Property profile

120 Wesley N Ave Cullman, AL 35058

OFF-MARKET
Investment properties
Property ID
US03-1123550
11,020 SF 1.6 ac lot Built 2010
Entity Owned 16-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 0.87-acre commercial land parcel in Cullman, Alabama, situated adjacent to a Dollar General Market at 120 Wesley Ave N. The property is ideally located near the signalized intersection of AL-69 and Wesley Ave N, boasting combined daily traffic counts of approximately 7,717 vehicles. This high-traffic area is further enhanced by the proximity of other established businesses including Dollar Tree, Family Dollar, a fire station, Fuel City, and Chesley Oaks Golf Course. The property benefits from strong demographics, with a 10-mile radius encompassing approximately 36,391 residents and an average household income of approximately $81,357. Significant population growth is projected, with a 5% increase observed from 2020-2024 and an anticipated 8.18% future growth within a 5-mile radius. The flexible zoning allows for a variety of general commercial uses. This is an absolute $1 auction with no reserve, scheduled for December 9-11, 2024. The property is offered fee simple. Cullman's strategic location along Interstate 65, midway between Birmingham and Huntsville, provides excellent access to major transportation routes. This makes it an attractive location for businesses and industries, solidifying its position as a key logistical hub. The absence of a zoning ordinance in Cullman County and the town of Fairview offers considerable flexibility for development.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 2010
Total area 11,020 SF
Lot 1.6 ac (69,696 SF)
APN 11-04-19-0-001-011.001
UPID US03-1123550

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Postal Service Courier Service
  • Cinema (Bike/Boat/Book/etc) Store
  • Bank Credit Union
  • Grocery & Convenience Store Food Market

Location

120 Wesley N Ave Cullman, AL 35058-1474
Cullman metro Census 964201 CULLMAN, AL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$545k

Owner & transaction history

since 2010
1 recorded transaction
2010
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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