1510 Pelham S Rd Jacksonville, AL 36265-3309

Property Details for 1510 Pelham S Rd

Year built

1955

Lot size

0.55 lot acres

Property size

750 SF

Property type

Office Properties & Spaces

APN

12-06-23-4-001-011.000

APU

1206234001011000

Description

This exceptional retail investment opportunity encompasses five lots totaling 3 acres on Highway 21 in Jacksonville, Alabama, near Jacksonville State University (JSU). The property boasts over 550 feet of frontage on a major thoroughfare with a 2021 traffic count of 26,000 vehicles daily on Highway 21 and approximately 500 on Church Street. Currently improved with three single-story buildings totaling 5,430 square feet, the property is 100% occupied, generating a net operating income (NOI) of $27,000 and a 1.94% cap rate. The asking price is $1,395,000, translating to $256.91 per square foot. Built in 1955, the property is zoned B2 General Business, offering flexibility for various uses, including quick-service restaurants (QSR), shopping centers, and storefronts. The property is offered as a fee-simple ownership and can be sold as a whole or divided into five separate parcels. The existing tenants include a mix of businesses, and a car lot business may be available for separate purchase. The location benefits from excellent access to Highway 21 and Church Street, and is situated within a thriving retail corridor near JSU, surrounded by recent developments such as Starbucks, Chick-fil-A, and Taco Bell. This presents a unique opportunity for investors seeking a high-traffic location with potential for significant returns. The property's APN is 1206234001011.000.

Location Insight

City

Jacksonville

County

Calhoun

State

Alabama

Longitude

-85.7606

Latitude

33.7946

CBSA code

11500

CBSA name

ANNISTON-OXFORD, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments