12865 Saeger RD new Save Request In-Person Tour Request Virtual Tour
Grand Bay,AL 36541
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,782 sqft
Price per Sqft $60
MLS Listing ID 7508492
Year Built 1993
Lot Size 1.079 Acres
Property Description
Great investment opportunity in the growing community of Grand Bay. Alabama. This property has a unique setup with a 3 unit apartment building and attached multipurpose building (currently leased to a church). Located on a main road, and only recently renovated, it already has a strong income stream. The multi-purpose building has 2 full bathrooms with showers, a large gathering area, a full kitchen, a large room currently set up for a dining area, 1 office with restroom, exterior storage rooms and a covered rear patio. This building could easily be converted for more apartments and the storage area converted for tenant use laundry facility. With full occupancy cap rate is at 10%. Handicap accessible entrances. There are no restrictions on the property so it can be converted to shops, retail, school, church, etc. Use your imagination and business skills. Exterior and interior refreshing in process so apartment tenant occupancy may vary.
Location
State AL
County Mobile - Al
Zoning None
Direction From Hwy 90 take a left onto Saeger Rd, property will be on the right. It will be between the roads Grand Ave & Mildred Ave (South Side of the Road)
Rooms
Basement None
Interior
Interior Features Living Space Available,Restrooms,Other
Heating Central
Cooling Central Air
Flooring Carpet,Laminate
Exterior
Fence Privacy
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Phone Available,Water Available
Waterfront Description None
View Y/N true
Roof Type Metal
Total Parking Spaces 12
Building
Lot Description Level,Private,Rectangular Lot
Foundation Block,Slab
Sewer Septic Tank
Water Public
Level or Stories One
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard