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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1994 Hwy 55th E Falkville, AL 35622-7609

2,100 SF 0.75 ac lot Built 1992
Entity Owned Absentee Owner Free & Clear
Property ID
US03-1752941
Property summary
AI-generated overview

This exceptional 2,100 square foot convenience store located at 1994 HWY 55 East in Falkville, Alabama, presents a lucrative investment opportunity. Priced at $199,900 ($95.19/sq ft), this single-story, 1992-built property boasts four gas pumps, offering significant expansion potential. Currently operating as a convenience store, the versatile building lends itself to diverse uses, including a farmers market or even a full-service gas station. Its prime location on a busy highway ensures high visibility and consistent traffic flow from both morning and evening commuters. Surrounded by residential areas, this establishment is ideally positioned to serve a thriving neighborhood. The property is situated in Morgan County, Alabama, zip code 35622. This turnkey operation offers immediate income potential and the flexibility to adapt to evolving market demands. The strong existing customer base and high traffic volume make this a truly exceptional investment prospect in a growing community. Don't miss this chance to own a well-established business with significant upside potential.

Property profile
Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 1992
Total area 2,100 SF
Lot 0.75 ac (32,670 SF)
APN 23-02-10-0-000-009.001
UPID US03-1752941
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
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Owner & transaction history
LACEY'S SPRING A & C INC
LACEY'S SPRING A & C INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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