201 Bayles St Anderson, AL 35610-3765

This exceptional mixed-use property, The Anderson Center, presents a compelling investment opportunity. Originally constructed in 1933 and extensively renovated in 2022, this 32,237 square foot building sits on a 2-acre lot at 201 Bayles St, Anderson, AL 35610. Currently operating as a thriving wedding venue, the property also generates income from leased business office spaces and 19 newly constructed self-storage units. The wedding venue offers diverse settings for various wedding styles, ensuring consistent revenue. The addition of the storage units represents a significant unrealized income potential, poised to substantially increase the property's profitability upon full occupancy. The property boasts a current NOI of $89,000, yielding a 10.47% cap rate. Pro-forma projections indicate a NOI of $108,800 and a 12.80% cap rate, reflecting the substantial upside potential from the soon-to-be-leased storage units. This turnkey operation offers multiple income streams, providing a stable and growing investment opportunity. The asking price is $850,000. Further details are available upon request.