Catylist ID: #30186363
Magnolia Place Office Space
Office for Sale
|Catylist Listing ID:||30186363|
|Property Subtypes:||Business Park, Office Building|
|Building Size (RSF):||1,050 SF|
|Gross Building Area:||4,200 SF|
|Gross Land Area:||0.70 SF|
|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|
Overview / Comments
Creole style with drive-up parking. Offering one office/condo for sale $89,900.
Unit B2 is currently leased for three years, with tenant having an option to purchase.
Spaces are in great shape and feature leaded glass wood entrance doors, wood baseboards, 2 stage wainscoting through out, neutral new paint, drive up parking and a marquis for each unit is located at the entrance.
Exterior upkeep is handled by the association, Owner handles interior repairs and maintenance. Each unit is separately metered.
A2 features reception with small receptionist office, interior office, 2 executive offices, breakroom and rr. Office is well appointed with chairrailing, neutral paint and carpet accented with white finishes.
B2 features reception area with break counter and 2 restrooms (one with shower), 3 offices and a large storage room. 2 Offices feature built ins. All new paint and flooring excepting one office which has hard wood. Must see, beauty.
|Finance Data Year||2018|
|Real Estate Taxes - Annual($)||$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|
|Taxing Authority:||Mobile County Revenue Commission|
|Property Located Between:||Airport and Cottage Hill Rd|
|Total Number of Buildings:||2|
|Number of Stories:||2|
|Typical SF / Floor:||2,100 SF|
|Exterior Description:||Creole Style|
|Air Conditioning:||Package Unit|
|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|
|Proximity:||1 mile||3 miles||5 miles|
Jill MeeksStirling Properties Mobile Mobile, AL 36602
|The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.|