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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

00 Lee Road 346 Salem, AL 36874

0.55 ac lot Built 2018
Property ID
Property summary
AI-generated overview

This exceptional 0.55-acre retail property in Salem, Alabama, presents a lucrative investment opportunity. Built in 2018, the single-building property features a well-established RV park with three developed lots, offering immediate income generation. The park's prime location provides ample shade and room for expansion or upgrades, ensuring long-term growth potential. A laundry building is already in place, with plumbing for a future bathroom addition. A significant advantage is direct access to a boat ramp on Lake Harding, providing recreational opportunities for residents and attracting additional clientele. This unique combination of established income, expansion potential, and desirable lake access makes this property an attractive investment for discerning buyers seeking a steady stream of revenue with minimal maintenance. The asking price is $120,000. The property is located at 00 Lee Rd 346, Salem, AL 36874, in Lee County. This is a rare opportunity to acquire a profitable, established business with significant upside.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2018
Lot 0.55 ac (23,958 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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