5746 Rabbit Creek Dr Theodore, AL 36582
This exceptional 1,610 sq ft mixed-use property, situated on a 1.1-acre lot in Theodore, AL, presents a unique investment opportunity. Boasting over 29 feet of waterfront access on the Dog River and 746 feet of road frontage on Rangeline Road, this property offers unparalleled versatility. The existing structure combines residential and commercial spaces seamlessly. The residence features three bedrooms and one bathroom, with an open-concept kitchen, dining, and living area highlighted by a stone wall and beamed ceilings. Stainless steel appliances and updated vinyl flooring in the kitchen and living areas add modern appeal. Two sliding glass doors lead to outdoor spaces, including a patio with a hot tub and a gazebo within a small fenced area. A large fenced backyard provides ample space. The commercial component includes two workshops equipped with office areas, a half-bathroom, two bay doors, two car lifts, and a spray shop—currently utilized as an auto body shop. Recent updates include a new hot water heater and septic tank pumping (2024). The property's prime location near the interstate and at the corner of Rangeline and Rabbit Creek Drive offers excellent visibility and accessibility. The seller is considering offers within a range of $354,900 to $374,900. This property's diverse functionality makes it ideal for a variety of uses, including but not limited to an auto body shop, restaurant, or bait shop. The possibilities are truly endless. A covered dock and pier complete this remarkable offering.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.