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502 3rd St SE 2,400 SF Vacant Office Building Cullman, AL 35055 $485,000 ($202.08/SF) 6.39% Cap Rate
INVESTMENT HIGHLIGHTS
- Historical home with High ceilings
- New roof and insulated double pain windows
- Refinished knotty pine floors
- High traffic and visibility area on main artery through town
- New insulation in walls and ceiling
- Updated electrical and plumbing
EXECUTIVE SUMMARY
WHAT I LOVE ABOUT THE HOME/OFFICE
Nastalgic, High Ceilings. Craftsman quality with solid oak framing, knotty pine flooring thought home, Tile in wet areas, New architectural shingle roof, New Hardy board siding, New outdoor and indoor light fixtures/lighting, and freshly painted
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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
AMENITIES
- Signage
- Wheelchair Accessible
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Office in the midst of Historical District. Office situated on a main artery through town with high visibility and traffic. Many updates include new roof, new insulated double pane windows, refinished wood floors, new electrical , plumbing , HVAC, and sewer lines. Also contains a burglar/fire alarm system installed. This home has many possibilities. Please contact us for more information. WHAT I LOVE ABOUT THE HOME/OFFICE Craftsman quality with solid oak framing, knotty pine flooring thought home, Tile in wet areas, New architectural shingle roof, New Hardy board siding, New outdoor and indoor light fixtures/lighting, and freshly painted
Office in the midst of Historical District. Office situated on a main artery through town with high visibility and traffic. Many updates include new roof, new insulated double pane windows, refinished wood floors, new electrical, plumbing, HVAC, and sewer lines. Also contains a burglar/fire alarm system installed. This home has many possibilities. Please contact us for more information. WHAT I LOVE ABOUT THE HOME/OFFICE Craftsman quality with solid oak framing, knotty pine flooring thought home, Tile in wet areas, New architectural shingle roof, New Hardy board siding, New outdoor and indoor light fixtures/lighting, and freshly painted
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 1,200 SF | Office/Medical | Full Build-Out | Now |
| 2nd Floor | 1,200 SF | Office/Medical | Full Build-Out | Now |
1st Floor
| Size |
| 1,200 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 1,200 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 1,200 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Office in the midst of Historical District. Office situated on a main artery through town with high visibility and traffic. Many updates include new roof, new insulated double pane windows, refinished wood floors, new electrical , plumbing , HVAC, and sewer lines. Also contains a burglar/fire alarm system installed. This home has many possibilities. Please contact us for more information. WHAT I LOVE ABOUT THE HOME/OFFICE Craftsman quality with solid oak framing, knotty pine flooring thought home, Tile in wet areas, New architectural shingle roof, New Hardy board siding, New outdoor and indoor light fixtures/lighting, and freshly painted
2nd Floor
| Size | 1,200 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Office in the midst of Historical District. Office situated on a main artery through town with high visibility and traffic. Many updates include new roof, new insulated double pane windows, refinished wood floors, new electrical, plumbing, HVAC, and sewer lines. Also contains a burglar/fire alarm system installed. This home has many possibilities. Please contact us for more information. WHAT I LOVE ABOUT THE HOME/OFFICE Craftsman quality with solid oak framing, knotty pine flooring thought home, Tile in wet areas, New architectural shingle roof, New Hardy board siding, New outdoor and indoor light fixtures/lighting, and freshly painted
Presented by
EHA LLC
502 3rd St SE
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