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    762 Old Hwy Gordon, AL 36343

    For Sale
    $224,900

    Three buildings, RV hookups, high potential.

    Property size:
    6,586 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional commercial property in Gordon, Alabama, presents a unique investment opportunity. Spanning 3 acres, the property boasts three substantial buildings offering diverse income streams. Building 1, a charming block cabin of approximately 500 square feet, features two bedrooms and one bathroom. While requiring some renovations, it holds significant potential as a rental property. Building 2, a former 1318-square-foot restaurant, presents a versatile space easily adaptable into a residential rental or a thriving eatery, catering to the local community. Building 3, a substantial 4800-square-foot freestanding block structure, formerly known as the Bonfire Club, offers expansive open space. This building requires roof repairs on approximately 800 square feet of the left front corner. The property also includes four RV hookups, adding another revenue-generating possibility. The combined potential of these buildings, coupled with the RV spaces, creates a multitude of income opportunities. Whether focusing on residential rentals, establishing a restaurant or bar, or capitalizing on the RV hookups, this property offers significant flexibility and substantial return potential. The property's location in Gordon, AL, provides convenient access to local amenities and a growing community. This is a rare chance to acquire a versatile commercial property with significant upside. The asking price is $224,900.

    Property Features for 762 Old Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,586 SF
    Lot Size
    130,680 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Gordon
    County
    Houston
    State
    Alabama
    Longitude
    -85.12297
    Latitude
    31.13442

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    Nearby Similar for Sale

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      Commercial Building in Gordon, AL

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    FAQs

    What type of property is this?
    Commercial real estate - Three buildings, RV hookups, high potential.
    Where is this commercial real estate located?
    The property is located at 762 Old Hwy Gordon, AL.
    What is the asking price?
    The asking price for this property is $224,900.
    (334) 794-7211
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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
    762 Old Hwy Gordon, AL 36343
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