203 1St Ave E Reform, AL 35466
For Sale
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This exceptional office building, located at 203 1st Avenue E in Reform, Alabama, presents a unique investment opportunity. Priced at $199,900, this property offers significant potential for a variety of commercial uses. While the exact square footage is currently unavailable, the building sits on a conveniently sized lot of zero acres, making it ideal for easy access and minimal maintenance. Its prime location in Reform ensures high visibility and accessibility for clients and employees. The building's current configuration is suitable for immediate occupancy, although renovations or customization could further enhance its value and functionality. This property is perfect for a small business seeking a dedicated space, a growing company needing expansion room, or an investor looking for a strong return on investment in a stable market. The absence of specified square footage allows for flexibility in planning and usage. The asking price represents a compelling opportunity to acquire a well-situated commercial property in a developing area. Serious inquiries are encouraged to explore the full potential of this promising investment. Further details regarding the building's interior layout and specifications are available upon request. Don't miss this chance to secure a valuable asset in the heart of Reform.
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
No recorded transactions found for this property.
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.