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Off Market
1/9

1111 Butler Ave
Tybee Island, GA 31328


HIGHLIGHTS

  • Established Business
  • High Visibility
  • Multiple developable parcels

OVERVIEW

CBT Commercial proudly presents for sale, the Tybee Market IGA. Tybee Market is situated in a high visibility / traffic area and is the only grocery store in operation on the island. Established in 1926 the Tybee Market has grown, expanded and thrived throughout the years, in part due to the prime location of the market. The market is situated on parcel 4-006-19-018 and consists of 0.67 acres and is improved with a 10,989 SF market. The purchase of 1111 Butler also includes 1109 Lovell Avenue which consists of an approximate 0.11 acre lot, located adjacent to, and utilized by the grocery store. Additionally, the portfolio also includes the following adjoining/adjacent parcels which can also be purchased separately for an additional price: 1106 Lovell Avenue is contiguous with the market parcel and consists of 0.11 acres and is improved with a 1,432 SF cottage that is currently utilized as a profitable vacation rental (List Price $500,000). 0 Butler Avenue is a 0.11 acre vacant lot that can be developed, and is situated adjoining to the east of the vacation rental property (List Price $300,000). 1104 Lovell Avenue is a 0.11 acre lot that can also be developed and is situated adjacent to the north of the vacation rental property (List Price $175,000). Each of these additional properties can also be found on MLS. Financials available with the signing on a Non-Disclosure Agreement

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

IGA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Freestanding, Storefront Retail/Residential

TOTAL BUILDING SIZE

10989

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

4000619018