116 Ladiga SW St Jacksonville, AL 36265-2536
This versatile commercial building, priced at $320,000, presents a unique investment opportunity in the heart of downtown Jacksonville, Alabama's bustling college town square. The property, located at 116 Ladiga Street SW, sits on a 0.09-acre lot and offers high visibility and high traffic volume, ideal for a variety of businesses. The building's previous use as a thriving bar makes it particularly well-suited for entertainment venues such as a bar, nightclub, or live music establishment. An adjacent room provides ample space for additional activities, such as a pool table area. The property also boasts a large rear deck complete with a built-in bar, perfect for outdoor entertainment and expanding the venue's capacity. Included in the sale is the adjacent parking lot located at 114 Ladiga Street SW, ensuring convenient parking for patrons. A lease option is also available for those seeking a less capital-intensive entry point. This prime location offers exceptional potential for a thriving business in a vibrant and active community. The property's history and existing features combine to create a turnkey opportunity for an entrepreneur seeking a high-impact commercial space.
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
Costs & 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.