766 Middle Street, Fairhope, AL 36532
sale
$1,850,000
|
Other
Courtesy Of Wise Living Real Estate, LLC
Two buildings on property. Back building has a total of 6286 sq ft; 4300 SF of open warehouse, 1,100 SF of office (5 offices, 3 bathrooms, and a conference room), and 886 SF of mezzanine storage space. Existing tenant in place that finished a 3 year initial term and exercised the 1st of two, two year options. The 2nd option is coming up at the beginning of next year. The front building (totaling 7591 SF) consists of 2409 SF of warehouse in the center with 2 roll up doors, and 2591 SF of office space on each end of the building (2 floors). There are 4 short term, furnished rentals spaces (each with a full bathroom) on site. There are multiple other tenants on site occupying individual office suites. Current owner will entertain a lease back and owner financing with 25% down. Property is zoned M1. Owner collects all rents and manages tenant activity on their own. Buyer to verify all information during due diligence.
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Property Features
- Age: 31-40 Years Old
- Floor Covering: Vinyl
- Floor Covering: Tile
- Floor Covering: Carpet
- Floor Covering: Concrete
- Floors: 2
- Legal Description: 100 X 281.8 IRR COMM AT THE NE COR OF SEC 20 TH RUN S 959 , TH W 666 FOR THE POB TH S 281.8, TH W 100, TH N 280.2, TH E 100 TO THE POB SEC 20-T6S-R2E (QCD) IN# 930373
- MLSID: 398524
- Roof Type: Metal
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