Remarks

Investor opportunity: Prime multi-tenant glass-front, brick office building in a very desirable location. Situated in the Skyline area with easy access to I-65, I-10 and Highway 90, this 6750 square foot office building is zoned B-2 and designed to accommodate a variety of business needs. Key features: Modern glass and brick front construction with a new roof installed in 2017 backed with a 20-year warranty. Unit sizes: Seven units ranging from 675 to 1125 square feet. Occupancy: Six of the seven units are currently leased, generating a current income of $65,100 annually. Vacancy opportunity: A 900 square foot unit, recently available, is offered for lease at $950. per month, providing potential for an owner-occupied suite or an additional tenant. Fully leased, this property offers a projected annual income of $76,500. The seller says he has had only one month of lost income in the past three years. Each unit is thoughtfully designed with a welcoming reception area, multiple private offices, functional kitchenettes, restrooms, ample parking in front of the building and front rear entrances for tenants. This property combines an attractive location, steady income potential and low maintenance construction, making it ideal for investors seeking a reliable, income-generating asset or for an owner-occupant looking to offset costs with rental income. Don’t miss this opportunity to own a premium multi-tenant office building in a prime location.

Details

MLS#: 7505630
Price: $680,000

Style: Business
Year Built: 1962

County: Mobile - AL
Lot Size: 149x169x144x175
Tax Fee: 5564