Current Use by Public Records
- Commercial real estate
Property Details for 213 Lafayette St
- Year built
- 2002
- Property type
- Commercial real estate
Description
This exceptional Dadeville, Alabama commercial property presents a lucrative investment opportunity. The property consists of three connected commercial office/shop units, each equipped with a private bathroom and central heating and air conditioning. Two of these units are currently leased to tenants. In addition to the three connected units, there's a separate, free-standing building exceeding 1100 square feet, also featuring a bathroom and central heating and air conditioning. This building is currently occupied, primarily by government agencies. The entire property boasts a substantial parking lot, offering significant expansion possibilities. The ample parking opens doors to a wide array of potential uses, including but not limited to: a drive-through restaurant, food truck park, car wash, ice cream parlor, coffee shop, or even a farmers market. The current rental income stream provides a solid foundation for immediate returns, while the expansive parking and versatile layout offer significant upside potential for future growth and increased profitability. The property is priced at $249,000 and is located at 213 Lafayette Street in Dadeville, Alabama. This is a rare chance to acquire a well-situated, income-generating commercial property with substantial development potential. The property's current occupancy and strong location make it an attractive investment for both seasoned and new investors seeking a stable and potentially high-growth opportunity.
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
- Dadeville
- County
- Tallapoosa
- State
- Alabama
- Longitude
- -85.7644
- Latitude
- 32.8328
