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    1567 Airport Rd Luverne, AL 36049

    For Sale
    $985,000

    Commercial - Luverne, AL

    Property size:
    5,000 SF
    Lot size:
    8.57 Acres
    Days on Market:
    261
    Last Refresh:
    Dec 5 at 9:06 pm

    Property Features for 1567 Airport Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security System
    Interior features
    Security System, Overhead Door, Fixtures/Furniture, Inside Storage, Equipment Included, Living Space Available
    Exterior features
    Partially Fenced, Sidewalks, Additional Buildings, Outside Storage, Landscaped, Land 5-25 Acres
    Fencing
    Fenced, Partial
    Size
    5,000 SF
    Lot size
    8.57 Acres

    Utilities

    Heating system
    Central, Forced Air

    Building Details

    Year built
    2008
    Flooring type
    Concrete
    Architectural style
    Other
    Additional Structures
    Storage

    Smyth Realty & Timber Co., Inc. (334) 335-5390

    Listing agent RICHARD SMYTH (334) 406-5390

    Listing date Mar 20, 2025

    MLS# 25601 Listing URL

    Copyright © 2025 Pike County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Event Venue Opportunity

    This turnkey business opportunity is located in Luverne, Alabama. The property is situated on 8.57 acres and includes a 5,000 square foot building. The property is equipped to handle social gatherings and events. It features a full-service kitchen, tables, and chairs. The grounds and interior have been designed for events.
    Location Intelligence

    Current Use by Public Records

    Wedding venues

    Suggested Use

    Food Market Farmer's Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Luverne
    County
    Crenshaw
    State
    Alabama
    Longitude
    -86.260765
    Latitude
    31.739481

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    FAQs

    What type of property is this?
    Wedding venue - Turnkey event venue with full-service kitchen on 8.57 acres.
    Where is this wedding venue located?
    The property is located at 1567 Airport Rd Luverne, AL.
    What is the asking price?
    The asking price for this property is $985,000.
    What are key features of this property?
    This property features: - Turn-key business opportunity suitable for events.; - Full-service kitchen and included tables/chairs.; - Landscaped grounds on 5-25 acres.
    (334) 406-5390
    Request Owner's contact information
    1567 Airport Rd Luverne, AL 36049
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1567 Airport Rd Luverne, AL 36049
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