storage/warehouse/ Multi purpose

Retail-Commercial for Sale
Catylist Listing ID: 30707897
Property Subtypes: Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Restaurant, Retail-Pad, Street Retail, Vehicle Related, Other
Building Size (RSF): 15,000 SF
Gross Building Area: See Agent
Gross Land Area: 175,433 SF
Sale Price: $1,250,000 - 2,500,000
Unit Price: $83.33 - 166.67 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: RJ's storage
Sale Terms: Undisclosed, Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Average Occupancy Rate: 40
Last Updated: 4/9/2021

Overview / Comments

3.2 +- acres 7 parcels RJ's storage/(currently closed Port city Pawn shop) Lots of information.1487+- road frontage on Hwy 59 located in Foley Al. $8,070 stated income!! Owner will sell all or part. 2 office/warehouse buildings. 6 billboards (to be confirmed) (confirmed boards are generating $2900 a month, with potential for another $1300.00. Boards are filling up.
Huge Pawn shop warehouse Industrial type building 50 x 60 (3000 sq ft, 1200 up/ 4200 sqft total) 2 roll up doors. 76 plus doors currently not including all the outside buildings. On the pawn shop side 8 additional storage buildings and 3 carports+- Also on the pawnshop south end of properties there are 2 doubled sided bill boards. Additional grandfathered lighted sign and 4 driveways. North side of property is RJ's Storage facility which consists of 28 x 28 office built in 2011. 2 offices, breakroom and bathroom. Storage facility consists of 22 doors on the main building that are 10 x 20 in size. Eleven on the front and eleven on the back side. 9 mini storage buildings with approximately 54 doors. Approx. three (8 x 12)'s and three (6 x 8)'s per building. Stated Rents from owner is $8,070 per month, $96,840 GOI with 60% vacancy..
Stated income (on this less than 40 occupied site) is $8070.00 per month which includes bill boards and the storage rentals. All information to be updated and verified. Another 20 x 24 available bill board on the northern parcel. Plenty of room to expand storage. Owner will entertain selling all or part. Many possibilities, property needs a vision. VIP Location with High visibility. Contact agent today. Set up appointment to meet with the owner.
This is a one of a kind opportunity. Call today.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-54-02-09-0-000-033.001
Zoning: UNZONED
Retail Clientele: General, Family, Business, Tourist
Property Located Between: Gulf Shores Foley
Property Visibility: Excellent
Largest Nearby Street: Baldwin Beach Express and Hwy 59
Feet of Frontage: 1,400
Highway Access: hwy 59
Site Description: PPIN #s 48731,202289,103661,105111,72770,84934
Tenancy: Multiple Tenants
Total Number of Buildings: 15
Property Condition: Good
Year Built: 2011
Zoning Description: unzoned District 18 Foley ETJ
Lot Frontage: 1487
Water Service: Municipal
Sewer Type: Septic
Legal Description: PPINs # 48731, 202288, 202289, 103661, 105111, 72770, 84934

View FullscreenMap

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,316 22,642
Median Age: 45.88 39.38
Households: 2,219 9,023

Contact

Photograph of Listing Agent

Renee Cheval Beasley

HERRINGTON REALTY INC Gulf Coast CMLS Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.