Available For Sale - Retail

5,934 SF | Show Pricing $

LISTED BY

Sam Griffin CBI
eXp Commercial, 502-640-3622

AVAILABILITY DETAILS

Size
5,934 SF
Price/SF
Show Pricing $
Listing ID
SA528424
Notes
Mixed-use opportunity - 5,934SF on 0.279 acres just outside of NuLu. Webbs Market, a local convenience store, has been a staple of the Phoenix Hill community for decades. The business and real estate can be purchased as a package for an owner-operator looking to start or expand their convenience store empire. The business occupies the first floor of both 944 & 942 E. Muhammad Ali Blvd, while the second story has remained vacant and requires renovation. Historically, the second story has been utilized as apartments/multifamily.



Sale includes liquor, grocery, and deli licenses, all equipment and inventory, and 3 parcels (940, 942 & 944 E Muhammad Ali Blvd).



The opportunity poses significant upside for those willing to make the necessary improvements to drive business and add additional rental revenue from the second story.



Price Breakdown:

Real Estate: $550,000

Business: $200,000



Note the building itself is not generating income through leases as the owner is not paying rent to himself. $124,000 NOI 2022.



Listing Contacts:

Dylan Gilezan 502-648-7874 Dylan@gilezanteam.com

Sam Higdon 502-235-0629 samghigdon@gmail.com
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Sam Griffin CBI, eXp Commercial
BRE# 207824