Current Use by Public Records
- Silverhill Food Mart / Gas Station
Property Details for 15820 Silverhill Ave
- Year built
- 1949
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This exceptional Class A retail property, a Shell-branded gas station and convenience store, is available for sale at $1,400,000. Located at 15820 Silverhill Ave, Silverhill, AL 36576, this 1,736 square foot building sits on a 1-story structure built in 1949 and extensively renovated in 2023. The property boasts a 7.00% cap rate, a 20-year lease with a credit-rated tenant (Shell), and features 2 gas pumps, ample parking (38 spaces), and a large back room ideal for a deli or kitchen expansion. Currently vacant, the property offers significant upside potential with current monthly sales exceeding $92,000 (inside sales) and 37,000 gallons of gas sold monthly. The property is zoned COM and benefits from a ground lease and a 3% rent increase starting in year 11. This turnkey investment opportunity is perfect for owner-users seeking a high-return asset in a thriving Alabama community. The property includes a large parking lot and is situated in a high-traffic area of Silverhill. This is a rare chance to acquire a well-established, high-performing convenience store and gas station with significant growth potential.
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
- Silverhill
- County
- Baldwin
- State
- Alabama
- Longitude
- -87.7537
- Latitude
- 30.5454
