40976 Al-77 Ashland, AL 36251
This exceptional owner-user opportunity presents a 12,800 square foot, four-unit retail strip center ideally situated on Highway 77 in Ashland, Alabama. Built in 1998, this single-story, Class C property sits on a 1.15-acre lot (APN: 11-04-19-1-000-098.002) and offers significant potential for both investment and occupancy. Currently, two of the four units are occupied under a five-year lease, leaving two spaces available. One vacant unit offers approximately 1,500 square feet, suitable for a restaurant, while another expansive 8,000 square foot space is perfect for a larger retail operation. The total square footage ranges from 1,500 to 8,000 square feet per unit, providing flexibility for various business needs. The asking price for this multi-tenant property is $600,000. This is a rare chance to acquire a well-located retail center with immediate income potential and the opportunity to occupy a significant portion of the space. The high visibility location on Highway 77 ensures substantial foot traffic and exposure. Contact us today to learn more about this outstanding investment and owner-user opportunity.
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.