Crescent Theater Building

Retail-Commercial for Sale
Catylist Listing ID: 30181326
Property Subtypes: Mixed Use, Movie Theatre, Street Retail
Building Size (RSF): 8,800 SF
Gross Building Area: See Agent
Sale Price: $2,150,000
Unit Price: $244.32 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 10.0%
Last Updated: 10/23/2021

Overview / Comments

-Three Story Building
-8,800+/- SF Building
-Crescent Theatre on first floor—90 seat capacity—3,000 +/- SF—Leased @ $3,000/mo
-Second floor residential penthouse with balcony—3,000 +/- SF– Air BB income @ $9,000/mo
-Third Floor Penthouse 2,800 +/- SF— Air BB Income @ $9,000/mo
-Both Units have a private elevator that opens directly into unit
-Parking available in the private lot next door
-Separate rear entrance in rear for apartments
-Each Penthouse Apartment Unit can be purchased for $750,000

-TOTAL BUILDING PURCHASE PRICE: $2,150,000

Pro Forma NOI $217,000

Attachments & Media

Contact Listing Agent

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: 2906400002213.000
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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,518 49,359 97,802
Median Age: 36.52 36.2 36.16
Households: 2,110 19,067 37,973
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Contact

Photograph of Listing Agent

Cameron Weavil, CCIM

The Weavil Company, LLC
Gulf Coast CMLS Member
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