Historic Wetumpka Mixed-Use
110 E Bridge St, Wetumpka, AL 36092
Renovated historic building in downtown Wetumpka, ideal for various uses.
Type:Mixed Use, Office, Retail
Property size:
3,092 SFPrice / SF:
$210/SF- Added:
- Mar 25, 2024
- Days on Market:
- 799
- Last Refresh:
- May 13 at 8:05 pm
Property Features for 110 E Bridge St
General Information
- Standard status
- Active
- Size
- 3,092 SF
- Property subtype
- Mixed Use, Office, Retail
Building Details
- Year Built
- 1896
Listing agent Gene Cody, CCIM, SIOR License #AL 000084543
Listing office Moore Company Realty
Listing date Mar 25, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Moore Company Realty
HighLights
- Prime downtown Wetumpka location near local restaurants and Gold Star Park with Coosa River views.
- Renovated in 2022, maintaining original architectural designs with copper ceilings, reclaimed wood, and penny round tile.
- Unique historic features including the original bank vault and stairs from the 'Hotel Tallassee'.
- Currently home to Restoration Coffee, featured on HGTV.
- Third floor office space with restroom and bar area.
- New windows on the upper floors and stubbed for an elevator.
Overview
Located in the heart of downtown Wetumpka, this historic building was renovated in 2022, preserving its original architectural designs. The interior features black and white penny round tile, a copper ceiling, and reclaimed wood from the original structure. The building, constructed in 1896, showcases copper ceilings and granite accents. The bright and airy interior benefits from ample natural light. The third floor includes a large office space with a restroom and bar area, and the upstairs features new windows. The basement contains the original bank vault, and the stairs are from the historic "Hotel Tallassee". The property is currently home to Restoration Coffee, which was featured on HGTV. The location is near local establishments such as The Copper House Deli, The Coosa Cleaver, Coach's Corner, Grumpy Dog, and Frios Gourmet Pops. The property is stubbed for an elevator. It is approximately 0.2 miles to Gold Star Park, which offers views of the Coosa River and lighted walking paths, 9.5 miles to Montgomery, and 14 miles to I-85. The property size is 3092 square feet.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.9k | $16.80 |
| − Vacancy | −$2.9k | −$0.94 |
| EGI | $49.0k | $15.86 |
| − OpEx | −$12.3k | −$3.96 |
| NOI | $36.8k | $11.89 |
3,092 SF · lease $16.80/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$525.4K
$459.7K – $613.0K
NOI $36,777 @ 7.0% cap · market cap 5.66%
Second Best
Retail
$490.4K
$429.1K – $572.1K
NOI $34,326 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$641.2K
$561.0K – $748.0K
NOI $44,881 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Restoration Coffee House
Cafe & Coffee Shop
Location Insight
- Map
- Local Demand
- City
- Wetumpka
- County
- Elmore
- State
- Alabama
- Longitude
- -86.2046947
- Latitude
- 32.5375561
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Renovated historic building in downtown Wetumpka, ideal for various uses.
Where is this mixed-use property located?
The property is located at 110 E Bridge St Wetumpka, AL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime downtown Wetumpka location near local restaurants and Gold Star Park with Coosa River views.; Renovated in 2022, maintaining original architectural designs with copper ceilings, reclaimed wood, and penny round tile.; Unique historic features including the original bank vault and stairs from the 'Hotel Tallassee'.
