315 Lee St W Chickasaw, AL 36611
For Sale
1 / 26
This exceptional commercial property, located at 315 Lee Street West in Chickasaw, Alabama, presents a unique investment opportunity. The 2,700 square foot building, situated on a highly visible corner lot at the intersection of West Lee Street and Grand Boulevard, offers convenient access to Interstate traffic. Previously used as a convenience store, the property is zoned B-2 by the City of Chickasaw, although additional usage restrictions apply (see attached documents). Despite these restrictions, the property's versatility makes it ideal for a variety of businesses. Imagine establishing a thriving car lot, a popular dine-in restaurant, or a lively bar in this prime location. A significant portion of the existing interior layout could be easily adapted to suit your specific needs. The property boasts ample asphalt parking, a considerable advantage for customer convenience. The expansive 0.41-acre lot provides significant outdoor space. Note that an adjacent 0.41-acre lot is also available for purchase separately for $49,900, and is not subject to the same usage restrictions as this property. This presents an opportunity to expand your business footprint or develop additional revenue streams. The property's high visibility and strategic location make it an exceptional investment opportunity with significant potential for growth and profitability. The asking price for this property is $225,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.