For Sale
$569,000

28218 Us-98 Daphne, AL 36526

Prime Daphne Office & Warehouse, High Visibility

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a two-building commercial property ideally situated on Hwy 98 in Daphne, Alabama. The main 3,754 square foot office building boasts a desirable layout including two executive suites, three additional offices, a reception area, conference room, employee lounge, and two restrooms. Currently 100% occupied with month-to-month tenants, this presents a strong cash flow with immediate upside potential. The existing tenants, a business brokerage and a window tinting company, have occupied the space for many years. The property also includes a separate warehouse/service shop with a large waiting room, restroom, storage area, and a spacious open shop area. Both buildings benefit from a large parking lot and exceptional highway frontage visibility, ensuring high traffic and brand recognition. The property sits on a 22,651 square foot lot and is zoned B1. The current Net Operating Income (NOI) is $25,393, yielding a 4.46% capitalization rate. The asking price is $569,000. This property offers a compelling combination of stable income, significant upside potential through market rent adjustments, and a highly desirable location. The long-term tenants provide a solid foundation for future growth and profitability. This is a rare opportunity to acquire a well-established, income-producing property in a thriving Alabama market.

Highlights

  • Two-building commercial property on Hwy 98 in Daphne, AL.
  • Main building: 3,754 sq ft office space with executive suites, offices, reception, conference room, lounge, and restrooms; 100% occupied with month-to-month tenants.
  • Separate warehouse/service shop with waiting room, restroom, storage, and open shop area.
  • Large parking lot and high visibility highway frontage on a 22,651 sq ft lot (B1 zoning).
  • $569,000 asking price; $25,393 NOI, 4.46% cap rate; below-market rents offer significant upside potential.

Property Details for 28218 Us-98

Property type
Office properties
Square Feet
3,754 SF
Class
B
Buildings
2
Stories
1
Units
2

Location Insight

City
Daphne
County
Baldwin
State
Alabama
Latitude
30.6363913
Longitude
-87.9119552

FAQs

What type of property is this?
Office property - Prime Daphne Office & Warehouse, High Visibility
Where is the office property located?
The property is located at 28218 Us-98 Daphne, AL.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: Two-building commercial property on Hwy 98 in Daphne, AL.; Main building: 3,754 sq ft office space with executive suites, offices, reception, conference room, lounge, and restrooms; 100% occupied with month-to-month tenants.; Separate warehouse/service shop with waiting room, restroom, storage, and open shop area.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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28218 Us-98
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