Prime industrial investment opportunity offered at a 9.5% cap rate. This 20,400 Sq. Ft. concrete block building sits on approximately 2 acres and is located just off N. Main Street (Hwy. 84) with convenient access to AL-167. Less than 1 mile from Boll Weevil Circle - primary retail corridor in Enterprise, Alabama. The area has seen significant growth with new U-Haul storage additions and new Legacy Travel Center under development nearby on AL-167. Surrounding establishments in the area include UPS, Uhaul, Army National Guard, AirGas, Enterprise Civic Center and Yancey Parker Industrial Park. The building includes a loading dock with total of 6 roll-up doors 8' - 16' high. 21' eave height and 24' center ceiling height. Building improvements made in 2022-2023: full elastomeric roofing spray, new interior wall and tuff grip floor paint, small office space added with mini-split A/C unit, new 200 AMP panel and updated wiring and 4 commercial-grade AC units. New exterior paint currently in progress. The property is occupied by a single tenant and leased through May 2027 with renewals.
| Date | Price |
|---|---|
| -- | New Value: $1,985,263 |
| 12/21/2024 6:14:00 PM | New Value: $1,985,263 |
