Property profile

1521 Lee Road 379 Smiths Station, AL 36877

FOR SALE
Retail properties & Spaces
Property ID
US03-0354411
1,524 SF 0.55 ac lot Built 1950
Individually Owned Free & Clear
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Property summary

AI-generated overview

This exceptional commercial opportunity in Smiths Station, Alabama, presents a 1,542 square foot restaurant space situated on a 0.55-acre corner lot at the intersection of Lee Road 0379 and Lee Road 0249 in Lee County. The property boasts high visibility and accessibility, benefiting from its location just over a mile from the US-280 Flea Market and directly across from a convenience store/gas station. This ensures optimal exposure to a high volume of traffic. The building includes two half-bathrooms, a kitchen, and a shed for additional storage, along with eight parking spaces. The property is zoned GC and offers a flexible layout suitable for various uses, including retail, office space, or a service-oriented business. The asking price is $225,000, translating to $145.91 per square foot. The property's APN is 1502030000019.0. This is a rare chance to acquire prime commercial real estate in a desirable Smiths Station location. The property is sold AS-IS. Don't miss this chance to establish your business in a thriving area.

Property profile

Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 1950
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,524 SF
Lot 0.55 ac (23,958 SF)
APN 15-02-03-0-000-019-003
UPID US03-0354411

Cap rate & NOI

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

Location

1521 Lee Road 379 Smiths Station, AL 36877
Smiths Station metro Census 41903 AUBURN-OPELIKA, AL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$195k

Owner & transaction history

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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More about this property
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