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$ 1,800,000
Est. payment | /mo
2.2 Acres Lot
$ 1,800,000
Est. payment | /mo
2.2 Acres Lot
Key Details
Property Type Commercial
Sub Type INVESTMENT
Listing Status Active
Purchase Type For Sale
MLS Listing ID 21920396
HOA Y/N No
Lot Size 2.200 Acres
Acres 2.2
Property Sub-Type INVESTMENT
Source Valley MLS
Property Description
Prime neighborhood retail asset totaling 19,683 SF along Oakwood Ave. The established center offers strong visibility, steady daily traffic, & reliable customer flow driven by dense surrounding rooftops, schools, churches, & service businesses. Current NOI is approximately $151,869, reflecting an 8.4% cap rate. Many existing rents are significantly below market, allowing a new owner immediate value-add potential. Minutes from Memorial Parkway, University Dr, & downtown, the property is well positioned for long-term demand.
Location
State AL
County Madison
Direction North On Memorial Parkway, Take Oakwood Avenue Exit And Turn Left On Oakwood Avenue, The Retail Center Will Be On The Left Just Before Corner Of Oakwood Avenue And Pulaski Pike.
Interior
Cooling Central Air
Flooring Concrete
Fireplace No
Exterior
Present Use Multi-Family
Building
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Copyright
Based on information from North Alabama MLS.
Based on information from North Alabama MLS.
Listed by Capstone Realty
Nearby Locations
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