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285 Head Dr Cleveland, AL 35049

Sponsored
For Sale
$475,000

Two Businesses, High Income Potential

Property size:
12,177 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional investment opportunity presents two established businesses operating within a single, well-maintained building in Cleveland, Alabama. The property, situated on a 0.9-acre lot, encompasses a total of 12,177 square feet, with 3,500 square feet of net rentable space. The main tenant is Jerry's Laundry, a thriving 24-hour laundromat featuring state-of-the-art equipment, approximately 1,477 square feet, and generating an average monthly revenue of $7,000. The laundry boasts bright lighting, a public restroom, ample workspace, and vending machines. The equipment is approximately three years old and in excellent working condition. The second business, formerly Por-Boy Outdoor Equipment, occupies approximately 5,133 square feet of space, including an outdoor fenced area and an additional 5,567 square feet of rear storage. This space offers significant potential for conversion to another business, complementing the existing laundromat. The building, constructed in 1999 and renovated five years ago, features five buildings, one story, and 15 parking spaces. The property is zoned B2 and offers a unique opportunity to acquire two income-generating businesses in one location, with a combined average monthly income of $19,000. The asking price is $475,000, representing a price per square foot of $39.01. The property is currently 50% occupied. This is a rare opportunity to own a multi-faceted commercial property in a growing Alabama community. The property's APN is 15-04-18-0-003-010.024 & 15-04-18-0-003-010.026, and ownership is fee simple.

Property Features for 285 Head Dr

General Information

Property type
Individual retail properties
Square Feet
12,177 SF
Class
B
Lot Size
39,204 SF

Building Details

Year Built/Renovated
1999/5
Buildings
5
Stories
1
Units
2

HighLights

  • Exceptional investment opportunity: Two established businesses in one well‑maintained building on a 0.9‑acre lot in Cleveland, Alabama.
  • 12,177 square feet total; 3,500 square feet net rentable. Includes a thriving 24‑hour laundromat (1,477 sq ft, $7,000 avg. monthly revenue) and a 5,133 sq ft vacant space (plus 5,567 sq ft rear storage) with high conversion potential.
  • Building features 15 parking spaces and is situated on a 0.9‑acre lot. Zoned B2.
  • Combined average monthly income of $19,000. Asking price: $475,000 ($39.01/sq ft). Currently 50% occupied.
  • Built in 1999, renovated 5 years ago. APN: 15‑04‑18‑0‑003‑010.024 & 15‑04‑18‑0‑003‑010.026. Fee simple ownership.
Property Profile Location Intelligence

Current Use by Public Records

Jerry's Laundromat Laundry Service Porboy Outdoors Lawn Mower Store

Suggested Use

Restaurant Building Supply Spa & Massage Dental Office Hair Salon Auto Repair Shop Nail Salon Clothing Store Hotel & Motel Auto Parts Store

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

Location Insight

  • Map
  • Local Demand
City
Cleveland
County
Blount
State
Alabama
Longitude
-86.583320392724
Latitude
33.988483908607

FAQs

What type of property is this?
Individual retail property - Two Businesses, High Income Potential
Where is this individual retail property located?
The property is located at 285 Head Dr Cleveland, AL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Exceptional investment opportunity: Two established businesses in one well-maintained building on a 0.9-acre lot in Cleveland, Alabama.; 12,177 square feet total; 3,500 square feet net rentable. Includes a thriving 24-hour laundromat (1,477 sq ft, $7,000 avg. monthly revenue) and a 5,133 sq ft vacant space (plus 5,567 sq ft rear storage) with high conversion potential.; Building features 15 parking spaces and is situated on a 0.9-acre lot. Zoned B2.
More about this property
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