10305 Co RdLexington, AL 35648

Property Details for 10305 Co Rd

Year built

1981

Lot size

5.40 AC

Property size (Sq ft)

48,000 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

This exceptional investment opportunity presents two warehouse buildings totaling 48,000 square feet on a 5.4-acre lot in Lexington, Alabama. Located in the North Alabama metroplex, just 22 miles from Florence, this Class B multi-tenant property offers significant flexibility. Building A encompasses 38,740 square feet, while Building B offers 9,500 square feet. The property features two dock-high doors and ample three-phase power, along with sewer access. The buildings boast a variety of roof heights, catering to diverse storage needs. The expansive lot size allows for potential future expansion. Currently, month-to-month tenants generate over $6,000 in gross monthly income, with the option to convert leases to long-term agreements. The asking price is $599,000, translating to $12.48 per square foot. Built in 1981, this owner-user property is offered for sale with a leaseback option, providing a unique opportunity for immediate income generation and future growth. The property's address is 10305 Co Rd 51, Lexington, AL 35648, and the APN is 02-05-15-3-001-011.000. This is an ideal property for an investor seeking a strong return on investment with the potential for long-term growth and income.

Location Insight

City

Lexington

County

Lauderdale

State

Alabama

Latitude

34.9625

Longitude

-87.3682

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