224 Private Road 1568 Midland City, AL 36350
For Sale
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This exceptional commercial property in Midland City, Alabama, presents a unique investment opportunity. Situated on a sprawling 18-acre lot (784,080 sq ft), this property boasts two substantial warehouses. The first warehouse offers approximately 8,500 square feet of space, complemented by a covered area ideal for outdoor equipment storage. The second warehouse, measuring approximately 7,500 square feet, includes a generator and storefront, enhancing its versatility. A convenient loading dock at the rear and covered side areas provide protection from inclement weather. Adding to the property's functionality are two sheds, one situated on a concrete slab. A shop/storefront at the front of the property is perfect for a retail operation or business. A mobile home is also located on the site. The property's strategic location between Highways 231 and 431 offers excellent accessibility and visibility, making it an attractive proposition for a wide range of commercial ventures. The asking price is $599,000. This is a rare opportunity to acquire a substantial commercial property with significant development potential in a high-demand area. The property is zoned for commercial use.
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.