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Listed by Glenn Cooper • First Realty of Greenville
$ 799,900
Est. payment /mo
New
525 Greenville BYP Greenville, AL 36037
53,143 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 53,143 sqft
Price per Sqft $15
MLS Listing ID 590539
HOA Y/N No
Year Built 1999
Annual Tax Amount $5,980
Property Sub-Type Commercial
Property Description
Excellent commercial investment opportunity offered at $799,900! This approximately 9400 sq ft. multi-tenant bldg is situated on a prominent corner lot along Greenville Bypass and offers established income with significant potential for additional revenue.
The largest portion of the bldg is currently leased at a base rent of $37,454.40 annually. The tenant also pays approx. $4,284 in property taxes, $3432 in insurance, $4728 in janitorial expenses, and $240 in annual pest control. An addition 1721 sq ft suite is currently availabla for lease at $1600 per month representing additional annual base rent of $19,308.Once leased at the current asking rate, total base rental income from these two spaces would be approx. $56,762 annually. The middle suite is presently occupied rent-free by a non-profit organization, offering further potential for increased future income.
With an established tenant, multiple rentable spaces, excellent visibility, and a desirable corner location, the property offers an attractive combination of current income and value-add potential for an investor or owner-user.
The largest portion of the bldg is currently leased at a base rent of $37,454.40 annually. The tenant also pays approx. $4,284 in property taxes, $3432 in insurance, $4728 in janitorial expenses, and $240 in annual pest control. An addition 1721 sq ft suite is currently availabla for lease at $1600 per month representing additional annual base rent of $19,308.Once leased at the current asking rate, total base rental income from these two spaces would be approx. $56,762 annually. The middle suite is presently occupied rent-free by a non-profit organization, offering further potential for increased future income.
With an established tenant, multiple rentable spaces, excellent visibility, and a desirable corner location, the property offers an attractive combination of current income and value-add potential for an investor or owner-user.
Location
State AL
County Butler
Area Butler County
Zoning Commercial
Interior
Heating Central, Electric
Cooling Heat Pump
Flooring Concrete, Carpet
Fireplace No
Exterior
Utilities Available Electricity Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available
Total Parking Spaces 30
Building
Lot Description City Lot, Level
Story 1
Schools
Middle Schools ,
Others
Security Features Fire Sprinkler System
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional