Large Two-Tenant Retail Building

Retail-Commercial for Sale
Catylist Listing ID: 30276275
Property Subtypes: Free-Standing Building
Building Size (RSF): 23,550 SF
Gross Building Area: See Agent
Gross Land Area: 2.70 Acres
Sale Price: $1,250,000
Unit Price: $53.08 PSF
Property Use Type: Vacant/Owner-User
Building Name: Former Fred's / Yazoo Trading Company
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/13/2018

Overview / Comments

Former Fred's / Yazoo Trading Company store located one-half mile north of Cox Creek Parkway on Cloverdale Road (Alabama Highway 157). The pre-engineered metal building was constructed in 2007 and features a stucco and block facade. The building is divided into two spaces, with the Fred's space containing approximately 18,000 SF space in typical retail condition with VCT flooring, acoustic ceiling tiles, fluorescent lighting, with two restrooms, a storage room, and office area. This space also has a covered loading dock. The adjacent 5,550 SF space is in warm dark shell condition; this area is sprinkled and has plumbing stubbed at the rear for restrooms. Approximately ninety (90) marked parking spaces are located in front of the building.

Additional Details

Nearest MSA: Florence-Muscle Shoals
County: Lauderdale
Taxing Authority: Lauderdale County
Tax ID/APN: 15-08-27-3-002-048.056
Retail Clientele: General
Property Located Between: Wright Drive & Heathrow Drive
Property Visibility: Good
Feet of Frontage: 190
Traffic/Vehicle Count: 20,800
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Property Condition: Good
Year Built: 2007
Roof Type: Flat
Construction/Siding: Block, Metal Siding, Steel Frame, Stucco
Total Parking Spaces: 90
Parking Ratio: 3.8 (per 1000 SF)
Parking Type: Surface
Sprinklers: Wet

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,653 36,284 48,502
Median Age: 43 39.22 39.22
Households: 1,494 16,036 21,133


Photograph of Listing Agent

Justin Bishop, CCIM

Pounders and Associates, Inc.
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