500 Skyland Blvd
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500 Skyland Blvd
1,056 SF 100% Leased Retail Building Tuscaloosa, AL 35405 $1,300,000 ($1,231/SF)
Executive Summary
Looking for a chance at owning your very own business!! This property includes over 600' of road frontage....249' of which are on Skyland Blvd. Property is already income producing earning $4000/month and that doesn't include income from the actual store. This includes the store, tire shop, and car wash. This is a great opportunity for anyone looking to make a great investment into their future!
***The Monthly/Lease Income listed is for the tire store that is leased yearly at $3000/month. The car wash is only renting the space of land it's sitting on and it's month to month at $1000/month. This DOES NOT include the income made by the Owner from the Citgo gas station. The store itself brings in 55K a month on inside sales and 20K a month on gasoline sales. All utilities total run about $1400 a month, insurance $520. All Information is deemed reliable but not guaranteed. Buyer(s) and/or Buyer's Agent responsible for verifying all information on property.***
***The Monthly/Lease Income listed is for the tire store that is leased yearly at $3000/month. The car wash is only renting the space of land it's sitting on and it's month to month at $1000/month. This DOES NOT include the income made by the Owner from the Citgo gas station. The store itself brings in 55K a month on inside sales and 20K a month on gasoline sales. All utilities total run about $1400 a month, insurance $520. All Information is deemed reliable but not guaranteed. Buyer(s) and/or Buyer's Agent responsible for verifying all information on property.***
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$48,000
|
$45.45
|
| Other Income |
$75,000
|
$71.02
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$123,000
|
$116.48
|
| Taxes |
$4,510
|
$4.27
|
| Operating Expenses |
$23,040
|
$21.82
|
| Total Expenses |
$27,550
|
$26.09
|
| Net Operating Income |
$95,450
|
$90.39
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $48,000 |
| Annual Per SF | $45.45 |
| Other Income | |
|---|---|
| Annual | $75,000 |
| Annual Per SF | $71.02 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $123,000 |
| Annual Per SF | $116.48 |
| Taxes | |
|---|---|
| Annual | $4,510 |
| Annual Per SF | $4.27 |
| Operating Expenses | |
|---|---|
| Annual | $23,040 |
| Annual Per SF | $21.82 |
| Total Expenses | |
|---|---|
| Annual | $27,550 |
| Annual Per SF | $26.09 |
| Net Operating Income | |
|---|---|
| Annual | $95,450 |
| Annual Per SF | $90.39 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,056 SF
Building Class
C
Year Built
1985
Price
$1,300,000
Price Per SF
$1,231
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.02
Lot Size
1.04 AC
Opportunity Zone
Yes
Zoning
BN - Commercial
Parking
8 Spaces (6.79 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 36-01-01-2-006-001.000 | Total Assessment | $87,580 |
| Land Assessment | $19,480 | Annual Taxes | $4,510 ($4.27/SF) |
| Improvements Assessment | $68,100 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
36-01-01-2-006-001.000
Land Assessment
$19,480
Improvements Assessment
$68,100
Total Assessment
$87,580
Annual Taxes
$4,510 ($4.27/SF)
Tax Year
2023
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500 Skyland Blvd
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