12547 County Road 49 - Office/Residential FOR SALE


Foley, AL 36535
$950,000 USD
251-367-2970
12547 County Road 49, Foley, AL for Sale
$950,000 USD
Office/Residential - FOR SALE
1/80
null | 3.22% Cap Rate

12547 County Road 49
Foley, AL 36535


HIGHLIGHTS

  • Features an established anchor tenant.
  • Includes a drive-thru pharmacy window.
  • Offers multiple income streams.
  • Ideal for an owner-occupant.
  • Offers a sale/leaseback option.
  • Provides value-add potential.

OVERVIEW

Magnolia Springs Pharmacy & Gifts occupies 2,400 SF and brings strong community goodwill and foot traffic as a long-standing local institution. Seven income sources on one parcel - 5 office suites, 1 upstairs apartment, and 1 residential rental home - diversify revenue and reduce risk. Rare amenity for a small-market property — the drive-thru window adds convenience and a competitive advantage for the pharmacy tenant. A business owner can occupy the pharmacy suite or any office space while leasing the remaining units, effectively offsetting occupancy costs.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$200 USD /SF

CAP RATE

3.22%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

B2

APN/PARCEL ID

55-08-38-0-000-009.001

ASK ABOUT THIS PROPERTY

Robert CookVallas Realty Inc.More Info
251-367-2970

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Robert CookVallas Realty Inc.More Info
251-367-2970

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