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1801 S Broad Ave 8,120 SF 100% Leased Retail Building Lanett, AL 36863 $921,307 CAD ($113.46 CAD/SF)
INVESTMENT HIGHLIGHTS
- Great existing income
- Potential for owner financing with attractive down payment
- High traffic area
EXECUTIVE SUMMARY
This is a unique opportunity to own a high functioning commercial property with two tenants and a profitable business. The property features an auto shop equipped with four car lifts. Beside the auto shop, is additional space that can be used for another tenant or storing equipment and inventory. The pawn shop has a showroom, executive office, and inventory storage.
The business P&L shows just over $13k in monthly income and an additional $3,700 from tenants. The building also has a separate unit, perfect for a retail store or office. With multiple business possibilities and income potential, this property offers excellent investment value.
The business P&L shows just over $13k in monthly income and an additional $3,700 from tenants. The building also has a separate unit, perfect for a retail store or office. With multiple business possibilities and income potential, this property offers excellent investment value.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
8,120 SF
Building Class
B
Year Built
1995
Price
$921,307 CAD
Price Per SF
$113.46 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.00
Lot Size
0.19 AC
Zoning
c - Commercial/Service Shop
Parking
18 Spaces (2.22 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 10-07-36-3-001-004.000 | Improvements Assessment | $97,041 CAD |
| Land Assessment | $18,987 CAD | Total Assessment | $116,027 CAD |
PROPERTY TAXES
Parcel Number
10-07-36-3-001-004.000
Land Assessment
$18,987 CAD
Improvements Assessment
$97,041 CAD
Total Assessment
$116,027 CAD
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1801 S Broad Ave
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