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Property profile & analytics
OFF-MARKET
Strip malls

1469 Main S St Wedowee, AL 36278-5450

4,264 SF 0.52 ac lot Built 1971
Entity Owned 17-yr Hold Absentee Owner Free & Clear
Property ID
US03-2085787
Property summary
AI-generated overview

This exceptional 4,264 square foot commercial property, situated on a 0.52-acre lot at 1469 Main St South in Wedowee, Alabama, presents a remarkable investment opportunity. Boasting high visibility on US Highway 431, this property enjoys a prime location within walking distance of a restaurant, Tanner Medical Center, and a pharmacy, ensuring high foot traffic and convenient access. Currently housing a mix of thriving businesses including salons, an art studio, and attorney offices, the property offers four (with potential for more) separate rental units, each equipped with its own water and electricity meters. Existing leases are available for review. The property features 24 paved parking spaces, providing ample parking for tenants and customers. The building previously accommodated medical services/office tenants with dedicated exam rooms, showcasing its versatility. This property is ideal for an investor seeking multiple income streams or a business owner looking for an established location with onsite landlord potential. The possibility of subdividing the property for smaller uses exists, catering to a wider range of potential tenants. Serious inquiries are encouraged to explore the potential of owner financing or a trade involving a large land tract. This is a rare opportunity to acquire a well-established commercial property in a thriving community with excellent access and visibility. Don't miss out on this exceptional investment in the heart of Wedowee, near Lake Wedowee.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1971
Construction METAL FRAME
Total area 4,264 SF
Lot 0.52 ac (22,651 SF)
APN 56 11 01 11 0 000 004.001
UPID US03-2085787
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Staff Of Life Medical Corp PC · 17 yrs held
Staff Of Life Medical Corp PC
since 2008
1 recorded transaction
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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