110 Bridge St Wetumpka, AL 36092
- Retail space
- 1,364 SF
- 0.03 lot acres
Current Use by Public Records
- Restoration Coffee House / Coffee Shop
Property Details for 110 Bridge St
- Year built
- 1900
- Lot size
- 0.03 lot acres
- Property size
- 1,364 SF
- Property type
- Retail space
- APN
- 17-04-18-3-301-054.000
- APU
- 1704183301054000
Description
This stunning, three-story mixed-use building in downtown Wetumpka, Alabama, presents a compelling value-add investment opportunity. Built in 1896 and extensively renovated in 2022, this 3,092 square foot property boasts original architectural details, including black and white penny round tile, a copper ceiling, and reclaimed wood throughout. Currently, the building is 63% occupied, with a prominent tenant—Restoration Coffee, featured on HGTV—occupying a portion of the space. A multi-tenant lease is in place with a remaining term of approximately 3.1 years (commencing January 1, 2024, and expiring December 31, 2027). The third floor features a large office space complete with a restroom and bar area, and all windows have been recently replaced. The building also retains its original bank vault in the basement and stairs salvaged from the Hotel Tallassee. Situated on a 0.22-acre lot (APN: 17 04 18 3 301 054.000), this prime location offers easy access to local amenities, including numerous restaurants. The property's strong NOI of $36,354 contributes to an attractive 4.04% cap rate at an asking price of $899,000 ($290.75/sq ft). Its proximity to Gold Star Park (approx. 0.2 miles) and major transportation routes (approx. 9.5 miles to Montgomery and 14 miles to I-85) further enhances its appeal. This is a rare chance to acquire a beautifully restored historic building with significant upside potential in a thriving downtown area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $165,000
- 6.5%
- $200,000
- 7%
- $180,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $225,000
- Geo Method
- $175,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $185,000
- Retail
- $190,000
- Mixed-Use
- $190,000
- Hospitality
- $180,000
- Educational
- $160,000
- Residential Income
- $175,000
- Energy
- $155,000
- Income-Based Land
- $155,000
- Food Service
- $180,000
Location Insight
- Map
- Local Demand
- City
- Wetumpka
- County
- Elmore
- State
- Alabama
- Longitude
- -86.2049
- Latitude
- 32.5374
- CBSA code
- 33860
- CBSA name
- MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
