1650 County Road 804 Wedowee, AL 36278
- Retail properties
- 1.86 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1650 County Road 804
- Year built
- 2003
- Lot size
- 1.86 lot acres
- Property type
- Retail properties
Description
This exceptional retail property, located at 1650 County Road 804 in Wedowee, Alabama, presents a unique investment opportunity. Situated on a 1.86-acre lot on the south end of Lake Wedowee, near several large subdivisions, this is the only store in the immediate area, ensuring a captive customer base. The property boasts a main retail building with updated features including a new roof, a piggyback HVAC system, and fresh exterior paint. Importantly, the above-ground fuel tanks have current ADEM permits, supporting the sale of premium, regular gasoline, and diesel fuel. Adding to the income potential are ten 14' x 40' storage units, each currently leased annually for $1,800, generating significant recurring revenue. There's even room to construct six additional storage units, further increasing profitability. The property also includes a space designed for a commercial kitchen, complete with a vent hood and wash station, offering significant expansion possibilities. A site for a manufactured home is also available behind the store. While the current owner does not provide profit and loss statements, the property's unique location and diverse income streams suggest substantial potential for growth. The property is currently open select days of the week. Owner financing is not available. Showings are by appointment only. The asking price is $299,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wedowee
- County
- Randolph
- State
- Alabama
- Longitude
- -85.564
- Latitude
- 33.2809
