Historical Retail Sale Listing - BANK OWNED! DAY CARE BUILDING

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BANK OWNED! DAY CARE BUILDING

969 Spring Hill Ave, Mobile, AL 36604

N/A

4,000 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
4,000 SF
Property Type:
Retail
Property Sub-type:
Day Care Facility/ Nursery
Additional Sub-types:
Office Building
Property Use Type:
Investment
Distressed:
Yes
Commission Split:
2.2%
Cap Rate:
11%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Year Built:
1999
Lot Size:
16,536 SF
APN / Parcel ID:
R02-29-06-40-0-009-040.
Parking Ratio:
11 / 1,000 SF
Listing ID
17551781
Last Updated
over 1 year ago

Highlights

  • Bank Owned Commercial Property! This Sale to be "As Is, Where Is". Alabama right of redemption may apply.
  • Income Producing Property, currently rented on month to month basis
  • Tenant is a Day Care Business occuping the building for past 2 years.
  • Floor Plan includes: 4 classrooms, reception, lobby, 7 bathrooms, full kitchen.
  • Fenced Back Yard being used as a playground.
  • Asphalt parking lot for 12 vehicles in front of building

Description

Bank Owned Commercial Property, Alabama right of redemption laws may apply. Property being sold "as is", "where is". Available: 4,000+/- sq ft hvac, brick and block retail building. Currently being operated as a Day Care Business and rented on month to month basis. Property is Zoned for B-4.

Subject property fronts 5 lane highway, connecting downtown to west mobile.
Location is considered East Midtown and in close proximity to the Downtown Business District Area.

Map of 969 Spring Hill Ave, Mobile, AL 36604 (Mobile County)

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