Former Newks Property for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30586224
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 4,485 SF
Gross Building Area: See Agent
Sale Price: $175,000
Unit Price: $39.02 PSF
Has Drive-Thru? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/13/2021

Overview / Comments

-Leasehold Improvements sale only—not fee simple
-23+/- years of options remaining on ground lease
-$42,350 per year current ground lease
-Access to Azalea and Airport
-Could possibly sustain a drive through
-Ample Parking
-Some FFE (walk in cooler, hoods, tables) convey
-Building Size: 5,164 +/- SF
-Site Size: 18,000 +/- SF
-Utilities at site
-2007 Construction

Attachments & Media

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: R022807262000002.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,268 90,108 190,551
Median Age: 32.28 35.44 36.53
Households: 5,602 37,620 77,370


Photograph of Listing Agent

Cameron Weavil, CCIM

The Weavil Company, LLC
Gulf Coast CMLS Member
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