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    1280 George Wallace Hwy Russellville, AL 35654

    For Sale
    $150,000

    High-traffic location, two buildings, 1.6 acres.

    Property size:
    11,808 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional investment opportunity presents two buildings situated on a highly visible 1.6-acre lot along the busy George Wallace Highway in Russellville, Alabama. The property boasts a combined 11,808 square feet of space, offering significant potential for a variety of commercial ventures. The site includes ample parking and readily available utilities. One building is ideally configured for conversion into a restaurant, benefiting from its prime highway frontage and high visibility. The second building is a 20-unit hotel, currently requiring renovation, presenting a unique opportunity for redevelopment and increased revenue generation. Both buildings require some updating and improvements, making this an ideal project for an investor or entrepreneur seeking a hands-on opportunity to enhance and maximize the property's value. The location on George Wallace Highway ensures high traffic volume and excellent exposure, making it an attractive proposition for a wide range of businesses. The substantial lot size provides ample space for expansion or future development. This property offers a compelling blend of potential and location, making it a truly remarkable investment opportunity in a growing market. The asking price is $150,000.

    Property Features for 1280 George Wallace Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    11,808 SF
    Lot Size
    72,310 SF

    Building Details

    Year Built
    1966
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Wholesale Shop Hotel & Motel Pharmacy Department Store HVAC Service Convenience Store Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Russellville
    County
    Colbert
    State
    Alabama
    Longitude
    -87.67669
    Latitude
    34.58741

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, two buildings, 1.6 acres.
    Where is this commercial real estate located?
    The property is located at 1280 George Wallace Hwy Russellville, AL.
    What is the asking price?
    The asking price for this property is $150,000.
    (256) 766-8499
    Request Owner's contact information
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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
    1280 George Wallace Hwy Russellville, AL 35654
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