Magnolia Springs Pharmacy WITH Rental Home

Retail-Commercial for Sale
Catylist Listing ID: 30875566
Property Subtypes: Mixed Use
Building Size (RSF): 6,020 SF
Gross Building Area: See Agent
Gross Land Area: 40,815 SF
Sale Price: $1,100,000
Unit Price: $182.72 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Magnolia Springs Pharmacy and Gifts
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/19/2024

Overview / Comments

REAL ESTATE FOR SALE ONLY!!! MASSIVE COMMERCIAL SPACE in the heart of Magnolia Springs! 25 mbps internet speed. +/-4200 sq ft on first floor. +/-1820 sq ft 2nd floor. 2 bedroom/1 bath apartment with kitchen/dining room and flex space. +/-1637 sq ft rental home next door with tenant in place at $1500 per month and is included in sale. Located in the Town of Magnolia Springs. Zoned B2.

Current Tenants

Tenant Business Name Private
Industry Type Professional/Scientific/Technical Services
Is Renting? Yes
Annual Revenue $10,800 (Annual)
Tenant Business Name Residential Renter
Annual Revenue $14,400 (Annual)
Tenant Business Name Private
Industry Type Professional/Scientific/Technical Services
Is Renting? Yes
Annual Revenue $10,800 (Annual)
Tenant Business Name Residential Renter
Annual Revenue $14,400 (Annual)

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-55-08-38-0-000-009.001
Zoning: B2
Property Visibility: Good
Largest Nearby Street: Highway 98
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Typical SF / Floor: 2,500 SF
Property Condition: Excellent

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,488 22,308
Median Age: 41.21 39.74
Households: 2,925 8,831

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