Magnolia Place Office Space

Office for Sale
Catylist Listing ID: 30186363
Property Subtypes: Business Park, Office Building
Condo? Yes
Building Size (RSF): 1,050 SF
Gross Building Area: 4,200 SF
Gross Land Area: 0.70 SF
Sale Price: $89,900
Property Use Type: Vacant/Owner-User
Building Name: Magnolia Park Office Condo
Class of Space: Class B
Usable Size (USF): 1,050 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/15/2019

Overview / Comments

Creole style with drive-up parking. Offering 2 office/condos for sale or lease $89,900 each.

A2 features reception with small receptionist office, interior office, 2 executive offices, breakroom and rr. Office is well appointed with chairrailing, neutral paint and carpet accented with white finishes.

B2 features reception area with break counter and 2 restrooms (one with shower), 3 offices and a large storage room. 2 Offices feature built ins. All new paint and flooring excepting one office which has hard wood. Must see, beauty.

Attachments & Media

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $902 (Annual)
Tax Value Land $50,000
Tax Value Improvements $61,900
Assessed Value - Total($) $114,900 (Annual)
Potential Rental Income $13,200 (Annual)
Gross Operating Income $13,200 (Annual)
Net Operating Income $9,598 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Mobile
County: Mobile
Taxing Authority: Mobile County Revenue Commission
Tax ID/APN: R022808341002015.006
Is Condo?: Yes
Zoning: B1
Property Located Between: Airport and Cottage Hill Rd
Property Visibility: Good
Total Number of Buildings: 2
Number of Stories: 2
Typical SF / Floor: 2,100 SF
Year Built: 1984
Construction/Siding: Brick
Exterior Description: Creole Style
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: B1
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Unit B-2 Magnolia Park Office Condo a Condo ACC to that certain declaration of condo together with exhibits thereto including bylaws of Magnolia Park Office Condo Unit Owners

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,290 84,293 182,808
Median Age: 37.46 36.13 36.92
Households: 6,300 36,157 74,216

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