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    143 Healing Spring Ave Millry, AL 36558

    Sponsored
    For Sale
    $799,000

    Thriving Hardware Store, 8200 SF

    Property size:
    8,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fully stocked, 8,200 square foot hardware store in Millry, Alabama, located at 143 Healing Springs Ave, 36558. The property includes a main building divided into two sections with separate entrances, one currently operating as a successful hardware store, the other vacant and ready for immediate use. The extensive inventory includes power tools, paint and supplies, gardening and auto supplies, and much more. A large outbuilding, a smaller storage building, and a covered storage area provide ample space for inventory and expansion. The main building features office space, a storage room, and a bathroom. Recent improvements include a new roof on both the main building and the outbuilding, as well as a new HVAC system. This prime location boasts high foot traffic, ensuring excellent visibility and accessibility. The established clientele and diverse inventory provide a strong foundation for continued success and potential growth. The asking price is $799,000. This property offers a unique blend of immediate income generation and significant future development potential.

    Property Features for 143 Healing Spring Ave

    General Information

    Property type
    Land
    Square Feet
    8,200 SF

    HighLights

    • Prime Millry location with high foot traffic.
    • 8,000 SF retail building, divided into two sections with separate entrances; one half currently operates as a hardware store.
    • Includes a large outbuilding, a small storage building, and a covered storage area.
    • Recently replaced roof and new HVAC system in main building and outbuilding.
    • Extensive inventory of hardware, paint, gardening, auto, and other supplies included in sale.
    • Main building features office space, storage, and a bathroom.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Millry
    County
    Washington
    State
    Alabama
    Longitude
    -88.3156927
    Latitude
    31.6324485

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    FAQs

    What type of property is this?
    Land - Thriving Hardware Store, 8200 SF
    Where is this land located?
    The property is located at 143 Healing Spring Ave Millry, AL.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Prime Millry location with high foot traffic.; 8,000 SF retail building, divided into two sections with separate entrances; one half currently operates as a hardware store.; Includes a large outbuilding, a small storage building, and a covered storage area.
    Request Owner's contact information
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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
    143 Healing Spring Ave Millry, AL 36558
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