Property profile

285 Head Dr Cleveland, AL 35049

OFF-MARKET
Retail properties & Spaces
0.9 ac lot Built 1999
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Property summary

AI-generated overview

This exceptional investment opportunity in Cleveland, AL, presents a rare chance to acquire a thriving dual-business property situated on a 0.9-acre lot. The main business, a highly successful 24-hour coin-operated laundromat, boasts approximately 2,500 square feet of space. Equipped with modern, three-year-old washers and dryers, the laundromat maintains a clean and well-maintained environment, featuring bright lighting, a public restroom, ample workspace with folding tables and rolling baskets, and vending machines for added revenue. This established business averages $7,000 in monthly revenue and enjoys a monopoly in its immediate area. The second space, formerly an outdoor equipment store, offers approximately 5,133 square feet of indoor space with an additional 5,567 square feet of rear storage, providing significant flexibility for a variety of business ventures. This area includes good lighting, existing shelving, and a fenced outdoor area. The property's prime location and the combined income potential of the two businesses make this a truly unique and lucrative investment opportunity. The property is priced at $475,000.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1999
Lot 0.9 ac (39,204 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store Garden Center

Location

285 Head Dr Cleveland, AL 35049
Cleveland metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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