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- RE: Retail And Commercial Properties For Sale
- Contact: Philip Webb
Quick Facts
Asking Price: | $1,679,000 | |
Annual Revenue: | Not Disclosed | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | $1,679,000 | |
Year Established: | 1965 | |
Employees: | Not Disclosed | |
BBN Listing #: | 942869 | |
Broker Reference #: | 86715-939126 |
Business Overview:
The total real properties for sale is located in one large commercial block area consisting of 4 different office buildings and one vacant lot. 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 are currently vacant commercial retail office and warehouse buildings, which can be rented out to new commercial tenants by securing market rental agreements. Visibility and demographics for this area are supportive of securing new commercial tenants. 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 while increasing their return on investment securing new commercial tenants.
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Property Features and Assets:
Facilities: The total facility for sale is one large commercial block consisting of 4 different office buildings and one vacant lot.
One of the properties is a retail warehouse with an existing commercial retail tenant that his been at the location for over 55 years or more.
The other properties are currently vacant commercial retail office and warehouse buildings that can be rented out based on market rents for the area.
Market Competition and Expansion:
Expansion: Securing new commercial tenants with long term lease agreements for the vacant buildings and thus improving FMV.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
- View more Alabama businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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