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North Alabama Warehouse Opportunity
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10305 Co Rd 51, Lexington, AL 35648

48,000 SF warehouse on 5.4 acres near Florence, AL.

Property Size48,000 SF
Lot Size5.40 Acres
Price / SF$11.02
Days on Market763

Property Features for 10305 Co Rd 51

General Information

Standard status Active
Size 48,000 SF
Lot size 5.40 Acres
Property subtype Industrial

Building Details

Year Built 1981
Listing Agency: Park Properties
Listed By: Jed Park · License #000065313-0
Source: Crexi
Added: Jun 28, 2024 Changed: Jul 6 Last Checked: Jul 28 at 12:59PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Park Properties

Investment Insights

Based on property information with market context.

This property features 48,000 square feet of warehouse space located in the North Alabama metroplex, approximately 22 miles from Florence. The site includes two buildings, offering flexibility for various uses. Building A provides 38,740 square feet, while Building B offers 19,500 square feet. The property allows for options such as operating in one building and renting out the other, utilizing both buildings for a single operation, or renting out both spaces. The site is equipped with ample three-phase power and sewer access. A variety of roof heights are present across the buildings. Situated on a 5.4-acre site, the property allows for further expansion. Month-to-month tenants currently generate almost $5,000 per month in gross income. The existing leases can be converted to long-term agreements if desired.

Key Highlights

  • 48K sq ft warehouse with two buildings offering flexible usage options
  • 5.4‑acre site allows for future expansion
  • Existing month‑to‑month tenants provide approximately $5,000 per month gross income

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Storage Facility Grocery & Convenience Store Building Supply Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

91
Businesses Nearby
Well-served
Demand for This Use

Demographics for 35648, AL

3,737
Population
1,400
Households
2.7
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
61.9 sq mi
ZIP Area
60
Density / Sq Mi
$71,563
Median Household Income
$37,188
Median Earnings
$623
Median Rent
$127,800
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Similar Off Market Nearby

  • Landmark Storage — 9400 AL-64, Lexington, AL 35648

Frequently Asked Questions

What type of property is this?
Warehouse - 48,000 SF warehouse on 5.4 acres near Florence, AL.
Where is this warehouse located?
The property is located at 10305 Co Rd 51 Lexington, AL.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: 48K sq ft warehouse with two buildings offering flexible usage options; 5.4‑acre site allows for future expansion; Existing month‑to‑month tenants provide approximately $5,000 per month gross income
(256) 426-3777 Call to check price and availability
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