2127 Hickory StLoxley, AL 36551

Property Details for 2127 Hickory St

Year built

2008

Lot size

0.62 AC

Property size (Sq ft)

9,388 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

42-02-10-4-001-004

APU

4202104001004

Description

This exceptional retail opportunity presents a 9,000 square foot strip center situated on Highway 59 in Loxley, Alabama, within Baldwin County. Built in 2007, the single-story building sits on a 0.63-acre lot and currently features multiple tenants. A significant portion of the property, totaling 3,000 square feet, is currently vacant and available for lease. This space offers considerable potential for a variety of retail uses. Previously occupied by a television station, this section includes four offices, a conference area, a reception area, and a break room. The existing office furniture may be available for use by the new tenant. The lease includes water, sewer, and trash services provided by the City of Loxley

• CAP approach

  CAP return

  Valuation

  6%

  $1,576,611

  6.5%

  $1,455,333

  7%

  $1,351,381

• Comparable approach

  Method

  Valuation

  Relative Method

  $984,867

  Geo Method

  $1,034,459

• Alternative Use

  Use

  Valuation

  Residential

  $1,455,333

  Hospitality

  $1,333,077

  Educational

  $1,109,105

  Medical

  $1,147,248

  Retail

  $1,725,274

Location Insight

City

Loxley

County

Baldwin

State

Alabama

Latitude

30.6248

Longitude

-87.7534

CBSA code

19300

CBSA name

DAPHNE-FAIRHOPE, AL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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