16106 Hwy 216 Brookwood, AL 35444 • Commercial - Retail • Active

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Description

Excellent investment opportunity featuring well-maintained, two-tenant commercial building with established with a pharmacy and fitness center occupants. Both spaces are in good condition and provides rental income with approximately six years left on the existing lease and a 3% annual rent escalation, offering built-in income growth for the new owner. The Pharmacy is currently leased at $950 per month and has been well maintained. Improvements include attractive LVP flooring and a roof that is approximately 5-6 years old, providing added value and reduced near-term capital expense. The adjoining fitness center/gym is currently leased at $900 per month and is also in good condition. The space features a distinctive, red-painted interior suited to its current fitness use.

Property Highlights

Property Type: Commercial - Retail

Lot Size: 0.49 Acres

Taxes: $1,489

General Information

County: Tuscaloosa

MLS ID:

176946

Property Features

Days on Site: 12

Lot Dimensions: 21344

Parcel#: 2309310001005032

Units: 2

$275,000

Est.

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Listed By

Agency Name: HAMNER REAL ESTATE

Shown By

Marilyn Lee
(205) 799-1980

Featured Listing Active

SQUARE FEET2,501 MLS#176946

STATUSActive PROPERTY TYPECommercial - Retail

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16106 Hwy 216, Brookwood, AL 35444.

About this area

Alabama/Brookwood

Brookwood

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About Brookwood

Brookwood, AL is a small city located in Tuscaloosa County, with a population of approximately 2,400 residents (2021). It is situated along the Black Warrior River, which makes it a popular location for recreational activities such as boating, fishing, and swimming. The city of Brookwood is known for its rich coal mining history, with several mining operations located in the area in the past. Today, the city's economy is mainly based on agriculture and small businesses.

Despite its small size, Brookwood offers a tight-knit town with a strong sense of pride and tradition. The city hosts several events each year that bring together residents and visitors alike. With its natural beauty, rich history, and welcoming community, Brookwood offers a peaceful and charming way of life.