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502 MLK Blvd- Restaurant/ Retail 502 Martin Luther King Jr Pky

1,890 SF Retail Building Phenix City, AL 36869 $782,070 ($414/SF) 8% Cap Rate

Restaurants Alabama Phenix City 502 Martin Luther King Jr Pky, Phenix City, AL 36869

Investment Highlights

  • Long term NNN lease in building
  • Profitable ATM in the parking lot

Executive Summary

This opportunity presents a 1,890 square foot seafood market and restaurant situated at 502 US Hwy 431 in Phenix City, Alabama. The
offering includes an Absolute Triple Net Lease (NNN), relieving the landlord of any property responsibilities and ensuring a secure
investment.

Attachments

Phenix City pkg 7-12-2024 (003)

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,890 SF
Building Class
B
Year Built
1998
Price
$782,070
Price Per SF
$414
Cap Rate
8%
NOI
$62,565
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.39 AC
Zoning
C3 - Commercial
Frontage
300 FT on Hwy 431

Amenities

  • Restaurant
  • Signage
  • Air Conditioning
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Nearby Major Retailers

Krystal
Rent-A-Center
Piggly Wiggly

PROPERTY TAXES

Parcel Number 05-05-22-01-006-001.000 Improvements Assessment $80,375
Land Assessment $42,811 Total Assessment $123,186

PROPERTY TAXES

Parcel Number
05-05-22-01-006-001.000
Land Assessment
$42,811
Improvements Assessment
$80,375
Total Assessment
$123,186
(770) 528-0300

Contact

  • Listing ID: 32734816

  • Date on Market: 8/8/2024

  • Last Updated:

  • Address: 502 Martin Luther King Jr Pky, Phenix City, AL 36869

More public record information on 502 Martin Luther King Jr Pky, Phenix City, AL 36869

The Retail Property at 502 Martin Luther King Jr Pky, Phenix City, AL 36869 is currently available for sale. Contact Crowder Realty, LLC for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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502 MLK Blvd- Restaurant/ Retail | 502 Martin Luther King Jr Pky
(770) 528-0300 x

502 MLK Blvd- Restaurant/ Retail | 502 Martin Luther King Jr Pky

Charlie Crowder

(770) 528-0300

(770) 528-0300

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