Birmingham, AL 35242

Property Details

Year built

1985

Property size

4,000 SF

Property type

Office Properties & 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.

Location Insight

City

Birmingham

County

County

State

Alabama

Longitude

-86.6813

Latitude

33.4166