29854 Ardmore Ave Ardmore, AL 35739

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.