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    12865 Saeger Rd Grand Bay, AL 36541

    Source: https://www.saltercompany.com
    For Sale
    $350,000

    Spacious Church/Multi-Use Building with Income Potential

    Property size:
    5,782 SF

    Description

    Added:
    Feb 4, 2025
    Days on Market:
    306
    This 57,282 square foot building in Grand Bay, Alabama, presents a unique investment opportunity. Currently configured as a church with three additional rooms used as apartments, this property offers significant versatility. Situated on a 1.08-acre lot on a main road, the building boasts a strong existing income stream and has recently undergone renovations. Features include two full bathrooms with showers, a large gathering area, a kitchen with appliances, a dining area, an office with a restroom, exterior storage rooms, and a covered rear patio. The building is handicap accessible. The four units currently include a church and three apartments, but the property has no restrictions on its use, allowing for conversion into shops, retail space, a school, or other uses. The exterior and interior are undergoing refreshing, resulting in occasional apartment vacancies. The current cap rate exceeds 10%. The potential for additional apartment conversions and the adaptation of storage space into a tenant laundry facility further enhance the investment prospects. This property offers a compelling blend of existing income and significant future development potential in a growing community.

    Property Features for 12865 Saeger Rd

    General Information

    Property type
    Other mixed-use properties
    Square Feet
    5,782 SF
    Price / Square Foot
    $60
    Total Parking Spaces
    12
    Elevators
    N/A
    Lot Size
    47,146 SF

    Building Details

    Year Built/Renovated
    1993/2024
    Buildings
    2
    Stories
    1
    Units
    4

    HighLights

    • 57,282 square foot building in Grand Bay, Alabama, offering versatile multi‑use potential.
    • Recently renovated with strong income stream and handicap accessible entrances.
    • Located on a main road with 4 units, including office space and apartments.
    Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    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
    Grand Bay
    State
    Alabama
    Longitude
    -88.347321
    Latitude
    30.472053

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    FAQs

    What type of property is this?
    Mixed-use property - Spacious Church/Multi-Use Building with Income Potential
    Where is this mixed-use property located?
    The property is located at 12865 Saeger Rd Grand Bay, AL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 57,282 square foot building in Grand Bay, Alabama, offering versatile multi-use potential.; Recently renovated with strong income stream and handicap accessible entrances.; Located on a main road with 4 units, including office space and apartments.
    (850) 564-0120
    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
    12865 Saeger Rd Grand Bay, AL 36541
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