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106 Water St Tuscumbia, AL 35674

Sponsored
For Sale
$219,900

Income-producing property, excellent investment.

Property size:
5,724 SF

Description

Added:
Feb 3, 2025
Days on Market:
356
This 5,724 sq ft commercial building in Tuscumbia, Alabama, presents a compelling investment opportunity. Situated on a 0.19-acre lot at 106 S Water St, the property boasts multiple income streams. The second floor features two apartments: a one-bedroom, one-bathroom unit and a two-bedroom, one-bathroom unit. Post-rehabilitation, these units offer strong rental potential, with estimates of $600 and $750 per month respectively. Additionally, there's an efficiency apartment with a large shop currently rented for $66 per month, with the tenant expressing interest in remaining. A separate shop is also rented at $600 per month, with the tenant willing to renew. Finally, a commercial space currently occupied by "Pop's" is available, featuring a living area, and is at the end of its current lease. The property is being sold "AS IS," and the buyer is responsible for verifying all information. The total potential monthly rental income after renovations is estimated between $3,500 and $4,000. This property offers significant upside for a savvy investor seeking a strong return on investment in a desirable location. The current tenants provide immediate cash flow, while the potential for increased rental income after renovations makes this a truly attractive opportunity.

Property Features for 106 Water St

General Information

Property type
Other commercial real estate
Square Feet
5,724 SF
Lot Size
8,276 SF

Building Details

Year Built
1991

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Listing Contact
Victoria Lane

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Property Insight Report

Property Profile Location Intelligence

Current Use by Public Records

Poppop's Boxing Gym Boxing Gym

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

Location Insight

  • Map
  • Local Demand
City
Tuscumbia
County
Colbert
State
Alabama
Longitude
-87.70541
Latitude
34.73202

FAQs

What type of property is this?
Commercial real estate - Income-producing property, excellent investment.
Where is this commercial real estate located?
The property is located at 106 Water St Tuscumbia, AL.
What is the asking price?
The asking price for this property is $219,900.
More about this property
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