Property profile

1816 County Road 1354 Vinemont, AL 35179

OFF-MARKET
Retail properties & Spaces
1.4 ac lot Built 2007
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Property summary

AI-generated overview

This exceptional investment opportunity presents a three-unit retail building situated on a spacious 1.4-acre lot in Vinemont, Alabama, at 1816 COUNTY ROAD 1354. The property boasts three distinct retail spaces, each currently occupied. Unit 1, formerly a tanning salon, now functions as a retail business with an office area, half bath, multiple small rooms, a sizable waiting area, marble flooring, and a recently installed HVAC system. Unit 2, a long-standing beauty shop, includes a three-quarter bath, laundry area, full kitchen, tile flooring, and a large area equipped with washing stations. Unit 3, a bridal shop, features a three-quarter bath, a private dressing room, a large open area, a dedicated sewing area, hardwood floors, and a newly installed HVAC compressor. This unit also offers access to an unfinished basement. The building's design allows for straightforward conversion into two or three residential apartments, making it a versatile investment. Original floor plans are available. The sale includes parcels 09-05-16-0-000-019.001 and 09-05-16-0-000-019.000. Priced at $350,000, this property offers significant potential for both immediate income and future development.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2007
Lot 1.4 ac (60,984 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1816 County Road 1354 Vinemont, AL 35179
Vinemont metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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