Retail Building with
For Sale
$319,900
8582 US HIGHWAY 29, Cusseta, AL 36852
Retail building off US Hwy 29 with an open layout, rear storage, and five lots behind for mobile homes or RV rentals.
Property Size1,344 SF
Price / SF$238.02
Days on Market140
Property Features for 8582 US HIGHWAY 29
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Commercial/Industrial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$996
Building Details
Year Built
1942
Listing Agency:
LORI TERRY HOME TOWN REALTY LLC
(334) 756-2030
Listed By:
LORI TERRY · License #87991
(706) 590-0706
Source:
Exitrealty
Added: May 28
Changed: Oct 1
Last Checked: Oct 1 at 10:09AM
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 LORI TERRY HOME TOWN REALTY LLC
Investment Insights
Based on property information with market context.
This commercial building is well suited for a variety of retail or service uses, with approximately 1,344 sq ft of interior space arranged in an open floor plan. The back of the building includes a spacious storage area that can support inventory needs or be adapted for additional office or workspace use. The property is being sold “as is,” providing a straightforward starting point for an operator’s renovation or buildout plans.
The building is located right off busy US Hwy 29 in the heart of the Beulah community. In addition to the front building, there are five lots behind the property that can support extended-use opportunities. Two lots are described as suitable for mobile homes, including one lot that is currently leased.
Three additional lots behind the building are described as potential RV rental spaces, with two of those lots requiring power poles. This mix of storefront space plus background lots may appeal to tenants and buyers looking for a single location that can accommodate both storefront operations and supplementary on-site rental use, subject to the condition and requirements noted with the RV lots.
The building is located right off busy US Hwy 29 in the heart of the Beulah community. In addition to the front building, there are five lots behind the property that can support extended-use opportunities. Two lots are described as suitable for mobile homes, including one lot that is currently leased.
Three additional lots behind the building are described as potential RV rental spaces, with two of those lots requiring power poles. This mix of storefront space plus background lots may appeal to tenants and buyers looking for a single location that can accommodate both storefront operations and supplementary on-site rental use, subject to the condition and requirements noted with the RV lots.
Key Highlights
- Commercial building off US Hwy 29 with an open floor plan and approximately 1,344 sq ft
- Includes a spacious rear storage area that can also serve as potential office space
- Five lots behind the property for additional income opportunities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,658
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,160
$253.2K
Cap Rate 7%
$180,829
$180.8K
Cap Rate 9%
$140,644
$140.6K
Market Conditions
NOI Build-Up for 1,344 SF
Gross rent
$20.2K $15.00/SF
− Vacancy
−$2.1K −$1.55/SF
EGI
$18.1K $13.46/SF
− OpEx
−$5.4K −$4.04/SF
NOI
$12.7K $9.42/SF
Area
Lee County, AL
Vacancy
10.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,160
Cap Rate 7%
$180,829
Cap Rate 9%
$140,644
Alternative Uses
Best Use
Retail
$180.8K
$158.2K – $211.0K
NOI $12,658 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$153.5K
$134.3K – $179.1K
NOI $10,747 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$327.8K
$286.8K – $382.4K
NOI $22,946 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36852, AL
2,564
Population
1,061
Households
2.4
Avg Household Size
36
Median Age
13%
College-Educated
91%
High-School Grad
29.3 sq mi
ZIP Area
88
Density / Sq Mi
$76,794
Median Household Income
$44,188
Median Earnings
$852
Median Rent
$164,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail building off US Hwy 29 with an open layout, rear storage, and five lots behind for mobile homes or RV rentals.
Where is this storefront property located?
The property is located at 8582 US HIGHWAY 29 Cusseta, AL.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Commercial building off US Hwy 29 with an open floor plan and approximately 1,344 sq ft; Includes a spacious rear storage area that can also serve as potential office space; Five lots behind the property for additional income opportunities
