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1506 College Ave
Jackson, AL 36545
Office Property For Sale
EXECUTIVE SUMMARY
Current tenants include a State of Alabama Govenrment organization that has occupied the space for more than 20 years.
±4,090 SF professional office building featuring private parking in both the front and rear, offering convenient access for employees and clients
Attractive 9% Cap Rate, delivering strong cash flow and yield for investors
Centralized location on College Avenue, surrounded by national retailers, restaurants, and hotels - high visibility
Less than one mile from Coastal Alabama Community College – Jackson Campus
Approximately 67 miles to Mobile and 148 miles to Montgomery, offering access to two major Alabama markets
±4,090 SF professional office building featuring private parking in both the front and rear, offering convenient access for employees and clients
Attractive 9% Cap Rate, delivering strong cash flow and yield for investors
Centralized location on College Avenue, surrounded by national retailers, restaurants, and hotels - high visibility
Less than one mile from Coastal Alabama Community College – Jackson Campus
Approximately 67 miles to Mobile and 148 miles to Montgomery, offering access to two major Alabama markets
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
4,070 SF
Building Class
C
Year Built
1974
Price
$415,000
Price Per SF
$101.97
Cap Rate
9.08%
NOI
$37,686
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,070 SF
Building FAR
0.32
Lot Size
0.29 AC
Opportunity Zone
Yes
Zoning
B-3 - Commercial
PROPERTY TAXES
| Parcel Number | 3509324000053000 | Improvements Assessment | $45,880 |
| Land Assessment | $7,880 | Total Assessment | $53,760 |
PROPERTY TAXES
Parcel Number
3509324000053000
Land Assessment
$7,880
Improvements Assessment
$45,880
Total Assessment
$53,760
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