REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,000,000
Est. payment | /mo
1.28 Acres Lot
$ 1,000,000
Est. payment | /mo
1.28 Acres Lot
Key Details
Property Type Commercial
Sub Type COMMERCIAL
Listing Status Active
Purchase Type For Sale
MLS Listing ID 21926505
HOA Y/N No
Year Built 1979
Lot Size 1.280 Acres
Acres 1.28
Property Sub-Type COMMERCIAL
Source Valley MLS
Property Description
Investment opportunity on Jordan Lane NW. 7,057 SF commercial building occupied by Gerber Collision & Glass under an existing NN lease generating $72,000 annual base rent. Tenant maintains property insurance; real estate taxes are included in operating costs under the lease. Sale includes two parcels totaling approx. 1.28 acres. Current term through April 2028 with four additional 5-year renewal options and scheduled rent increases during the renewal terms. Recently replaced HVAC with manufacturer warranty.
Location
State AL
County Madison
Direction From University Drive, Take Jordan Lane Nw North Toward Mastin Lake Road. Property Is On The Right At 2828 Jordan Lane Nw.
Interior
Heating Central
Cooling Central Air
Flooring Concrete
Fireplace No
Exterior
Exterior Feature Lighting
Building
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Tax ID 1404200002044.000
Copyright
Based on information from North Alabama MLS.
Based on information from North Alabama MLS.
Listed by Legend Realty
NEARBY SCHOOLS & PROPERTIES
GET MORE INFORMATION