Property summary
This exceptional investment opportunity presents a multi-tenant property ideally situated on a 1.67-acre corner lot in Harvest, Alabama. The property boasts 3,017 square feet of building space, currently 100% occupied by two tenants under month-to-month leases generating a combined monthly rent of $3,875. The property comprises two buildings: a 1,184 square foot residential rental house with two bedrooms and one bathroom, and a 1,833 square foot commercial space currently operating as a barber shop and gift shop. This prime location at the intersection of Wall Triana Highway and Ford Chapel Road offers significant road frontage of 644 feet, providing excellent visibility and accessibility. The property's air rights also encompass 3,017 square feet, presenting potential for future expansion. The existing low rents offer immediate upside potential for increased revenue. Furthermore, the substantial lot size includes additional undeveloped land behind the buildings, providing ample opportunity for future development of either residential or commercial structures. This property represents a compelling investment opportunity with strong cash flow and significant upside potential. The asking price is $499,000, translating to $165.40 per square foot. All interested parties are urged to conduct their own due diligence.
Property profile
VerifiedCap rate & NOI
Current use
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Barber Shop
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Association Or Organization
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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