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Property profile

503 Markeeta Rd Leeds, AL 35094

OFF-MARKET
Office Spaces
3.7 ac lot Built 1955
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Property summary

AI-generated overview

This exceptional 3.7-acre property in Leeds, Alabama, presents a unique investment opportunity. Currently configured as a well-maintained church, it's ideally suited for a variety of uses including places of worship, schools, or event venues. The building is equipped with all necessary furnishings, including pews, tables, chairs, and a complete audio-visual system, ensuring immediate operational readiness. A recently remodeled basement features a spacious fellowship hall, updated with new appliances, countertops, and tile flooring. Ample parking and expansive outdoor areas cater to large gatherings and events. The property's convenient location offers easy access to Interstate 20 and is less than 23 minutes from Birmingham Airport, providing excellent accessibility and visibility. The significant acreage allows for future expansion, presenting considerable potential for growth and development. This turnkey property is ready for its next chapter, offering a blend of functionality, convenience, and significant space. The existing infrastructure and features minimize upfront investment, making it an attractive proposition for various commercial ventures. The property's versatility and prime location make it a compelling investment opportunity in a thriving area.

Property profile

Verified
Property type Office Spaces
Year built 1955
Lot 3.7 ac (161,172 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

503 Markeeta Rd Leeds, AL 35094
Leeds metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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