1018 Union - Storefront Retail/Residential FOR SALE


Selma, AL 36701
$59,900 USD
760-741-3333
1018 Union, Selma, AL for Sale
$59,900 USD
Storefront Retail/Residential - FOR SALE
1/40
null | Request Cap Rate

1018 Union
Selma, AL 36701


HIGHLIGHTS

  • 17 rooms with new concrete floors, drywall, paint, electric wiring and panels, lighting, insulation, and bathrooms
  • ADA ramps

OVERVIEW

Rebuilt Former Boy's Club and Soup Kitchen features 17 rooms. Rebuilt to commercial restaurant standards with new stucco, decorative concrete flooring, drywall, paint, electric, lighting, HVAC vents and duct.ADA compliant. North rooms have new steel roofing. Fenced with 6' gates. Concrete patio on north side for Autumn shade. Commerical Uses: Large kitchen, 2 dining halls with ADA ramps make building a prospect for: Food Prep, cook in large 7 room kitchen for Catering, Commissary, Bakery, or Take Out Food truck Elderly Living Center Boys Club or Social Club Child Care Center Church Storage - Minimal windows make it secure. Convert to residential duplex with a wall down the center Presently constructed as a Restaurant with street parking. Surrounded by 5 vacant lots that could be used as parking. Location is a few blocks west of historic downtown Selma Rooms include: Front Entry Room with wooden 1:12 ramp Side Entry Room with concrete ramp 3 Bathrooms Large Dining Hall Large Banquet Room Banquet Support Room Waiting Area Kitchen Kitchen Prep Office Sauce Prep Server Station Walk-In Cooler Mop and Sink Room Condition Report by commercial appraiser James Lester: Remodeled inside and out, new concrete floors and drywall Metal roof Painting is complete. Work inspected to code Sheet rock has been well done. Incomplete: Kitchen, but sink, gas stove and large frig are in building. 2-3 Bathrooms depending on end use HVAC Ducts installed but needs compressor. Air handler in building.

FOR SALE DETAILS

PRICE

$59,900 USD

PRICE/SF

$21 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Selma

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

J. L. Chestnut Jr Blvd

LAND ACRES

0.11 AC

LAND SF

4,860 SF

ZONING

Residential - MIxed

APN/PARCEL ID

11-07-25-3-005-017.0000

ASK ABOUT THIS PROPERTY

Alexander AlbertAlexander Albert CompanyMore Info
760-741-3333

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Alexander AlbertAlexander Albert CompanyMore Info
760-741-3333

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.