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    1551 Chesnut Byp Centre, AL 35960

    For Sale
    $675,000

    Four Suites, Long-Term Leases, High Traffic

    Property size:
    7,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional investment opportunity in Centre, Alabama presents a 7,200 square foot commercial building ideally situated on a 0.65-acre lot at 1551 Chesnut Bypass. Constructed in 2000, the building is currently divided into four separate 1,800 square foot office suites, each meticulously designed with its own independent HVAC system, private bathroom, and kitchenette. This thoughtful layout ensures tenant comfort and privacy. All four suites are currently occupied under five-year leases, providing immediate and consistent rental income. The professional tenants utilize the spaces for established business operations, guaranteeing a stable and reliable revenue stream for the investor. The property boasts an enviable location, positioned between a Waffle House and a Taco Bell, ensuring high visibility and significant foot traffic. Its proximity to Cherokee Electric Co-Op further enhances its accessibility and prominence. Ample parking is available both in the front and rear of the building, providing convenient access for tenants and their clients. This turnkey investment offers a rare combination of strong tenant occupancy, desirable location, and excellent long-term potential. The asking price for this exceptional property is $675,000.

    Property Features for 1551 Chesnut Byp

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,200 SF
    Lot Size
    28,314 SF

    Building Details

    Year Built
    2000
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Centre
    County
    Cherokee (AL)
    State
    Alabama
    Longitude
    -85.70518
    Latitude
    34.15932

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    FAQs

    What type of property is this?
    Commercial real estate - Four Suites, Long-Term Leases, High Traffic
    Where is this commercial real estate located?
    The property is located at 1551 Chesnut Byp Centre, AL.
    What is the asking price?
    The asking price for this property is $675,000.
    (256) 927-8900
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    1551 Chesnut Byp Centre, AL 35960
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    Centre, AL 35960
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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
    1551 Chesnut Byp Centre, AL 35960
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