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Jim Myers Drug, Inc. 3325 University Blvd E 8,000 SF Retail Building Tuscaloosa, AL 35404 $699,900 ($87.49/SF)
EXECUTIVE SUMMARY
Approximately 8,000 sq ft former pharmacy, now vacant and ready for its next use. This commercial building offers a true blank canvas for investors or business owners looking to expand or customize a space to fit their vision. Potential uses include retail, office, church, daycare, or other commercial opportunities (buyer to verify zoning). Featuring road frontage along University Boulevard and located just minutes from The University of Alabama, restaurants, and grocery stores. Warehouse behind property is 2500 square feet and can be purchased in addition to or separately from pharmacy. Contact listing agents for me detail.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$96,000
|
$9.14
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,800
|
$0.46
|
| Effective Gross Income |
$91,200
|
$8.69
|
| Taxes |
$6,140
|
$0.58
|
| Operating Expenses |
$800
|
$0.08
|
| Total Expenses |
$6,940
|
$0.66
|
| Net Operating Income |
$84,260
|
$8.02
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $96,000 |
| Annual Per SF | $9.14 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $4,800 |
| Annual Per SF | $0.46 |
| Effective Gross Income | |
|---|---|
| Annual | $91,200 |
| Annual Per SF | $8.69 |
| Taxes | |
|---|---|
| Annual | $6,140 |
| Annual Per SF | $0.58 |
| Operating Expenses | |
|---|---|
| Annual | $800 |
| Annual Per SF | $0.08 |
| Total Expenses | |
|---|---|
| Annual | $6,940 |
| Annual Per SF | $0.66 |
| Net Operating Income | |
|---|---|
| Annual | $84,260 |
| Annual Per SF | $8.02 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,000 SF
Building Class
B
Year Built
1994
Price
$699,900
Price Per SF
$87.49
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.77 AC
Zoning
BN - In Alabama, the BN zoning designation typically stands for Business, Neighborhood.
Parking
50 Spaces (6.25 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 | $6,140 ($0.77/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
$6,140 ($0.77/SF)
Tax Year
2025
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Jim Myers Drug, Inc. | 3325 University Blvd E
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