1013 8 St Midfield, AL
This exceptional Midfield, Alabama property presents a unique investment opportunity. Located at 1013 8th Street, this 0.15-acre lot offers a combined commercial and residential space, ideal for owner-occupancy or savvy investors. The building is zoned for business, providing flexibility for a variety of uses. The front of the building is dedicated to commercial space, complete with its own restroom facilities, perfect for a small office, retail space, or professional services. The rear of the building offers a surprisingly comfortable residential area, featuring three bedrooms, a full kitchen, a living area, and a bathroom. This dual-purpose design allows for a multitude of possibilities, from running a business while living on-site to generating rental income from the residential portion. The property is priced competitively at $85,000, representing significant value in the Midfield market. The square footage is not currently available, but a site visit is highly recommended to fully appreciate the potential of this versatile property. This is a rare opportunity to acquire a property that seamlessly blends commercial and residential uses in a convenient and desirable location. Don't miss out on this chance to own a piece of Midfield's vibrant business community. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B2 · Midfield, 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.