For Sale
$900,000

27950 Al-21Talladega, AL 35160

10,800 SF Multi-Use Building

Overview

Added:
Dec 11, 2024
Days on market:
114
This 10,800 square foot building, situated on a 2.1-acre lot in Talladega, Alabama, presents a unique investment opportunity. Built in 1999, this single-story structure boasts a 10-foot ceiling height and one loading dock. Currently operating at 100% occupancy with a lease in place until September 1, 2029 (4.8 years remaining), the property offers a stable income stream. The lease is a NNN (Net, Net, Net) agreement at $10 per square foot, with a lease commencement date of September 1, 2024. The asking price is $900,000, translating to $83.33 per square foot. The property's zoning allows for diverse uses, including but not limited to religious institutions, schools, and entertainment venues. Its location on a main road ensures high visibility and traffic. The building's adaptable design makes it suitable for various redevelopment projects. This is a rare opportunity to acquire a well-located, versatile commercial property with significant potential.

Highlights

  • $900,000 asking price for a 10,800 square foot special purpose building.
  • NNN lease, 4.8 years remaining on a 5-year term commencing September 1, 2024.
  • 100% occupancy with a single tenant; no credit rating available.
  • Located on 2.1 acres at 27950 AL-21, Talladega, AL 35160.
  • Building features 10-foot ceilings, one loading dock, and was built in 1999.

Property Details for 27950 Al-21

Property type
Specialty properties, Schools
Square Feet
10,800 SF
Year Built
1999
Buildings
1
Stories
1
Lot Size (sq. ft)
91,476 SF

Location Insight

City
Talladega
County
Talladega
State
Alabama
Latitude
33.387159418148
Longitude
-86.152193419166
27950 Al-21, Talladega, Alabama

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27950 Al-21
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