30478 Hwy 278 Addison, AL 35540-2142
This exceptional 2,400 square foot commercial building presents a remarkable investment opportunity in the heart of Addison, Alabama. Situated on a 3.1-acre lot at 30478 W Hwy 278, this property benefits from high visibility and substantial traffic flow, drawing from both local businesses and lake-related commerce, as well as passing motorists. Currently configured as a former Subway restaurant, the building is ready for immediate occupancy and could easily be reopened as a Subway or repurposed to suit a variety of commercial ventures. The adaptable layout lends itself to diverse uses, including but not limited to restaurants, office spaces, daycare centers, or retail establishments. The significant acreage behind the main building offers considerable potential for expansion or the creation of additional income-generating structures. This prime location and versatile space make this property an ideal investment for entrepreneurs and business owners seeking a thriving commercial presence in Addison. The asking price is $169,900. Don't miss this chance to capitalize on the significant potential of this well-situated commercial property.
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.