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$1,985,263
Est. payment /mo
20,400 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Sale
Listing Status Active
Purchase Type For Sale
Square Footage 20,400 sqft
Price per Sqft $97
MLS Listing ID 201997
Year Built 1985
Lot Size 2.000 Acres
Acres 2.0
Property Sub-Type Commercial Sale
Property Description
Prime industrial investment opportunity offered at a 9.5% cap rate. This 20,400 Sq. Ft. concrete block building sits on approximately 2 acres and is located just off N. Main Street (Hwy. 84) with convenient access to AL-167. Less than 1 mile from Boll Weevil Circle - primary retail corridor in Enterprise, Alabama. The area has seen significant growth with new U-Haul storage additions and new Legacy Travel Center under development nearby on AL-167. Surrounding establishments in the area include UPS, Uhaul, Army National Guard, AirGas, Enterprise Civic Center and Yancey Parker Industrial Park. The building includes a loading dock with total of 6 roll-up doors 8' - 16' high. 21' eave height and 24' center ceiling height. Building improvements made in 2022-2023: full elastomeric roofing spray, new interior wall and tuff grip floor paint, small office space added with mini-split A/C unit, new 200 AMP panel and updated wiring and 4 commercial-grade AC units. New exterior paint currently in progress. The property is occupied by a single tenant and leased through May 2027 with renewals.
Location
State AL
County Coffee
Area 15 Coffee
Exterior
Waterfront Description No Waterfront
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories 1
Others
Tax ID 1603053000008004
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Listed by NAI TALCOR
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