3440 Lorna Ln Hoover, AL 35216-5228
This exceptional Hoover, Alabama property presents a unique investment opportunity encompassing a thriving, established business and a substantial industrial building. The 11,511 square foot building sits on a 0.67-acre lot and is zoned for light industrial use. The business, operating successfully since 1976, specializes in automobile upholstery and boasts a loyal client base, making it the largest such operation in Alabama. The sale includes the business, its existing inventory, and the entire building. The building itself offers a versatile layout ideal for continued business operations and potential expansion. A newly remodeled 2,280 square foot office space with two bathrooms welcomes clients upon entry. Beyond the office, a spacious 5,047 square foot warehouse/shop area provides ample room for production, also featuring two bathrooms. Adding to the property's income potential is a 4,000 square foot upper-level space with a separate entrance, suitable for leasing. Conveniently located on the main level is a one-bedroom apartment complete with a living space, full kitchen, and bathroom. The second level also includes additional office space, a restroom, and a kitchenette. Ample parking is available for approximately 30 vehicles. This turnkey operation offers a rare blend of established business success and significant real estate potential, priced at $1,300,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I1 · Hoover, ALHoover. Always verify with local authorities before improvements.
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.