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    285 Head Dr Cleveland, AL 35049

    Sponsored
    For Sale
    $475,000

    Dual-Business Property, High Income Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity in Cleveland, AL, presents a rare chance to acquire a thriving dual-business property situated on a 0.9-acre lot. The main business, a highly successful 24-hour coin-operated laundromat, boasts approximately 2,500 square feet of space. Equipped with modern, three-year-old washers and dryers, the laundromat maintains a clean and well-maintained environment, featuring bright lighting, a public restroom, ample workspace with folding tables and rolling baskets, and vending machines for added revenue. This established business averages $7,000 in monthly revenue and enjoys a monopoly in its immediate area. The second space, formerly an outdoor equipment store, offers approximately 5,133 square feet of indoor space with an additional 5,567 square feet of rear storage, providing significant flexibility for a variety of business ventures. This area includes good lighting, existing shelving, and a fenced outdoor area. The property's prime location and the combined income potential of the two businesses make this a truly unique and lucrative investment opportunity. The property is priced at $475,000.

    Property Features for 285 Head Dr

    General Information

    Property type
    Retail properties
    Lot Size
    39,204 SF

    Building Details

    Year Built
    1999
    Property Profile Location Intelligence

    Current Use by Public Records

    Jerry's Laundromat Laundry Service Porboy Outdoors Lawn Mower Store

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Hair Salon Auto Repair Shop Nail Salon Clothing Store Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Blount
    State
    Alabama
    Longitude
    -86.58356
    Latitude
    33.98847

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    FAQs

    What type of property is this?
    Retail property - Dual-Business Property, High Income Potential
    Where is this retail property located?
    The property is located at 285 Head Dr Cleveland, AL.
    What is the asking price?
    The asking price for this property is $475,000.
    (205) 694-0300
    Request Owner's contact information
    285 Head Dr Cleveland, AL 35049
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    Cleveland, AL 35049
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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
    285 Head Dr Cleveland, AL 35049
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