Current Use by Public Records
- ABC Plus / Medical Supply Store
- Hospice of Alabama / Nursing Home
Property Details for 266 Industrial Dr
- Year built
- 1992
- Lot size
- 3.50 lot acres
- Property type
- Office Spaces
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a 17,000 square foot flex space building situated on a 3.5-acre lot in the Rainsville Industrial Park at 266 Industrial Dr, Rainsville, AL 35986. Built in 1992, the property boasts 455 feet of prime road frontage, offering high visibility and ample parking. Currently, 6,000 square feet (37.5%) is leased under a triple net (NNN) lease to a single tenant with a remaining lease term of approximately 3.9 years, expiring November 1, 2028. The lease commenced July 24, 2023, and has a total term of 5.3 years. The asking price is $700,000, translating to $41.18 per square foot. The property's versatile design makes it suitable for a variety of industrial or office uses. The building includes one loading dock. This property offers immediate income potential and is located in a growing area, making it an attractive investment prospect. The property is zoned for industrial and office use.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rainsville
- County
- DeKalb
- State
- Alabama
- Longitude
- -85.8254
- Latitude
- 34.4895
