Remarks

Beautiful, well maintained building in the historic downtown Columbus area. Occupying nearly a city block, this property represents a unique purchase-leaseback investment opportunity. Regions Bank will remain in the building occupying the first floor of 10,745 sq ft. The bank would be under a 10 year lease with an additional three, 5 year renewable options. That would be an 8% CAP rate for that sq footage. This leaves 30,000 sq ft(+/-) to be occupied or leased plus a basement for storage. Building has two elevators one on the east side the other on the west side of the building. 153 parking spaces. Roof is 12 years old, part shingled, part flat with no past issues or major repairs. Building has basement that is not included in the square footage.

Details

MLS#: 23-1164
Price: $1,880,000

Style: Commercial
Sq Ft: 40768.00

County: Lowndes
Subdivision: None
Lot Size: 2.42 Acres(+/-)
Tax Fee: 60909.00