1808 Main St Atmore, AL 36502

This exceptional 10,000-square-foot industrial property, situated on a spacious 5-acre lot in Atmore, Alabama, presents a compelling investment opportunity. The property features a single-story, 1996-built building with a Class C designation and a flexible B-2 General Business zoning, allowing for diverse commercial uses. Currently operating at 50% occupancy with one tenant, the property generates a strong net operating income (NOI) of $56,034, with a pro-forma NOI of $116,034. The asking price is $675,000, representing a current cap rate of 8.30% and a pro-forma cap rate of 17.19%. Key features include six 12' x 16' high dock-high doors and one 24' x 16' high dock-high door, accommodating large equipment. Approximately 648 square feet of office space is available, split between upstairs and downstairs, each with window air conditioning. The property boasts a 20-foot ceiling height and a metal exterior with a 2-on-12 pitch metal roof, ensuring durability and low maintenance. Located at 1808 & 1812 S Main St, Atmore, AL 36502, this property benefits from its proximity to I-65 and Wind Creek Casino & Hotel, and is situated in a growing area with significant recent economic development, including new businesses and infrastructure projects. The property is offered fee simple, with a lease type of NNN and a lease commencement date of August 14, 2023. The property's strategic location and strong income potential make it an attractive investment for both current operations and future expansion.