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
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

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Demographic Statistics

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


Photograph of Listing Agent

Renee Cheval Beasley

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