1453 Johnson Ave New Hope, AL 35760-9632
This exceptional 16,240-square-foot manufacturing building presents a compelling investment opportunity in New Hope, Alabama. Situated on a 2.7-acre lot at 1453 Johnson Ave, 35760, this single-story, Class C industrial property offers significant potential. Built in 1974 and recently refreshed with a new paint job, the building features one loading dock and one dock-high door, providing efficient material handling. Inside, you'll find a well-maintained manufacturing space complemented by offices, a full kitchen, and two restrooms. The property boasts both 200 and 400 Amp electrical service, ensuring ample power for operations. A recent addition has expanded the production area, added a washroom, and increased storage capacity. The expansive lot allows for future expansion, catering to the needs of a growing business. This versatile warehouse/manufacturing facility combines functionality with significant development potential, making it an ideal acquisition for businesses seeking a strategic location and robust infrastructure in Madison County, Alabama. The asking price is $695,000, translating to $42.80 per square foot. This property offers a rare blend of established functionality and future growth potential.
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Flag Place Central Industrial Manufacturer Production Facility
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
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Risks
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