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    1078 3rd St Florala, AL 36442

    Source: https://www.saltercompany.com
    For Sale
    $470,000

    Profitable Restaurant & Gas Station Combo.

    Property size:
    6,822 SF

    Description

    Added:
    Feb 10, 2025
    Days on Market:
    301
    This exceptional investment opportunity presents a 2,386 square foot retail space ideally situated at 1078 3rd Street in Florala, Alabama, zip code 36442. The property, built in 2000, is attached to a Marathon Gas Station and sits on a sizable 1.25-acre lot. The building itself boasts a total of 6,822 square feet, with the 2,386 square foot retail space currently configured as a restaurant. This presents a unique opportunity for a buyer to capitalize on an existing business or to repurpose the space to suit their needs. The property's strategic location within a busy commercial area offers high visibility and significant foot traffic, making it an attractive proposition for a variety of retail ventures. The asking price is $470,000. This turnkey operation offers immediate income potential and significant long-term growth prospects. The property's size and location make it an ideal investment for both seasoned investors and those seeking a profitable venture in a thriving market. Detailed financial information is available upon request. Don't miss this chance to acquire a valuable commercial property in a prime location.

    Property Features for 1078 3rd St

    General Information

    Property type
    Other investment properties
    Square Feet
    6,822 SF
    Price / Square Foot
    $68
    Elevators
    N/A
    Net Rentable
    2,386 SF
    Lot Size
    54,406 SF

    Building Details

    Year Built
    2000
    Buildings
    1
    Stories
    1

    HighLights

    • Prime Florala, AL location on 3rd Street.
    • 2,386 sq ft retail space, ideal for restaurant use.
    • .45‑acre lot, attached to a Marathon gas station, built in 2000.
    Insight Report Location Intelligence

    Current Use by Public Records

    Marathon Gas Station Subway Sandwich Shop Gitty Up-N-Go Convenience Store Western Union Money Transfer Service Bitstop Bitcoin ATM Crypto Atm

    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
    Florala
    State
    Alabama
    Longitude
    -86.326615
    Latitude
    31.00353

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    FAQs

    What type of property is this?
    Investment property - Profitable Restaurant & Gas Station Combo.
    Where is this investment property located?
    The property is located at 1078 3rd St Florala, AL.
    What is the asking price?
    The asking price for this property is $470,000.
    What are key features of this property?
    This property features: Prime Florala, AL location on 3rd Street.; 2,386 sq ft retail space, ideal for restaurant use.; .45-acre lot, attached to a Marathon gas station, built in 2000.
    (850) 564-0120
    Request Owner's contact information
    1078 3rd St Florala, AL 36442
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    Florala, AL 36442
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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
    1078 3rd St Florala, AL 36442
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