28791 US Highway 98 - Auto Dealership FOR SALE


Daphne, AL 36526
$1,499,000 USD
251-626-8882
28791 US Highway 98, Daphne, AL for Sale
$1,499,000 USD
Auto Dealership - FOR SALE
1/11
null | 8.61% Cap Rate

28791 US Highway 98
Daphne, AL 36526


HIGHLIGHTS

  • Traffic count is 37,500 AADT.
  • The property is located on US 98 within one mile of I-10.
  • Nearby many national tenants including Home Depot, Bass Pro Shop, Dick's Sporting Goods, Waffle House, Zaxby's, etc.
  • Strategically positioned in the main retail corridor in Daphne, AL right next to a busy car wash.

OVERVIEW

This investment property is listed with a single national tenant - One Water Marine/ Legendary Marine that operates "Sunrise Marine Daphne" business at that location. The property is located on US 98 within one mile of I-10 and is strategically positioned in the main retail corridor in Daphne, AL right next to a busy car wash and alongside to many national hospitality, restaurant, and retail tenants: Home Depot, Bass Pro Shop, Dick's Sporting Goods, Waffle House, Zaxby's, etc. Traffic count is 37,500 AADT. The property sits on 1.95 acres with an easy access from US-98 through a service road and has one permanent building and one temporary building: temporary sales office (~1000 sqft) and a maintenance/ service facility (~2,280 sqft building). The lease is onhand and can be sent to interested parties. The tenant has a first right of refusal to any offers that are accepted. No signage on the property at owner's request. All showing requests need to contact Joe Courtney 251-604-7189 or Manning Courtney 251-622-3590.

FOR SALE DETAILS

PRICE

$1,499,000 USD

PRICE/SF

$657 USD /SF

CAP RATE

8.61%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.95 AC

LAND SF

84,942 SF

ZONING

B-2

APN/PARCEL ID

43-03-06-0-004-010.001

ASK ABOUT THIS PROPERTY

Joseph CourtneyCourtney & Morris Real Estate, Inc.More Info
251-626-8882

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Joseph CourtneyCourtney & Morris Real Estate, Inc.More Info
251-626-8882

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.