1469 Main S St Wedowee, AL 36278-5450
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.
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.