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2711 Gary Fitts Street, Tuscaloosa, AL 35401
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$1,200,000
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Home Details for 2711 Gary Fitts Street
Price
$1,200,000
Type
Commercial/Industrial
Year Build
1887
Sq. Ft.
4630
Lot Size
0.18
County
Tuscaloosa
Tax
$3,470
MLS®️ Listing#
164861
On exitrealty.com
414 days
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.
Listing Courtesy: Butler Evans Real Estate, Inc. - 205-310-3799. Presented by: Denise Evans
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Northwest Arkansas Board of REALTORS®. 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. Information deemed reliable but not guaranteed. Copyright ©2025 Northwest Arkansas Board of REALTORS®. All Rights Reserved.
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