12,000 SF Multi-Purpose Building

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30328305
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Tavern/Bar/Nightclub, Other
Status: Pending
Building Size (RSF): 11,867 SF
Gross Building Area: 12,074 SF
Gross Land Area: 1.60 Acres
Sale Price: $750,000
Unit Price: $63.20 PSF
Ceiling: 15 ft.
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Building Name: School Aids Building
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 10/11/2019

Overview / Comments

Stirling Properties is pleased to offer this free standing 12,070 +/- SF
building that was originally constructed in 1998 with complete renovations
in 2013. These renovations include retail, warehouse, 4 offices, conference
room, kitchen and a service room. With over 25,000 vehicles per day this
site consists of approximately 1.6 +/- acres with direct ingress/ egress to
University along with cross access with the adjacent properties leading to
the Walmart neighborhood Market. Owner-occupant looking to relocate;
no holdover tenants & flexible schedule for closing.
DO NOT DISTURB TENANT. Call for showing.

Attachments & Media

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: 2808344002067.008
Zoning: B-3
Retail Clientele: General, Family, Business, Other
Property Located Between: Airport and Cottage hill
Property Visibility: Good
Largest Nearby Street: Cottage Hill and University
Feet of Frontage: 380
Traffic/Vehicle Count: 30,000
Highway Access: Easy acess to I-10. site sits just 3 miles west of I-10
Area Description: The Property is located just north of Cottage hill of the intersection of University Blvd and Cottage Hill. There are many surrounding national and regional retailers with a population of over 68,000 in a 3 mile radius and over 125,000 in a 5 mile radius with an average household income of $71,319.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 12,074 SF
Property Condition: Good
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: Brick and Block on a slab foundation
Total Parking Spaces: 49
Parking Ratio: 4 (per 1000 SF)
Parking Type: Surface
Parking Description: the parking ratio is approximately 4/1000 sf which should suffice for most traditional retail uses
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Nice glass door entracne with lobby / Sales counter the Open air retail portion of space consists of 7,239 +/- SF with a nice glass entrance. There are 4 offices consisting of 1,760 +/- SF and a warehouse/ storage portion of the building that consists of 2,875 +/- SF
Zoning Description: B-3
Lot Frontage: 360
Lot Depth: 248
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,951 79,082 178,340
Median Age: 37.55 36.46 36.88
Households: 6,079 34,017 72,601
The information presented herein is provided as is, without warranty of any kind. Neither Catylist nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.