9825 Parkway

    Birmingham, AL 35215
    • $299,000
    • STATUS: Active
    • ON SITE: 897 days
    • MLS #: 736782
    UPDATED: 149 min ago
    $299,000
    • 0
      BEDS
    • 0.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS

    School Ratings & Info

    Description

    Great investment opportunity. Property is under a "triple-net" land lease, with monthly payments of $2,750.00. Lease has been renewed till 12/31/2018. At expiration of lease there is an automatic 5 year extension at a mutually agreed upon lease rate. The current tenant is a credit union and has previously renewed lease at the past three anniversary dates. The property has great visibility and fronts the high traffic count of Parkway East. Site has two entrance/exits onto the parkway.

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    © 2018 Birmingham Area Multiple Listing Service, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX content is not guaranteed accurate by the MLS or LIST Birmingham. Data last updated: 2018-06-19T00:31:51.423.
    www.listbirmingham.com/homes/58629692

    9825 Parkway Birmingham, AL 35215

    • Price: $299,000
    • Status: Active
    • Updated: 149 min ago
    • MLS #: 736782
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.38
    Acres
    1986
    Built
    Neighborhood:
    Centerpt, Grayson Valley, Huffman, Roebuck
    County:
    Jefferson
    Area:
    Centerpt, Grayson Valley, Huffman, Roebuck
    Property Description
    Great investment opportunity. Property is under a "triple-net" land lease, with monthly payments of $2,750.00. Lease has been renewed till 12/31/2018. At expiration of lease there is an automatic 5 year extension at a mutually agreed upon lease rate. The current tenant is a credit union and has previously renewed lease at the past three anniversary dates. The property has great visibility and fronts the high traffic count of Parkway East. Site has two entrance/exits onto the parkway.
    Exterior Features

    Commercial Property Type Retail Construction Concrete BlockBrick & Frame Flood Plain YN No Parking Spaces Off Street - Private Street Property Access Street Frontage

    Interior Features

    Cooling Other Floors Other Heating Other Interior Sheetrock Rooms Conference RoomOther OfficesPrivate OfficesPrivate Restrooms

    Property Features

    Building Name Legacy Community Federal Credit Union Financing ConventionalOther Leases Ground LeaseLong Term Lease Property Includes EquipmentFixtures Property To Remain None Sale Includes Building & Land Sales Type N/A Sewer / Septic Connected Type Of Business FranchiseOffice BuildingProfessional ServiceTrade/Supply Water Public Water Year Built Desc Existing Zoning Commercial

    Listing provided courtesy of Keller Williams Realty Trussville. © 2018 Birmingham Area Multiple Listing Service, Inc.
    © 2018 Birmingham Area Multiple Listing Service, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX content is not guaranteed accurate by the MLS or LIST Birmingham. Data last updated: 2018-06-19T00:31:51.423.
     
    LIST Birmingham
    300 Union Hill Drive | Suite 200
    Birmingham AL, 35209