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OFF-MARKET
Specialty properties

3017 Us Highway 431 Roanoke, AL 36274

Property ID
Property summary
AI-generated overview

This exceptional 4,000 sq ft commercial property, located at 3017 US Hwy 431 in Roanoke, Alabama (zip code 36274), presents a unique investment opportunity. Situated on a meticulously maintained 3-acre lot with almost 300 feet of frontage on US Hwy 431, this well-maintained building is ideally positioned just one mile south of downtown Roanoke. The property boasts a spacious banquet hall/event center layout, perfect for a variety of uses. Features include a welcoming reception area, a large meeting/dining area, three private rooms, two bathrooms, and a fully equipped kitchen. An attractive outdoor patio with a privacy fence provides additional space for events or gatherings. Ample parking is available with 18 paved spaces, plus room for overflow parking on the expansive lot. The property includes an existing Alcoholic Beverage License. GPS coordinates are accurate. This versatile property offers significant potential for a wide range of commercial ventures. The asking price is $274,000.

Property profile
Verified
Property type Specialty properties
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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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