Current Use by Public Records
- Warehouses
Property Details for 1808 Main St
- Year built
- 1996
- Lot size
- 5.00 lot acres
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
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.
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
- Atmore
- County
- Escambia
- State
- Alabama
- Longitude
- -87.4903
- Latitude
- 31.001
