285 Head Dr, Cleveland, AL 35049

Property Details for 285 Head Dr

Year built

1999

Lot size

0.90 lot acres

Property type

Retail properties & Spaces

Property subtype

Retail space

Description

This exceptional investment opportunity presents two established businesses operating within a single, well-maintained building in Cleveland, Alabama. The property, situated on a 0.9-acre lot, encompasses a total of 12,177 square feet, with 3,500 square feet of net rentable space. The main tenant is Jerry's Laundry, a thriving 24-hour laundromat featuring state-of-the-art equipment, approximately 1,477 square feet, and generating an average monthly revenue of $7,000. The laundry boasts bright lighting, a public restroom, ample workspace, and vending machines. The equipment is approximately three years old and in excellent working condition. The second business, formerly Por-Boy Outdoor Equipment, occupies approximately 5,133 square feet of space, including an outdoor fenced area and an additional 5,567 square feet of rear storage. This space offers significant potential for conversion to another business, complementing the existing laundromat. The building, constructed in 1999 and renovated five years ago, features five buildings, one story, and 15 parking spaces. The property is zoned B2 and offers a unique opportunity to acquire two income-generating businesses in one location, with a combined average monthly income of $19,000. The asking price is $475,000, representing a price per square foot of $39.01. The property is currently 50% occupied. This is a rare opportunity to own a multi-faceted commercial property in a growing Alabama community. The property's APN is 15-04-18-0-003-010.024 & 15-04-18-0-003-010.026, and ownership is fee simple.

Location Insight

City

Cleveland

County

Blount

State

Alabama

Longitude

-86.5833

Latitude

33.9885