33601 US HWY 98

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33601 US HWY 98

LILLIAN, AL 36549-3905
Asking Price
$21.00M
Cap Rate
0.11%
Asset Type
Commercial Land
Class
Class B

What's Special

<p>Currently 54,000 sq ft of boat and RV storage in 4 buildings. Master plan county approved for 32 additional buildings (384,000 sq ft) on the remaining 70 available acres. Located 1 mile from one of the nicest boat ramps in Baldwin County. Also 1 mile from Florida which is just over the bridge from Lillian. Electronic gate access and full security with LPR..</p><p>Built out, this will be one of the largest storage facilities in Baldwin County and has a tremendous future value. The location is

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NOI
$80,000
Cap Rate
0.38%
DSCR
0.06
Underwater
Cash-on-Cash
-18.52%
Monthly Payment
$103,896.542
Annual Cash Flow
$-1,166,758.504

Location & Travel Times