1718 Creighton Ave SE - Flex FOR SALE


Decatur, AL 35601- Downtown Decatur
$360,000 USD
256-351-8595
1718 Creighton Ave SE, Decatur, AL for Sale
$360,000 USD
Flex - FOR SALE
1/27
null | 9.78% Cap Rate

1718 Creighton Ave SE
Decatur, AL 35601
Downtown Decatur


HIGHLIGHTS

  • Four-unit flex property totaling 5,000 square feet with income-producing potential
  • Two units fully remodeled in 2024 with professional office layouts and break areas
  • Recent capital upgrades include a new 20-year roof and air conditioning installed in 2023
  • Convenient access with front offices, rear entrances, three roll-up doors, and one standard door
  • Two units currently leased until August 2026, offering immediate cash flow opportunities

OVERVIEW

This free-standing flex property offers a diversified income opportunity with four functional units totaling 5,000 square feet. Two units are currently leased through August 2026, providing in-place cash flow and stability with below-market rents, making this an outstanding value-add investment. At a purchase price of $360,000 and a cap rate of 9.78%, the property represents a compelling acquisition for investors seeking long-term upside and stable returns. Recent capital improvements include a new 20-year roof installed in 2023 and two units remodeled in 2024, featuring modern office layouts with entry halls, private offices, break areas, and flexible conference space. Each suite benefits from front office visibility, rear entrances, and functional access with a combination of three roll-up doors and one standard door. The property is also supported by updated HVAC systems for comfort and efficiency.

FOR SALE DETAILS

PRICE

$360,000 USD

PRICE/SF

$72 USD /SF

CAP RATE

9.78%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28

LAND SF

12,306

ZONING

-

APN/PARCEL ID

03-09-29-3-002-025.001

ASK ABOUT THIS PROPERTY

Tony ParkerMarmac Real EstateMore Info
256-351-8595

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

Tony ParkerMarmac Real EstateMore Info
256-351-8595

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