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    3440 Lorna Ln Hoover, AL 35216

    For Sale
    $1,300,000

    Profitable Business & Real Estate

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional Hoover, Alabama property presents a unique investment opportunity encompassing a thriving, established business and a substantial industrial building. The 11,511 square foot building sits on a 0.67-acre lot and is zoned for light industrial use. The business, operating successfully since 1976, specializes in automobile upholstery and boasts a loyal client base, making it the largest such operation in Alabama. The sale includes the business, its existing inventory, and the entire building. The building itself offers a versatile layout ideal for continued business operations and potential expansion. A newly remodeled 2,280 square foot office space with two bathrooms welcomes clients upon entry. Beyond the office, a spacious 5,047 square foot warehouse/shop area provides ample room for production, also featuring two bathrooms. Adding to the property's income potential is a 4,000 square foot upper-level space with a separate entrance, suitable for leasing. Conveniently located on the main level is a one-bedroom apartment complete with a living space, full kitchen, and bathroom. The second level also includes additional office space, a restroom, and a kitchenette. Ample parking is available for approximately 30 vehicles. This turnkey operation offers a rare blend of established business success and significant real estate potential, priced at $1,300,000.

    Property Features for 3440 Lorna Ln

    General Information

    Property type
    Industrial properties
    Lot Size
    29,185 SF

    Building Details

    Year Built
    1975
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Hoover
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.79526
    Latitude
    33.39343

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    FAQs

    What type of property is this?
    Industrial property - Profitable Business & Real Estate
    Where is this industrial property located?
    The property is located at 3440 Lorna Ln Hoover, AL.
    What is the asking price?
    The asking price for this property is $1,300,000.
    (205) 823-6677
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    3440 Lorna Ln Hoover, AL 35216
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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
    3440 Lorna Ln Hoover, AL 35216
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