1217 Rucker Blvd - Retail FOR SALE


Enterprise, AL 36330
$950,000 USD
205-870-8580
1217 Rucker Blvd, Enterprise, AL for Sale
$950,000 USD
Retail - FOR SALE
1/5
null | 7.76% Cap Rate

NEW


1217 Rucker Blvd
Enterprise, AL 36330


OVERVIEW

LAH Commercial Real Estate is pleased to present this 9-unit value-add retail investment opportunity located along the main commercial corridor in the growing market of Enterprise, Alabama. Building includes 8,269 SF ± on the main level (9 street front units) plus 8,269 SF ± on the lower/basement level (9 warehouse/storage units) accessed from the rear yard which provides overflow parking. Site: 1.36 acres ± All 9 main level units are currently leased, with the ninth unit undergoing rehabilitation by a restaurant tenant; most of these spaces have very similar layouts. Most tenants are on annual leases, providing a prospective owner with flexibility to extend existing leases or reposition the property with higher-paying tenants. Each unit is separately parceled, providing the potential for a future owner to sell the units individually. The property is conveniently near Downtown Enterprise and Fort Rucker. All utilities are separately metered. Current rents are below market, providing a strong value-add opportunity. Each unit also includes private, walled-off basement/storage space that could be leased to existing tenants or marketed to outside users for additional income. Landlord responsibilities include HVAC, roof, and parking lot maintenance, major capital expenditures as needed, dumpster service, occasional cleaning, common area electricity for one light, and lawn care. Tenant responsibilities include utilities, routine maintenance and repairs within their respective units, and maintenance of the exterior of each individual unit. The property benefits from an average daily traffic count of approximately 21,484 vehicles, providing excellent visibility and exposure along a busy commercial roadway.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$57 USD /SF

CAP RATE

7.76%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

1217 Rucker Boulevard

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

16-01-11-3-002-030.001

ASK ABOUT THIS PROPERTY

Alex KyriazisLAH Commercial Real EstateMore Info
205-870-8580

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Alex KyriazisLAH Commercial Real EstateMore Info
205-870-8580

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