505 Forrest Ave Brewton, AL 36426
- Retail properties
- 3,793 SF
Current Use by Public Records
- United States Postal Service / Post Office / Logistics Service
Property Details for 505 Forrest Ave
- Year built
- 1964
- Property size
- 3,793 SF
- Property type
- Retail properties
- Property subtype
- Banks
Description
This exceptional 3,793 square foot retail property, situated on a one-acre corner lot in Escambia County, presents a unique investment opportunity. The building, constructed in 1964 and classified as Class B, features a single-tenant occupancy with a total of 3,793 square feet. Currently, 3,034 square feet are available for lease at a rate of $2,500 per month, while the remaining 759 square feet are occupied under a separate lease. The property boasts significant road frontage, with 234 feet along Forest Avenue and 369 feet along Shoffner Street, providing excellent visibility and accessibility. The strategic location benefits from high daily traffic counts of 12,377 vehicles (2022 data). The B-2 zoning designation allows for a variety of local business uses. This single-story building offers a versatile space ideal for a range of retail ventures. The property's prominent corner location and substantial road frontage make it an attractive option for businesses seeking high visibility and accessibility. The existing tenant provides a stable income stream, while the significant vacant space offers considerable potential for expansion or new tenancy. This is a rare opportunity to acquire a well-located retail property with strong potential for growth and return on investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brewton
- County
- Escambia
- State
- Alabama
- Longitude
- -87.0624
- Latitude
- 31.0957
