containing architecturally or historically valuable buildings that are suitable for specialty shopping and entertainment activities for tourist and local trade. The regulations are intended to protect the special character of the district, to encourage the restoration and adaptive reuse of other similarly valuable buildings in the district, and to encourage further appropriate development. See Documents.
Lot Frontage: 100
Lot Depth: 218
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Fee Simple
Legal Description: (3) Parcels: 30 15 08 28 3 011 010.000; 30 15 08 28 3 011 011.000; 30 15 08 28 3 011 009.000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,040 4,735 8,047
Median Age: 40.75 37.44 40.61
Households: 372 1,928 3,278

Contact

Photograph of Listing Agent

Patty Helton-Davis

PHD Realty, LLC. Gulf Coast CMLS Member
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