28218 Us-98 Daphne, AL 36526
- Office Properties & Spaces
- 3,754 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 28218 Us-98
- Property size
- 3,754 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a two-building commercial property ideally situated on Hwy 98 in Daphne, Alabama. The main 3,754 square foot office building boasts a desirable layout including two executive suites, three additional offices, a reception area, conference room, employee lounge, and two restrooms. Currently 100% occupied with month-to-month tenants, this presents a strong cash flow with immediate upside potential. The existing tenants, a business brokerage and a window tinting company, have occupied the space for many years. The property also includes a separate warehouse/service shop with a large waiting room, restroom, storage area, and a spacious open shop area. Both buildings benefit from a large parking lot and exceptional highway frontage visibility, ensuring high traffic and brand recognition. The property sits on a 22,651 square foot lot and is zoned B1. The current Net Operating Income (NOI) is $25,393, yielding a 4.46% capitalization rate. The asking price is $569,000. This property offers a compelling combination of stable income, significant upside potential through market rent adjustments, and a highly desirable location. The long-term tenants provide a solid foundation for future growth and profitability. This is a rare opportunity to acquire a well-established, income-producing property in a thriving Alabama market.
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
- Daphne
- County
- Baldwin
- State
- Alabama
- Longitude
- -87.912
- Latitude
- 30.6364
