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218 N Court St 9,000 SF 100% Leased Retail Building Florence, AL 35630 $1,800,000 ($200/SF) 5.67% Cap Rate
Investment Highlights
- Site is considered a good retail / commercial in terms of its location, exposure, & access to employment, education and shopping centers, location
- Sprinkler system and alarm
- Overall, the subject has a functional design considering the site and building configurations.
Executive Summary
The subject property has a multi-tenant design that is currently partially owner-occupied, and has a current occupancy level of 100.0%, which is above the stabilized occupancy level estimate of 96.0% that was developed in this appraisal. The entire downstairs of the subject (7,012 SF) is occupied by the owner, while the 2nd floor (2,392 SF) is occupied by a third party tenant.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
9,000 SF
Building Class
C
Year Built
1918
Price
$1,800,000
Price Per SF
$200
Cap Rate
5.67%
NOI
$102,060
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.90
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
Central Business District - Offices, retail sales and services, residential uses above the first floor, hospitality uses, restaurants, and civic; Entertainment District
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Beauty Loft by Reagan
- Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
- Pickett on Court
- Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Beauty Loft by Reagan | Services | 99,999 SF | - | Lorem Ipsum | - | |
| Pickett on Court | Services | 99,999 SF | - | Lorem Ipsum | - |
Walk Score®
Very Walkable (85)
Nearby Major Retailers
Property Taxes
| Parcel Number | 24-02-10-4-008-031.001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $127,720 |
Property Taxes
Parcel Number
24-02-10-4-008-031.001
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$127,720
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Presented by
Burdine and Gist
218 N Court St
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