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    111 Bangor Ave Hanceville, AL 35077

    For Sale
    $299,000

    7,000 sq ft, Downtown Hanceville, High Visibility

    Property size:
    7,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 7,000 square foot commercial building presents a remarkable opportunity in the heart of Hanceville, Alabama. Situated on a 0.28-acre lot, this property boasts significant curb appeal and offers immense versatility. Its prime downtown location ensures high visibility and convenient access for customers. The spacious interior features approximately 7,000 square feet of open area with impressive 20-foot ceilings, creating a flexible layout suitable for a variety of businesses. Imagine the possibilities: a restaurant, retail store, or service-based operation. The building's adaptable design allows for potential division into three separate sections, ideal for leasing to multiple tenants. Beyond the main area, the property includes a dedicated office space, a convenient loading dock for efficient operations, ample storage, a fully equipped kitchen, two bathrooms, and a charming balcony overlooking the ground level. The building's character and features are complemented by its proximity to Wallace State Community College and the Shrine, ensuring a steady flow of potential customers. This is a truly unique opportunity to establish or expand your business in a thriving community. The asking price is $299,000.

    Property Features for 111 Bangor Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,000 SF
    Lot Size
    12,197 SF

    Building Details

    Year Built
    1960
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hanceville
    County
    CULLMAN
    State
    Alabama
    Longitude
    -86.7683
    Latitude
    34.06014

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    FAQs

    What type of property is this?
    Commercial real estate - 7,000 sq ft, Downtown Hanceville, High Visibility
    Where is this commercial real estate located?
    The property is located at 111 Bangor Ave Hanceville, AL.
    What is the asking price?
    The asking price for this property is $299,000.
    (256) 347-4405
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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
    111 Bangor Ave Hanceville, AL 35077
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