230 5Th St Reform, AL 35481
This exceptional 2,592 square foot mixed-use property, situated on a 0.52-acre lot at 230 5th Street NE in Reform, Alabama, presents a unique investment opportunity. Priced at $145,000, the building is ideally suited for a variety of uses, including event spaces, churches, or a secondary church location. The property boasts ample parking, making it highly accessible and convenient for attendees. Inside, you'll find a well-appointed layout featuring a pastor's study, a dedicated media room, a functional kitchen, and two bathrooms. The large sanctuary is equipped with pews, pulpit chairs, a podium, and is ready for immediate use. This turnkey property eliminates the need for extensive renovations, allowing for a swift transition into operations. The building's strategic location in Reform offers excellent visibility and accessibility, ensuring a strong foundation for success. Its versatile design and ample space cater to a wide range of potential uses, making it an attractive proposition for both established organizations and new ventures. The combination of functionality, location, and price makes this a compelling investment opportunity in the thriving Reform community. Serious inquiries are encouraged to schedule a viewing.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.