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    111 Ridgeley St Atmore, AL 36502

    For Sale
    $315,000

    Versatile Downtown Atmore Property

    Property size:
    3,848 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This vacant, 3,848-square-foot commercial building in Atmore, Alabama, presents a unique investment opportunity. Located on Ridgeley Street in the heart of downtown, this single-story structure boasts paneled walls, vinyl flooring, and fluorescent lighting throughout. The building features an oversized front space, a private office, two bathrooms, and a large storage/office area. Completely heated and cooled, it's ideally suited for various uses, including daycare, restaurant, or storefront retail. Built in 2021, the property sits on a 0.2-acre lot (APN 119618) and offers a small rental space generating $550 monthly income. Atmore's thriving economy, fueled by diverse industries like agriculture, timber, and textiles, coupled with ongoing downtown revitalization efforts, makes this a promising investment. The city's proactive approach to economic development, including expansion of the industrial park and beautification initiatives, further enhances the property's potential. This is a chance to own a well-maintained building in a growing Alabama city. The asking price is $315,000.

    Property Features for 111 Ridgeley St

    General Information

    Property type
    Day care centers
    Square Feet
    3,848 SF
    Lot Size
    8,712 SF

    Building Details

    Year Renovated
    2021
    Buildings
    1
    Stories
    1

    HighLights

    • $315,000 asking price for a vacant 3,848 square foot retail building.
    • Located at 111 W Ridgeley St, Atmore, AL 36502, on a 0.2‑acre lot.
    • Features one story, one building, renovated in 2021.
    • Suitable for daycare, restaurant, or storefront uses.
    • Includes a small rental space generating $550 monthly income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Atmore Family Dental Dentist Dr. Ronald Gaspard Dentist Dr. Ronald Taylor Dentist Evangelyn Aletheia Spencer Dentist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Atmore
    County
    Escambia
    State
    Alabama
    Longitude
    -87.494694105631
    Latitude
    31.025575149217

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    FAQs

    What type of property is this?
    Day care center - Versatile Downtown Atmore Property
    Where is this day care center located?
    The property is located at 111 Ridgeley St Atmore, AL.
    What is the asking price?
    The asking price for this property is $315,000.
    What are key features of this property?
    This property features: $315,000 asking price for a vacant 3,848 square foot retail building.; Located at 111 W Ridgeley St, Atmore, AL 36502, on a 0.2-acre lot.; Features one story, one building, renovated in 2021.
    Request Owner's contact information
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    Atmore, AL 36502
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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
    111 Ridgeley St Atmore, AL 36502
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