Current Use by Public Records
- Commercial real estate
Property Details for 762 Old Hwy
- Lot size
- 3.00 lot acres
- Property type
- Commercial real estate
Description
This exceptional commercial property in Gordon, Alabama, presents a unique investment opportunity. Spanning 3 acres, the property boasts three substantial buildings offering diverse income streams. Building 1, a charming block cabin of approximately 500 square feet, features two bedrooms and one bathroom. While requiring some renovations, it holds significant potential as a rental property. Building 2, a former 1318-square-foot restaurant, presents a versatile space easily adaptable into a residential rental or a thriving eatery, catering to the local community. Building 3, a substantial 4800-square-foot freestanding block structure, formerly known as the Bonfire Club, offers expansive open space. This building requires roof repairs on approximately 800 square feet of the left front corner. The property also includes four RV hookups, adding another revenue-generating possibility. The combined potential of these buildings, coupled with the RV spaces, creates a multitude of income opportunities. Whether focusing on residential rentals, establishing a restaurant or bar, or capitalizing on the RV hookups, this property offers significant flexibility and substantial return potential. The property's location in Gordon, AL, provides convenient access to local amenities and a growing community. This is a rare chance to acquire a versatile commercial property with significant upside. The asking price is $224,900.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gordon
- County
- Houston
- State
- Alabama
- Longitude
- -85.123
- Latitude
- 31.1344
