31485 Highway 278 Addison, AL 35540
This exceptional commercial property, located at 31485 W Hwy 278 in Addison, Alabama, presents a unique investment opportunity. The 4,000 square foot building sits on a spacious two-acre lot, offering ample room for expansion or outdoor activities. The structure itself boasts a flexible layout, currently configured as a 40x40 office/retail space and a 40x60 workshop. Key features include a robust HVAC system, a half-bath, six-inch insulated walls for energy efficiency, an attached air compressor, a gas hot water heater, and a convenient 10x12 roll-up door. The high ceilings, measuring 10 feet with a 5x12 pitch, provide a sense of spaciousness. Additional features include a three-stack gas heater, ventilation suitable for vats, and a septic tank. The property's versatility allows for a variety of uses, from its current configuration to a potential multi-family triplex conversion. This presents a rare chance to acquire a substantial commercial property with significant upside potential in a desirable location. The asking price is $120,000.
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
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No recorded transactions found for this property.
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Risks
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