29854 Ardmore Ave Ardmore, AL 35739
- Commercial real estate
- 1,500 SF
- 4.30 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 29854 Ardmore Ave
- Lot size
- 4.30 lot acres
- Property size
- 1,500 SF
- Property type
- Commercial real estate
- APN
- 0102044000040000
Description
This exceptional 1,500 square foot apartment building, located at 29854 Ardmore Avenue in Ardmore, Alabama (zip code 35739), presents a unique investment opportunity. Situated on a sizable 4.3-acre lot within the Ardmore city limits, this property offers significant potential for future development. The existing structure is a fully occupied, single-tenant apartment building with a 100% occupancy rate. The building itself is a newly updated, full brick construction featuring sleek new flooring, making it move-in ready. A detached garage provides additional storage and convenience. The property's assessed parcel number (APN) is 0102044000040000. The asking price is $850,000, translating to a price per square foot of $566.67. The property is classified as both retail and multifamily, offering flexibility for various investment strategies. Its prime location and substantial lot size make it ideal for expansion or redevelopment into a larger multifamily complex or other commercial ventures. This is a rare opportunity to acquire a property with immediate income and significant long-term growth potential in a desirable Alabama location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ardmore
- County
- Limestone
- State
- Alabama
- Longitude
- -86.8462974
- Latitude
- 34.9819961
