Listing Number: 86715-939126
Description
The total real properties for sale is located in one large commercial block area consisting of 4 different office buildings and one vacant lot. Two properties have 2 commercial tenants and the rest are vacant. The warehouse was rented several months ago for $800 month. The retail shop is owned by the owner and they can potentially rent their owner occupied location for $8-10SFT. One of the properties is a retail warehouse with an existing commercial retail tenant, which has been at the location for over 55 years or more. The other properties have commercial tenants occupying 6,800 SFT of retail office and warehouse buildings, which can add more tenants for rental. Visibility and demographics for this area are supportive of securing new commercial tenants or redeveloping the whole block of property. Several of the buildings have had renovations completed in the last 3 years.
All of the properties for sale have recent appraisals completed and can be provided to potential buyers subject to approval or proof of funds. These are great properties for buyers who have 1031 funds for investment and redevelopment while increasing their return on investment securing new commercial tenants.
Listing Details
- Price: $ 1,679,000
- Down Payment: $1,679,000
- Sellers Discretionary Earnings: $ 84,000
- Total Sales: $ 0
- Location: Alabama
- Inventory: $ 0
- FF&E: $ 0
- Employees:
- Year Established: 1965
- Reason for Selling: Retirement
- Category: Real Property Rltd
