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1800 9th Ave N
Bessemer, AL 35020

Retail Property For Sale

Investment Highlights

  • Corporate Lease Guarantee With Well Known & Established Tenant Sherwin Williams
  • Sherwin Williams Tenant at Subject Location Since 1969
  • Located on the Hard Corner at the Intersection of 9th Ave. N & 18th St. N | (2) Elevated Monument Signs on Parcel
  • Many Recent Capital Expenditures Including: New Parking Lot Surface & 2020 Roof Replacement With a 15 Year Warranty

Executive Summary

Legacy Commercial Group is pleased to exclusively offer the Sherwin-Williams occupied building located at 1800 9th Ave N in Bessemer, AL. The 5,166 SF building sits on a .28 acre Parcel directly on the intersection of 9th Ave N. and 18th St. N. Sherwin-Williams has over 6 years remaining on the current lease and has occupied the building since 1969. The property has undergone many capital improvement including parking lot resurface and roof replacement in 2020.

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,166 SF
Building Class
C
Year Built
1963
Price
£513,046
Price Per SF
£99
Net Initial Yield
6%
NOI
£30,783
Tenancy
Single
Number of Floors
1
Building FAR
0.42
Lot Size
0.28 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C4
Parking
8 Spaces (1.55 Spaces per 1,000 SF Leased)
Frontage
150 ft on 9th

Amenities

  • Pylon Sign
  • Signalised Intersection

PROPERTY TAXES

Parcel Number 38-00-09-2-001-006.000 Improvements Assessment £0
Land Assessment £0 Total Assessment £56,316

PROPERTY TAXES

Parcel Number
38-00-09-2-001-006.000
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£56,316
 

  • Listing ID: 34254971

  • Date on Market: 20/12/2024

  • Last Updated:

  • Address: 1800 9th Ave N, Bessemer, AL 35020

The Retail Property at 1800 9th Ave N, Bessemer, AL 35020 is currently available for sale. Contact Legacy Commercial Group for more information.

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