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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1199 Chestnut Byp Dr Bomar, AL 35960

11,000 SF 1.3 ac lot Built 2004
Property ID
Property summary
AI-generated overview

This exceptional Centre, Alabama investment opportunity encompasses a thriving 11,000 square foot multi-use complex situated on a 1.3-acre lot. Built in 2004, the property features two buildings and currently houses a well-established health and fitness center with over 600 members, including a spa, CrossFit gym, and weight loss program. The existing business model generates significant recurring revenue, further enhanced by three rentable hair salon booths. Amenities include men's and women's locker rooms, each equipped with a sauna, and three tanning beds. A diverse range of fitness offerings, such as spinning and aerobic classes, along with personal training services, contribute to the complex's comprehensive appeal. The property's zoning allows for flexible use, making it suitable for a variety of commercial ventures. The asking price is $1,200,000, and offers will be considered. This turnkey operation presents a unique chance to acquire a profitable, established business with significant growth potential in a desirable Alabama location. The address is 1199 Chestnut Bypass Drive, Centre, AL 35960. The property is zoned for retail and office use, providing flexibility for future expansion or diversification. The established clientele and diverse revenue streams make this a compelling investment opportunity.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2004
Total area 11,000 SF
Lot 1.3 ac (56,628 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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