Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    31485 Highway 278 Addison, AL 35540

    For Sale
    $120,000

    Versatile 4,000 sq ft building on 2 acres

    Property size:
    4,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional commercial property, located at 31485 W Hwy 278 in Addison, Alabama, presents a unique investment opportunity. The 4,000 square foot building sits on a spacious two-acre lot, offering ample room for expansion or outdoor activities. The structure itself boasts a flexible layout, currently configured as a 40x40 office/retail space and a 40x60 workshop. Key features include a robust HVAC system, a half-bath, six-inch insulated walls for energy efficiency, an attached air compressor, a gas hot water heater, and a convenient 10x12 roll-up door. The high ceilings, measuring 10 feet with a 5x12 pitch, provide a sense of spaciousness. Additional features include a three-stack gas heater, ventilation suitable for vats, and a septic tank. The property's versatility allows for a variety of uses, from its current configuration to a potential multi-family triplex conversion. This presents a rare chance to acquire a substantial commercial property with significant upside potential in a desirable location. The asking price is $120,000.

    Property Features for 31485 Highway 278

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,000 SF
    Lot Size
    87,120 SF

    Building Details

    Year Built
    1996
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Auto Repair Shop Auto Parts Store Pharmacy Department Store Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Addison
    County
    WINSTON
    State
    Alabama
    Longitude
    -87.16771
    Latitude
    34.19852

    Nearby Comparable

    • $169,900
      2,400 SF

      Addison Commercial Building - Hwy 278

      High-traffic location, versatile space, huge potential.
      30478 Highway 278, Addison, AL 35540
      View Details
    • $150,000
      2.20 Acres

      Addison Commercial Property - Huge Potential

      Three buildings on 2.2 acres, ready for your vision.
      18927 Co Rd, Addison, AL 35540
      View Details

    Nearby Similar for Sale

    • $150,000
      2.20 Acres

      Addison Commercial Property - Huge Potential

      Three buildings on 2.2 acres, ready for your vision.
      18927 Co Rd, Addison, AL 35540
      View Details
    • $169,900
      2,400 SF

      Addison Commercial Building - Hwy 278

      High-traffic location, versatile space, huge potential.
      30478 Highway 278, Addison, AL 35540
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Versatile 4,000 sq ft building on 2 acres
    Where is this commercial real estate located?
    The property is located at 31485 Highway 278 Addison, AL.
    What is the asking price?
    The asking price for this property is $120,000.
    (256) 841-6767
    Request Owner's contact information
    31485 Highway 278 Addison, AL 35540
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    31485 Highway 278
    Addison, AL 35540
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    31485 Highway 278 Addison, AL 35540
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.