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2711 Gary Fitts ST Tuscaloosa, AL 35401
4,630 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,630 sqft
Price per Sqft $259
MLS Listing ID 164861
HOA Y/N No
Year Built 1887
Annual Tax Amount $3,470
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions Assessor
Property Sub-Type Mixed Use
Property Description
Investment property. Zoned Downtown District. Estimated first year bonus depreciation (not intended for reliance and subject to buyer's advice from its own tax professionals) is $240,000. Tenant is South Oak Title, a regional credit tenant with offices in multiple SE states. Five year lease commenced 8/23/24, with one five-year renewal option. NNN. Annual rent increases, with $5,500 per month starting 9/1/25. IRR almost 8% with realistic disposition sales price at end of Year 5 and 5% sales costs.
Contact listing agent for NDA, lease synopsis and relevant zoning ordinances. Full lease available for review with signed contract. Do not contact tenant.
Contact listing agent for NDA, lease synopsis and relevant zoning ordinances. Full lease available for review with signed contract. Do not contact tenant.
Location
State AL
County Tuscaloosa
Area (02) Central Tuscaloosa City
Direction From LBW, turn W on Gary Fitts Street (former 6th St). Cross 27th Avenue. Property is second house on left, next door to R&R Cigars.
Interior
Fireplace No
Others
Tax ID 63-31-05-22-3-002-002.000
Security Features Security System
Listed by Butler Evans Real Estate, Inc.
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