Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details
- Year built
- 1985
- Property type
- Office Spaces
- Property subtype
- Industrial properties
Description
This exceptional offering presents a turnkey opportunity to acquire a thriving residential electrical business and its accompanying real estate in Jefferson County, Alabama. The business, established in 1985 and renovated in 2021, boasts consistent annual sales exceeding $2 million, with an average Seller Discretionary Earnings (SDE) of $191,000. The single-story, 4,000-4,400 square foot office building sits on a sizable 31,000-32,000 square foot lot. Currently operating at 100% occupancy, the property is under a 10-year Absolute NNN lease with 8 years remaining. The sale includes the business and the real estate, providing a unique investment opportunity for an owner/user. The business benefits from a strong reputation for quality and reliable service, a skilled team of licensed electricians, and a loyal customer base generating significant repeat business and referrals. The prime location in Central Alabama offers potential for expansion into commercial services or new geographic areas. This is a rare chance to acquire a well-established, profitable business with significant growth potential, coupled with valuable real estate in a desirable location. The property is classified as Class C.
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
- Birmingham
- County
- County
- State
- Alabama
- Longitude
- -86.6813
- Latitude
- 33.4166
