2452 Kowaliga Rd - Storefront Retail/Office FOR SALE


Eclectic, AL 36024
$1,400,000 USD
334-488-9842
2452 Kowaliga Rd, Eclectic, AL for Sale
$1,400,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | Request Cap Rate

2452 Kowaliga Rd
Eclectic, AL 36024


OVERVIEW

This shopping center consists of 12,800 sf of commercial space on 2.8 acres and is 82% occupied with NNN leases. It sits on the corner of Hwy 63 (Kowaliga Rd) and Central Ave in Eclectic, Al, just minutes down the road from Lake Martin. Recent appraisal in hand. Current tenants are a nail salon, a coffee shop, a children's speech pathologist, a construction office and a large daycare. At 82% occupancy, current rental income is $148,000 per year. Property taxes and insurance premiums are covered by the tenants. Each unit is individually metered for power. Brand new metal roof installed in 2023. There is only 1 vacant retail space of 1,079 sf and 6 vacant 180 sf individual offices upstairs. Plenty of value add opportunity when those spaces are leased. This shopping center is located in a quickly growing area and will only continue to grow with time. This is an excellent opportunity for an investor seeking long term stable cash flow in a fast growing market.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$110 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Village 63 Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.75 AC

LAND SF

119,790 SF

ZONING

Business

APN/PARCEL ID

11-02-03-1-001-007000-0

ASK ABOUT THIS PROPERTY

Spencer MannJSM Property & DevelopmentMore Info
334-488-9842

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Spencer MannJSM Property & DevelopmentMore Info
334-488-9842

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