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1030 13th St E
Tuscaloosa, AL 35404
GFG Fitness · Retail Property For Sale
Investment Highlights
- Seller to lease back @ $7600 per month gross with 3.5 years left on current lease with 5-year option to renew.
- Central location near three major retail centers, restaurants and large upscale apartment compleses.
Executive Summary
Great high-visibility property in an excellent, central location convenient to DCH Regional Medical Center, U of A, and large upscale apartment complexes. Ideal for retail, medical office, showroom, restaurant or office complex. Seller operates the existing 24-hour fitness business and is willing to lease the building back from the buyer at $7,600 per month gross with 3 1/2 years remaining on the current lease, with an additional 5-year option (great 1031 opportunity). The adjacent lot can also be purchased for an additional $300,000 for expansion or another business. This is the hottest growth corridor in Tuscaloosa with restaurants, a Fresh Market grocery store and three major retail shopping developments in the area, so don’t miss this opportunity.
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
5,300 SF
Building Class
C
Year Built
2012
Price
$2,068,005 CAD
Price Per SF
$390.19 CAD
Cap Rate
6%
NOI
$124,080 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.68 AC
Opportunity Zone
Yes
Zoning
MX5 - High-visibility property in an excellent, central location convenient to DCH Regional Medical Center, U of A, and large upscale apartment complex.
Parking
42 Spaces (7.92 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Security System
- Air Conditioning
Property Taxes
| Parcel Number | 30-04-19-3-011-004.000 | Improvements Assessment | $177,828 CAD |
| Land Assessment | $25,702 CAD | Total Assessment | $203,531 CAD |
Property Taxes
Parcel Number
30-04-19-3-011-004.000
Land Assessment
$25,702 CAD
Improvements Assessment
$177,828 CAD
Total Assessment
$203,531 CAD
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