3524 Decatur Hwy
16,686 SF Vacant Retail Building Fultondale, AL 35068 £1,023,835 (£61/SF) 7.20% Net Initial Yield
Investment Highlights
- Ample parking
- Located in a healthy submarket of Birmingham
Executive Summary
Longleaf Realty Partners is pleased to exclusively offer for sale this 16,686 SF office building. This is a great investment opportunity for an owner-occupier who needs a small office space, or an investment property. Located in a healthy submarket of Birmingham, with a large residential development under construction adjacent to the property. This property has an upside as rents are below market, and price per square foot is 48% of replacement cost. Tenants include Chick-Fil-A Professional Development Center, Birmingham Podiatry, and others, with ample parking.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
16,686 SF
Building Class
C
Year Built
1987
Price
£1,023,835
Price Per SF
£61
Net Initial Yield
7.20%
NOI
£73,716
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
3
Slab to Slab
10 ft
Building FAR
0.29
Lot Size
1.32 AC
Zoning
B1
Parking
53 Spaces (3.18 Spaces per 1,000 SF Leased)
PROPERTY TAXES
Parcel Number | 14-00-24-3-002-001.000 | Improvements Assessment | £0 |
Land Assessment | £0 | Total Assessment | £211,238 |