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1259-1283 Talladega Hwy
Sylacauga, AL 35150
Retail Property For Sale
Investment Highlights
- Lots of value add space
- Neighborhood Center
- This property is For Sale and For Lease
- Over 12,000 vehicles per day
- Surrounded by commercial and residential
Executive Summary
I am pleased to bring to the market this 2 building / 8 unit Marble City Plaza! There are currently 4 units leased with 4 units available. All the leases have a 5 year term with 1 - 5 year option with a 15% rent increase at each option period. 1 tenant signed in 2024, 2 tenants signed in 2025 and 1 tenant has signed in 2026. $91,000 NOI with the 4 current tenants. Total Pro Forma rent would be $222,000 and Total Pro Forma CAP would be 14.8%. Tenants pay $1 per foot for CAM. The available units are approx...8,000 square feet, 5,500 square feet, 3,200 square feet and 1,800 square feet. There are over 12,000 vehicles per day along Talladega Highway. This property is For Sale and For Lease.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Building Size
30,200 SF
Building Class
C
Year Built
1969
Price
$2,077,860 CAD
Price Per SF
$68.80 CAD
Cap Rate
6.07%
NOI
$126,057 CAD
Percent Leased
39%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
3.49 AC
Zoning
Commercial - Commercial
Parking
86 Spaces (2.85 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 27-04-20-4-007-002.000 | Improvements Assessment | $367,643 CAD |
| Land Assessment | $54,246 CAD | Total Assessment | $421,889 CAD |
Property Taxes
Parcel Number
27-04-20-4-007-002.000
Land Assessment
$54,246 CAD
Improvements Assessment
$367,643 CAD
Total Assessment
$421,889 CAD
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