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    40976 Al-77 Ashland, AL 36251

    For Sale
    $600,000

    Four-unit retail center, high-traffic location.

    Property size:
    1,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional owner-user opportunity presents a 12,800 square foot, four-unit retail strip center ideally situated on Highway 77 in Ashland, Alabama. Built in 1998, this single-story, Class C property sits on a 1.15-acre lot (APN: 11-04-19-1-000-098.002) and offers significant potential for both investment and occupancy. Currently, two of the four units are occupied under a five-year lease, leaving two spaces available. One vacant unit offers approximately 1,500 square feet, suitable for a restaurant, while another expansive 8,000 square foot space is perfect for a larger retail operation. The total square footage ranges from 1,500 to 8,000 square feet per unit, providing flexibility for various business needs. The asking price for this multi-tenant property is $600,000. This is a rare chance to acquire a well-located retail center with immediate income potential and the opportunity to occupy a significant portion of the space. The high visibility location on Highway 77 ensures substantial foot traffic and exposure. Contact us today to learn more about this outstanding investment and owner-user opportunity.

    Property Features for 40976 Al-77

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,500 SF
    Class
    C
    Lot Size
    50,094 SF

    Building Details

    Year Built
    1998
    Buildings
    1
    Stories
    1
    Units
    4

    HighLights

    • 12,800 SF retail strip center on Hwy 77 in Ashland, AL.
    • Four‑unit, single‑story Class C building on a 1.15‑acre lot (APN: 11‑04‑19‑1‑000‑098.002).
    • Built in 1998, with two of four units under five‑year leases.
    • Vacant spaces: 1,500 SF (suitable for restaurant) and 8,000 SF (suitable for larger retail).
    • Asking price: $600,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Ashland
    County
    Clay
    State
    Alabama
    Longitude
    -85.8433182
    Latitude
    33.2744813

    Nearby Comparable

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    Nearby Similar for Sale

    • $270,000
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      High-Visibility Ashland Retail Space

      Large Metal Building, Highway 77 Frontage
      40697 Alabama Hwy, Ashland, AL 36251
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    • $199,000
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      645 County Road 31

      Over 8k sq ft of space!
      645 County Road 31, Ashland, AL 36251
      View Details
    • $350,000
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      Sandcastle Academy

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      841 2Nd Ave, Ashland, AL 36251
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    FAQs

    What type of property is this?
    Individual retail property - Four-unit retail center, high-traffic location.
    Where is this individual retail property located?
    The property is located at 40976 Al-77 Ashland, AL.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: 12,800 SF retail strip center on Hwy 77 in Ashland, AL.; Four-unit, single-story Class C building on a 1.15-acre lot (APN: 11-04-19-1-000-098.002).; Built in 1998, with two of four units under five-year leases.
    Request Owner's contact information
    40976 Al-77 Ashland, AL 36251
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    Ashland, AL 36251
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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
    40976 Al-77 Ashland, AL 36251
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