525 Greenville Byp Greenville, AL 36037

Description

Excellent commercial investment opportunity offered at $799,900! This approximately 9400 sq ft. multi-tenant bldg is situated on a prominent corner lot along Greenville Bypass and offers established income with significant potential for additional revenue. The largest portion of the bldg is currently leased at a base rent of $37,454.40 annually. The tenant also pays approx. $4,284 in property taxes, $3432 in insurance, $4728 in janitorial expenses, and $240 in annual pest control. An addition 1721 sq ft suite is currently availabla for lease at $1600 per month representing additional annual base rent of $19,308.Once leased at the current asking rate, total base rental income from these two spaces would be approx. $56,762 annually. The middle suite is presently occupied rent-free by a non-profit organization, offering further potential for increased future income. With an established tenant, multiple rentable spaces, excellent visibility, and a desirable corner location, the property offers an attractive combination of current income and value-add potential for an investor or owner-user.