10109 Hwy 64 Lexington, AL 35648-3000
This exceptional 4,000 square foot commercial building, situated on a 1.1-acre lot in the heart of Lexington, Alabama, presents a remarkable investment opportunity. The property has undergone a complete renovation, boasting brand new furniture, lighting, HVAC system, and roof. The main building currently houses the "Blue Agave Restaurant," featuring an attractive dining area, a clean and modern kitchen, and updated restrooms. A significant advantage is the inclusion of a full basement, partially finished and plumbed for a restroom, providing ample storage space. The property's prime location in the town center ensures high visibility and accessibility. The exterior improvements include a large, newly constructed deck. This property is priced significantly below its recent appraisal of $535,000, making it an attractive proposition for both investors seeking a strong return and business owners looking for a turn-key operation. The combination of a recently renovated building, ample space, and a desirable location makes this a truly unique opportunity in the Lexington commercial real estate market. The 1.1-acre lot offers potential for future expansion or development. This is a rare chance to acquire a high-quality commercial property at a substantially discounted price.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
1 · Lexington, ALCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.