110 Commerce St Greenville, AL 36037-2210
This stunning, historic building at 110 W Commerce Street in Greenville, Alabama presents a unique investment opportunity. The property boasts a multi-functional commercial space on the ground floor, ideal for retail or office use. Its prime downtown location ensures high visibility and accessibility. The space has a proven track record of successful rentals, contributing significantly to the overall income stream. Upstairs, a charming loft-style efficiency apartment offers additional rental potential. This apartment retains its original historical character, featuring preserved architectural details that add to its unique appeal. A private balcony overlooking Commerce Street provides picturesque views of the city's vibrant downtown activity. Both the commercial space and the apartment have a consistent history of generating rental income, resulting in a gross annual rental income of $25,920. This property is a blend of historical charm and modern income potential, making it an attractive investment for discerning buyers seeking a profitable and aesthetically pleasing asset in a thriving downtown area. The building is situated on a lot with zero acres. The asking price for this exceptional property is $230,000. This represents a strong return on investment given the existing rental income. The property's location and historical significance make it a truly unique opportunity in the Greenville market.
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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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.