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    OFF-MARKET
    Retail properties & Spaces

    1816 County Road 1354, Vinemont, AL 35179

    1.4 ac lot Built 2007
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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