524 Main St Roanoke, AL 36274
This exceptional commercial property, located at 524 Main Street in downtown Roanoke, Alabama, presents a significant investment opportunity. Situated on a 0.5+ acre lot directly on US Highway 22, this building offers approximately 2,000 square feet of versatile space. Currently configured with seven individual offices, a spacious room ideal for a conference room, and two bathrooms, the layout is adaptable to a variety of commercial uses. The property also boasts a retail/shop area, a substantial warehouse space, ample storage, and an unfinished basement, providing significant flexibility for future development or expansion. Additional features include a metal roof, a convenient loading dock for easy access and delivery, and off-street parking for tenants and customers. The high visibility location on a major highway, combined with the building's size and diverse features, makes this an attractive option for both established businesses seeking to expand and entrepreneurs looking to establish a new venture. The property's potential for rental income further enhances its investment appeal. This is a rare opportunity to acquire a well-located, adaptable commercial building in a thriving downtown area. The property is priced at $149,900.
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.