Income Producing Property On Airport Blvd.

Retail-Commercial for Sale
Catylist Listing ID: 30762329
Property Subtypes: Street Retail
Building Size (RSF): 1,540 SF
Gross Land Area: 6,820 SF
Sale Price: $180,000
Unit Price: $116.88 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Message Wellness
Usable Size (USF): 1,540 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/19/2021

Overview / Comments

This property was originally designed for retail use but was later converted into office space. Currently lease by a Message Therapy tenant who has occupied the space for the past four years. There are four years remaining on a five year renewal lease.

Modified Gross lease.

Asking price base on a 8% cap rate.

Additional Details

Nearest MSA: Mobile
County: Mobile
Taxing Authority: Mobile County
Tax ID/APN: 2908193003086XXX
Zoning: B-3
Retail Clientele: General
Property Located Between: Sage Avenue and Interstate - 65
Property Visibility: Good
Largest Nearby Street: Sage Avenue
Feet of Frontage: 22
Area Description: Heavy Retail - Near Bel Air Mall and Springdale Mall
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: B-3
Lot Frontage: 22'
Lot Depth: 310'
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Metes & Bounds

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,056 96,770 186,150
Median Age: 34.72 35.49 36.55
Households: 3,613 39,550 75,611

Contact

Photograph of Listing Agent

Joseph G. Betbeze, Jr.

Betbeze Realty Co., Inc. Gulf Coast CMLS Member
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