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Jim Myers Drug, Inc. 3325 University Blvd E 10,500 SF 100% Leased Retail Building Tuscaloosa, AL 35404 $899,900 ($85.70/SF)
EXECUTIVE SUMMARY
With over 8,000 sq ft of space and a 2500 sq ft warehouse in the back, this property is filled with opportunity. The main level offers endless potential for a variety of businesses—imagine a laundromat, daycare, salon, retail shop, or more. The upstairs could be converted into office spaces and rented separately, providing additional income potential. With some TLC, this building could be transformed into a thriving business! The main building can also be rented out for $6000/mth. The back warehouse can be rented for $2000/mth.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
10,500 SF
Building Class
B
Year Built
1994
Price
$899,900
Price Per SF
$85.70
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.97 AC
Zoning
BN - In Alabama, the BN zoning designation typically stands for Business, Neighborhood.
Parking
50 Spaces (4.76 Spaces per 1,000 SF Leased)
Frontage
173’ on University Blvd
AMENITIES
- 24 Hour Access
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $165,540 (2024) | |
| Land Assessment | $20,840 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $144,700 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$20,840 (2024)
Improvements Assessment
$144,700 (2024)
Total Assessment
$165,540 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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NextHome Legacy Group
Jim Myers Drug, Inc. | 3325 University Blvd E
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