10305 Co Rd Lexington, AL 35648
- Warehouses
- 48,000 SF
- 5.40 lot acres
Current Use by Public Records
- Warehouses
Property Details for 10305 Co Rd
- Year built
- 1981
- Lot size
- 5.40 lot acres
- Property size
- 48,000 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents two warehouse buildings totaling 48,000 square feet on a 5.4-acre lot in Lexington, Alabama. Located in the North Alabama metroplex, just 22 miles from Florence, this Class B multi-tenant property offers significant flexibility. Building A encompasses 38,740 square feet, while Building B offers 9,500 square feet. The property features two dock-high doors and ample three-phase power, along with sewer access. The buildings boast a variety of roof heights, catering to diverse storage needs. The expansive lot size allows for potential future expansion. Currently, month-to-month tenants generate over $6,000 in gross monthly income, with the option to convert leases to long-term agreements. The asking price is $599,000, translating to $12.48 per square foot. Built in 1981, this owner-user property is offered for sale with a leaseback option, providing a unique opportunity for immediate income generation and future growth. The property's address is 10305 Co Rd 51, Lexington, AL 35648, and the APN is 02-05-15-3-001-011.000. This is an ideal property for an investor seeking a strong return on investment with the potential for long-term growth and income.
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
- Lexington
- County
- Lauderdale
- State
- Alabama
- Longitude
- -87.3682
- Latitude
- 34.9625
